this post was submitted on 27 Nov 2024
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Explain Like I'm Five

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If Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with? (lemmy.world)
submitted 1 day ago by Don_Dickle@lemmy.world to c/explainlikeimfive@lemmy.world
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[–] crank0271@lemmy.world 46 points 1 day ago (2 children)

That company still wants to make a profit, so they raise the price by 25 dollars.

Or they raise the price by $40, do stock buybacks, lay off 10% of their workforce, close underperforming stores, and book their CEO on CNBC to squeal about "organized retail theft," and pay record bonuses to the execs.

[–] somethingsnappy@lemmy.world 13 points 1 day ago (1 children)

You also just explained the last few years of inflation.

[–] intensely_human@lemm.ee 0 points 1 day ago (1 children)

We spent a year forcibly shutting down small businesses and printing new money. That easily explains the inflation.

[–] intensely_human@lemm.ee 0 points 1 day ago

Actually if that company really wants to make money, they raise the price by $10000000000