lemme in@lemm.ee to News@lemmy.world · 1 month agoWhich countries would get hit hardest by Donald Trump's tariffs?www.newsweek.comexternal-linkmessage-square11fedilinkarrow-up124arrow-down14
arrow-up120arrow-down1external-linkWhich countries would get hit hardest by Donald Trump's tariffs?www.newsweek.comlemme in@lemm.ee to News@lemmy.world · 1 month agomessage-square11fedilink
minus-squareNougat@fedia.iolinkfedilinkarrow-up4arrow-down1·1 month agoThe price rises even if there’s a locally made substitute, because odds are that it costs more to make locally, and the price floor is now higher, too
minus-squareelgordino@fedia.iolinkfedilinkarrow-up6·1 month agoEven if it doesn’t cost more to make it locally you can just hike your prices anyway if your only competitors have tariffs applied.
The price rises even if there’s a locally made substitute, because odds are that it costs more to make locally, and the price floor is now higher, too
Even if it doesn’t cost more to make it locally you can just hike your prices anyway if your only competitors have tariffs applied.