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0 sats \ 1 reply \ @0xbitcoiner OP 12 Mar \ parent \ on: Effects of Tariffs on U.S. Economy Pile Up econ
A contrarian is often correct! I don't fully understand these macroeconomic dynamics, and there's a lot of contradictory information, so I'm asking. Perhaps it will help increase domestic production, but this takes years to take effect. In the meantime, I think the consumer is the one who pays the bill!
@remindme in 2 years
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17 sats \ 0 replies \ @justin_shocknet 12 Mar
In the meantime, I think the consumer is the one who pays the bill!
No because even if the US never starts producing more of the thing that was tariff'd then the exporting countries currency gets hurt. Domestic producers can charge higher prices and those dollars stay within the domestic economy as opposed to subsidizing a foreign currency. Americans purchasing power gets increased overall and demand for the dollar brings down interest expenses.
The Canadian peso is first in the kill box, they will become a state after losing the currency war.
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