in what way could putting a traffic on foreign shoe imports result in a disadvantage to the united states economy or united states consumers
i say we would not be able to buy them
A tariff is a tax. This would increase the cost of shoes to American customers. This would mean that fewer shoes would be sold, thus there would be less profit to the stores. If a tariff were put on an import then the country of origin would be encouraged to put tariffs on imports coming into their country. This would means that fewer American products would be sold abroad.
Putting a tariff or tax on foreign shoe imports could indeed have certain disadvantages for the United States economy and consumers. One of the main disadvantages is that it could lead to higher prices for shoes in the United States. Here's an explanation of how this could happen:
When a tariff is imposed on imported shoes, it increases the cost of importing those shoes. As a result, the foreign shoe manufacturers or suppliers would likely pass on this additional cost to the United States consumers. This means that the price of shoes in the United States would go up.
Higher prices on shoes would have a direct impact on consumers. They would have to spend more money to purchase shoes, which might result in decreased purchasing power and potentially reduce their ability to buy other goods or services. This, in turn, could have a negative effect on consumer spending and overall economic growth in the United States.
Additionally, imposing tariffs on foreign shoe imports might lead to retaliation from other countries. These countries may raise tariffs on American exports in response, making it harder and more expensive for U.S. companies to sell their products to international markets. This could harm American businesses, especially those that rely on export markets, potentially leading to reduced profits, job losses, and overall economic slowdown.
It's important to note that this is just one way that putting a tariff on foreign shoe imports could negatively affect the United States economy and consumers. The impact can vary depending on numerous other factors such as the trade relationships between countries, the elasticity of demand for shoes, and the availability of domestic shoe alternatives.