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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 1 month ago by Don_Dickle@lemmy.world to c/explainlikeimfive@lemmy.world
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[-] crank0271@lemmy.world 33 points 1 month ago

That company still wants to make a profit, so they raise the price by 25 dollars.

Or they raise the price by $40, do stock buybacks, lay off 10% of their workforce, close underperforming stores, and book their CEO on CNBC to squeal about "organized retail theft," and pay record bonuses to the execs.

[-] somethingsnappy@lemmy.world 6 points 1 month ago

You also just explained the last few years of inflation.

this post was submitted on 27 Nov 2024
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