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 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 2 days ago

As an anecdote about this, most countries in South America charge a 100% import tax on almost all electronic devices (laptops, phones, pc parts, cameras, etc). Not only the exchange rates already make these purchases almost impossible, they also have to pay double. The ripple effects on the future of a country where people don't have access to the tools they might need to develop themselves is tragic.