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Originally Posted by MelBridgeman
Basic economics? Profit margins? Competition? These things don't change overnight but prices do go down.
None of that is gas lighting but maybe some ignorance on your part
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I am not an economist but why would a tariff imposed on the importer result in the price going down? Please explain this to me like I am five because while individual goods may go down in price the institution of a tariff would on its face result in the prices going up as the costs are passed along to the consumer.
If the intent is to bring manufacturing back to America (to his supporter states I presume) then the cost will still rise as the cost of manufacturing in the United States is still higher than in developing nations where human rights and fair wages are less of a thing. But once again that would result in the cost of products going up... which is what he was rallying against.
Now I am not going to say that I think globalization has worked out perfectly for all Americans, there is a significant portion of the population left behind as the factories close and the coal mines/resource extraction industries are shuttered. But by and large the American populace has been the beneficiaries of this by being able to acquire cheap products produced for them by what amounts to borderline slave labour. We have never had it so good and yet we don't even realize that our standard of living is built on the backs of the international poor.
But please explain how tariffs will lower prices.