I’m not an economist but I would think the tariff would level the playing field with prices so we would now buy American what we used to buy Mexican.
Then demand becomes less for Mexican goods, and they come crying for help.
Their peso is slipping in the stock market as we speak.....
Right. Because American suppliers would never use this as an opportunity to increase their prices while their competitors are being forced to take an involuntary 20% price increase.
I'm waiting for someone to tell me we need higher prices for the children.