RE: Additional to FTSE 25026 Dec 2024 11:39
Lemontree
that chappy says tarriffs dont work.
and yes,they dont work for the country for the customer,that was going to buy that product,before it had a 25% tax,added to it.
and why china,the worlds biggest tarrif hitter.....uses tarrifs.
so stifle imports and protect internal products.....like autos
SO YES,although not good for the customer....its works very well,for PROTECTIONISM,of your own products.
hence why america and europe,have gone down the china road,in the last 8 years.
they have woken up to it,it now workes both ways.
china had theyre cake and ate it for 20 odd years....now theyre getting some of their own medication