what way could putting a tariff on foreign shoe imports result in a disadvantage 2 the US economy or consumers

Answer 1

It would cause prices of those products to rise in the U.S., which would cause some inflation.

It could also cause retaliation by the nation(s) against which we assess a tarriff, which would thereby damage American companies who export to those nations. This is one of the big ideas behind free trade - that it helps nations to avoid tarriff wars which end up being destructive to industries in both countries.

To answer your question: it would cause shoe prices to rise in the U.S., and would likely cause prices of U.S. products in other countries to have their prices rise as well, damaging U.S. competitiveness.

Answer 2

As a consumer you will pay the regular price of shoes plus the tariff for foreign shoes. You are either already paying that for domestic shoes, or with competition prices fixed at an inflated rate, they will start charging you more. It's all inflation to the economy.

If other industries consume shoes, their prices will be higher, and those companies may not be able to compete. Shoes is a hard example, say fashion models and sports teams have increased costs. A good example is the sugar industry. Sugar protection in the US means high sugar costs. Candy makers have left the country because they can produce cheaper elsewhere with lower sugar costs.

Answer 3

hmm, I think (just my opinion) that a tariff on foreign shoes or even goods in general would make a product more expensive to US consumers.

However this would make domestic products look more appealing because they will be cheaper to buy. Now my issue with this is what if the foreign product was a superior product?
Well, in this case most American's would buy the cheaper product and it not be the best product on the market.

Also, if you stifle outside products with a tariff we will loose a healthy competition with outsiders and there goes an incentive for US companies to produce a better product to counter their competition.

Eh, but it's just my opinion and I'm not econimc expert.

Answer 4

It would make foreign shoes more expensive to US consumers and could potentially lead to a retatialatory tariff from the foreign country.

Answer 5

Consumers can buy more shoes with their wages. If they work for Microsoft or Pifser, they get to keep their job or have higher wages because the shoemakers get to buy their children Windows XP and headache pills from worrying about selfish nationalistic nuts like you.

Answer 6

Because the importer will just lift up their price
And we as consumer will have to pay more

Answer 7

it will let foreign shoes be more expensive than domestically produced shoes. so this will give domestic shoe producer that ability of lowering costs by lowering their quality, thus decreasing the US shoe quality

Answer 8

the consumers will have lesser choices to choose from.