QP!
Verified User
Part of Britain's problem--a good part--is Britain itself. For example, I ordered a book from a British book store through Amazon UK. The book was like $18 US. It cost $28 US to get it shipped to the US from the UK because of all the export regulations, taxes, and paperwork. I got one sheet with the sale of the book on it, and six pages of UK government WTF paperwork necessary to export a fucking used book! How insane is that?
A book I ordered from Amazon France came with a single sheet of paper for the sale, and there were no additional charges to ship it to the US. There was even a hand written note on it, in French, thanking me for the order... Amazon Germany is the same way.
That does not change the fact, that CURRENTLY American companies are able to reduce COG's (Cost of Goods) greatly by using China and other foreign country labor and materials.
If you use tariffs to raise the prices of those items coming in to the US, that will results in the US companies raising prices greatly to the US consumer. If those goods have to be manufactured in the US that will lead to more jobs and even higher cost of goods, both of which will spur inflation even higher.