this post was submitted on 27 Nov 2024
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Explain Like I'm Five

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135
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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[โ€“] [email protected] 8 points 2 hours ago (1 children)

The tariffs will be paid by the importing companies, and then it will cause the prices of those goods to rise.

The hope is that this will incentivize and result in more development of the American manufacturing sector, resulting in medium and long term gains.

Short term there will definitely be a cost, paid by us.

[โ€“] [email protected] 3 points 37 minutes ago

Long term the cost will also be paid by us. Prices won't go down when we start producing locally.