this post was submitted on 27 Nov 2024
164 points (93.2% liked)

Explain Like I'm Five

14314 readers
441 users here now

Simplifying Complexity, One Answer at a Time!

Rules

  1. Be respectful and inclusive.
  2. No harassment, hate speech, or trolling.
  3. Engage in constructive discussions.
  4. Share relevant content.
  5. Follow guidelines and moderators' instructions.
  6. Use appropriate language and tone.
  7. Report violations.
  8. Foster a continuous learning environment.

founded 1 year ago
MODERATORS
sabbah@lemmy.world
AradFort@lemmy.world
rikudou@lemmings.world
Don_Dickle@lemmy.world
Rikudou_Sage@lemmy.world
164
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
78 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] intensely_human@lemm.ee -2 points 11 hours ago (1 children)

The expected benefits don’t include prices going down. They include:

  • overall purchasing power going up
  • more military independence
  • more political independence
  • staying ahead in the AI race
  • more Americans get to spend their days building things
[–] scutiger@lemmy.world 3 points 9 hours ago (1 children)

How is it expected for purchasing power to go up if prices increase and wages do not?

[–] intensely_human@lemm.ee 1 points 6 hours ago

It’s expected that wages will, as more US stays within the US economy.