When I was a lad I ate four dozen eggs
Every morning to help me get large
And now that I’m grown I eat five dozen eggs
So I’m roughly the size of a barge!
Now, a scrambled egg should be made in a pan or on a griddle, but I was making it easy for Hillibilli Vanilli. We make eggs for our dogs in ramekins because it’s about as easy as it can be to make an egg in one, and they don’t care if the eggs are slightly cylindrical. They taste the same.
and I will now, and forever, pronounce “crudité” as “crud-ite”.
I hate to be the Trump sane-splainer, but what he was trying to do was tell John Deere to sell to Americans products made in America.
The effect of a 200% tariff would be to cause American farmers to buy from John Deere’s competitors, preferably whoever was smart enough to make those in America (and there are several) . Farmers might pay slightly higher prices, but wouldn’t pay the 200%. Thus, John Deere would lose market.
There would also be a sudden supply shock to the market when John Deere’s tractors become effectively unaffordable, and prices would spike until domestic supply (by JD or competitors) matches demand.
Until those new tractor factories are up and running, farmers would play significantly higher prices - or go without. So not triple the price, but I’m guessing a 50% markup wouldn’t be impossible.
Any law that slapped a tariff on John Deere would also apply to every other tractor manufacturer outside the US. So Kubota, et al would be in the same boat as Deere.
The boat keel would run over the farmers foot (collectively) as it launched.