I heard the other day, Biden is reducing the tariff on steel making it cheaper for foreign countries to import into the United States. But when Trump was in office he increased the tariff making it more expensive to import.
So, which is better? Tariff or No Tariff
The United States needs to become more independent on goods and services. We should not have to rely on foreign countries for things we can easily produce here. When we rely on the import of goods we become dependent and that is not what makes us America. We should be free to live and prosper in our capitalists' society. We as Americans should only buy American made products, this creates more jobs, inspires new businesses and again makes us independent from foreign countries.
We are in the mist of a supply chain crisis that is only going to get worst. We could have fixed the problem but we are a little late on are response. If we had only been proactive in creating more products here but that's not the case.
How do we fix it?
Stop buying foreign products now, you will probably pay more for American made but in the long-run it will create more jobs, the price will eventually come down, and we can rid ourselves of this dependence on foreign countries.
Capitalism works only if we buy American.
Buy local and buy often.
Image by Foundry Co from Pixabay