I’m no economist but… how does enforcing a price floor help you to compete with China who already has the market cornered, and does so with lower prices? If my competition has 75% market share to my 10%, the only way I have to make up that difference at all is for demand that they can’t meet to go up (which is out of my control), or to either provide a better product, or give them the same product at a lower price to attract more customers. Setting a price floor just took one of my levers away, and the other lever, product improvement, costs money that I don’t have. So… this is just going to kill competition with China, kill American businesses and give China room to make even more money. Am I missing something?
How’s that free market working out?
Is this the party of “no government meddling in business” planning to … meddle in business ?
Price controls eh? I didn’t expect to see them arrive this early in the game. They’re a useful and sometimes necessary tool, but I doubt these knuckleheads would use them appropriately.
Is this small government?
When the GOP is in power they starting acting like National Socialists.
There is nothing nationalist or socialist about the Republican party except that they want to be Nazis.
I guess the logic is that China is selling things very cheaply so this discourages others from selling a thing.
So the price floor requires companies to pay a certain amount for a thing, or does the US subsidize the seller?
Doesn’t matter to Bessent. He made 190M USD shorting bitcoin in a day.
