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jimk3758

23,645 Posts.

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15/09/24

16:46

Post #: 75682227
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Originally posted by pintohoo: ↑

''If the tarriffs were to onshore the manufacture and sale of domestic products - that would be a positive influence on product cost, no?'

No - it would not

very clearly one applies tariffs BECAUSE one's home manufacturing can't compete

which means that if one applies tariffs to such an extent that domestic production CAN compete -

then the product COST to the consumer MUST BE HIGHER -

and hence, inflationary

no matter which way one goes ----- tariffs = inflation

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All the economic experts agree Trump's tariffs (taxes) will be inflationary mostly paid by middle class working consumers.
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