No price pressure is upward because the price is set artificially high. Should an excess of manufacturers start forcing prices downward then other manufacturers will leave because they can't make the money they need. The supply part of supply and demand.
FAIL. If the the margin went up a whopping 20% ( on top of the existing profit margin! ) because of the tariff then there is plenty of room for new domestic production. So you still don't get it. Tariffs are what EVERY OTHER COUNTRY DOES TO US. It only in America where economic stupidity reigns and other nations take advantage..
central_va: "The situation is DYNAMIC and not STATIC.
What happens after the price goes up is more domestic suppliers come on line because the profit margin is now artificially high.
So the price pressure is now downward after the tariff with more Americans working/producing for a living and paying taxes. "
This is a (perhaps rare) case where I not only agree with central_va, but agree because he took the time some years ago to explain it on a thread like this one.
More important, if I understand correctly, both of us agree with President Trump, while Kalamata and DiogenesLamp, as usual, are here arguing the globalist Democrat position.
Note Southern Whigs (brown) victory in 1840
And this is a good time to remember that in decades before 1860 the South was not solidly Democrat, that there were many anti-Democrats eager to vote for a viable opposition candidate.
These Southern anti-Democrats elected Whig Presidents Harrison and Taylor, and as late as 1860 they gave John Bell's Constitutional Union more electoral votes than Steven Douglas Democrats.
In Kalamata's mind Whigs were as bad as Republicans, at least in their support for protective tariffs, a national bank and "internal improvements".
On the subject of tariffs, as a young man I was taught tariffs are bad (i.e., Smoot Hawley), that "free trade" will bring more prosperity, and the great test of that idea was to be NAFTA.
At the time of NAFTA, Ross Perot was squawking something about a "giant sucking sound" and I thought at the time: no, that's not how it's supposed to work, instead we should actually gain more than we lose.
Well, Perot proved more correct, and Trump was able to make the case in 2016, win the election and quickly turn it around.
Trump sold the idea that "free trade" must also be fair trade and "fair" can indeed mean substantial tariffs.
This puts Donald Trump squarely in the line of succession from Federalists George Washington & James Madison, to Whig Henry Clay, to Republicans Lincoln & Coolidge.