[Kellis91789]

Unless they have repealed the law of supply & demand, the wholesale price of imported goods will drop until people can afford them with the tariffs applied.

So it won’t cause retail price increases, and it will actually be a hit to the foreign producers’ pockets and not American consumers. Either that, or they go out of business and American companies have to make our stuff again.

[tacticalogic]

So it won’t cause retail price increases, and it will actually be a hit to the foreign producers’ pockets and not American consumers. Either that, or they go out of business and American companies have to make our stuff again.So it won’t cause retail price increases, and it will actually be a hit to the foreign producers’ pockets and not American consumers. Either that, or they go out of business and American companies have to make our stuff again.

Your original comment I replied to was:

The USA imports approximately $1.6Trillion per year. A 20% across the board import tariff eliminates the deficit tomorrow.

If wholesale prices drop, or people switch to buying from domestic manufacturers then the math doesn't work anymore.

[tacticalogic]

Unless they have repealed the law of supply & demand, the wholesale price of imported goods will drop until people can afford them with the tariffs applied.

So it won’t cause retail price increases, and it will actually be a hit to the foreign producers’ pockets and not American consumers. Either that, or they go out of business and American companies have to make our stuff again.

The original comment I had replied to was:

The USA imports approximately $1.6Trillion per year. A 20% across the board import tariff eliminates the deficit tomorrow.

As the value and/or amount of imported goods drops, so does the amount of money you're able to collect in tariffs, and then the math doesn't work any more.