Damus
nostrich profile picture
nostrich
Imagine being a nation that doesn’t produce anything, telling all the producers what to do.

Trump’s threat of 100% tariffs would backfire massive. What it means in practice is higher prices for consumers, massive inflation to keep purchasing power up, a further weakening currency, LESS foreign investment, not more - because they also have to rely on imports to produce in US…

The producer only needs to raise prices to make up the losses…
1
Ty-Fi · 54w
Would be a whole lot easier if people would take 5 minutes and google “what is a tariff?” before voting