Comment by cpeterso
10 months ago
> It doesn’t raise prices of domestic goods and actually increases demand for domestic goods.
But domestic producers will surely increase their prices to match their foreign competitors’ tariffed prices.
10 months ago
> It doesn’t raise prices of domestic goods and actually increases demand for domestic goods.
But domestic producers will surely increase their prices to match their foreign competitors’ tariffed prices.
Not necessarily, if there's adequate competition and no collusion. I think of Costco's Kirkland products which have a capped profit margin, for example.
Protectionism stifles competition.