Explain Like I'm Five

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If Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with? (lemmy.world)

submitted 14 hours ago by [email protected] to c/[email protected]

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[–] ryedaft 2 points 10 hours ago (1 children)

They'll want to make the same profit margin (if they aren't changing the way they do business) so if the margin is 10% the price would go up 27.5 dollars in your example.

Wait, is my math right?

[–] [email protected] 1 points 2 hours ago

Actually they’ll want to make more profit margin. They want to make as much profit margin as possible.