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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Carlam · 70-79, F

That's a good point. Tariffs can often have the opposite effect by raising prices rather than lowering them. In the case of maple syrup from Canada, if tariffs are imposed, it could increase the cost for both producers and consumers. It highlights the potential downside of using tariffs as a tool to combat inflation. Instead, focusing on supply-side policies or other measures that don't disrupt trade flows might be more effective in the long run.

Reason10 · 70-79, M

@Carlam You don't know what you are talking about. You obviously never took an economics class and have no idea what the Law of Supply and Demand is all about.

The Trump tariffs were used to get certain countries to start enforcing immigration law and stop dumping those animals into the US,bringing Fentanyl with them.

And the countries have caved before the tariffs were actually installed.