Trump’s Tariffs: Guaranteed Price Hikes for Americans
Trump ‘can’t guarantee’ Americans won’t pay more if tariffs enacted. This statement, while seemingly simple, encapsulates a complex economic reality that many seem to be overlooking. The core issue is straightforward: tariffs, by their very nature, increase the cost of imported goods. This isn’t some debatable point; it’s a fundamental principle of how tariffs function.
Adding a tariff, essentially a tax on imported products, doesn’t magically disappear. The added cost isn’t absorbed by the seller, who’s already operating within their profit margin. It’s almost always passed on to the consumer, resulting in higher prices for everyday goods. This is true regardless of whether the ultimate goal is to boost domestic production.… Continue reading