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US manufacturers response to 25% tariffs on washing machines was to raise their prices by exactly 25%. $80 million was collected in tariffs, $2 billion was paid by US consumers in increased prices. Increased prices caused a reduction in units sold. US manufacturers increased profits on reduced sales led them to close plants, lay people off and fund share buybacks. Chinese manufacturers avoided the tariffs by moving production to Vietnam and increasing US prices. Net result, higher prices and reduced employment.


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