If the price goes up, what happens to demand? If demand goes down, what happens to production? If production goes down but your fixed costs remain the same, what happens to profit? If profit goes down, who in the end…paid for the tariffs?
Anyone who knows anything about economics, however, knows that this type of effect only happens when an economy is in a certain stage of development, and even then doesn’t last.
This is the problem with trying to manipulate the economy…far too often, our manipulations fall prey to the Lucas Critique.
There are several hundred items on the trump online store. Hurray that you found 1 made in America. What about the hundreds made in foreign countries using cheap labor?
I think it’s too early to know who will be the Dem nominee. So much will happen between now and then. Right now I think a lot of the candidates have a chance. I’m still learning about some of them so I don’t know enough to make a prediction.