FYI- If we want to lower inflation then tarrifs might do the opposite, it might increase prices instead!

I think it might increase gas, food, and goods like tv's etc.

Example! If we buy maple syrup from Canada and Canada has a tariff then Canada will increase their prices on Maple syrup and we have to pay more for that maple syrup!

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JimboSaturn · 56-60, M

It's a tax on the consumer.

redredred · M

@JimboSaturn All taxes are taxes on the consumer. Consumers pay corporate taxes that are baked into price of goods and services.

JimboSaturn · 56-60, M

@redredred Agreed

Carazaa · F

@redredred We will see increased gas prices and groceries prices etc shortly if tariffs go into effect. Its obvious!
NBC news

President Donald Trump said this week that tariffs on U.S. neighbors Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well.

The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater than the $643 billion in commerce that the U.S. did with China in that same year.

Following are just a few imported goods that could be hit first.

redredred · M

@Carazaa so, your thought is that if we begin again to maximize US oil and natural gas production, gas prices will rise? Also, if we reduce fuel costs for farmers and agricultural products truckers, food prices will rise? Have you thought this through?