Posted on : October 12, 2018
Views : 4
Category : Economics
Greg Hayes (United Technologies CEO) says tariffs are very short-sighted and not a very informed view. “Ultimately, tariffs are just a tax on the consumer. When our costs of our air conditioners go up, the cost of our engines go up, you see that in the ticket price of a new air conditioner. You see that in the ticket prices of a new airline. The fact is that jobs move where the customers are. We’re not going to bring any of those jobs back because of these tariffs.”