this post was submitted on 27 Nov 2024
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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? (self.explainlikeimfive)
submitted 5 days ago by Don_Dickle to c/explainlikeimfive
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[–] [email protected] -3 points 5 days ago (1 children)

The expected benefits don’t include prices going down. They include:

  • overall purchasing power going up
  • more military independence
  • more political independence
  • staying ahead in the AI race
  • more Americans get to spend their days building things
[–] scutiger 3 points 5 days ago (1 children)

How is it expected for purchasing power to go up if prices increase and wages do not?

[–] [email protected] 0 points 4 days ago

It’s expected that wages will, as more US stays within the US economy.