this post was submitted on 27 Nov 2024
175 points (93.5% liked)

Explain Like I'm Five

14449 readers
43 users here now

Simplifying Complexity, One Answer at a Time!

Rules

  1. Be respectful and inclusive.
  2. No harassment, hate speech, or trolling.
  3. Engage in constructive discussions.
  4. Share relevant content.
  5. Follow guidelines and moderators' instructions.
  6. Use appropriate language and tone.
  7. Report violations.
  8. Foster a continuous learning environment.

founded 2 years ago
MODERATORS
Rikudou_Sage
[email protected]
sabbah
AradFort
Don_Dickle
175
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 1 month ago by Don_Dickle to c/explainlikeimfive
79 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -3 points 1 month 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 1 month ago (1 children)

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

[–] [email protected] 0 points 1 month ago

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