That depends a bit on the type of consumption. Foreign versus domestic. The problem being that capitalists hollowed out all manufacturing in the United States. And so now most of the consumption is from foreign sources. There are no domestic sources, and therefore it is simply a flat price increase.
Its not just that. Things like bananas, chocolate, etc are less suitable to grow domestically so tariffs are also just a straight up price hike while the retaliation on things that do grow well here, like soybeans, have seen reduced exports.
Well tariffs are import tax. Imports are driven by consumption and consumption doesn’t go up in response to heavy new taxes.
That depends a bit on the type of consumption. Foreign versus domestic. The problem being that capitalists hollowed out all manufacturing in the United States. And so now most of the consumption is from foreign sources. There are no domestic sources, and therefore it is simply a flat price increase.
Its not just that. Things like bananas, chocolate, etc are less suitable to grow domestically so tariffs are also just a straight up price hike while the retaliation on things that do grow well here, like soybeans, have seen reduced exports.
People got conned twice by this moron.
Yes. I was taking that part of the equation for granted.