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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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[-] ryedaft@sh.itjust.works 3 points 1 month ago

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?

this post was submitted on 27 Nov 2024
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