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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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REMsleep · 41-45, F
I don't believe that these few tariffs are the major cause of inflation. It's just the scapegoat.
The government can control alot of causes for inflation which they don't.
Many companies are price fixing these days and colluding and they aren't being called out for it which our government should do also.
AI tools are being used by various industries to price fix and many companies are claiming that they have a right to use industry standard tools.
Agriculture pricing has been fixed. The DOJ sued the AI stats company called AgriStats in 2023 for selling this data to big industrial companies like Tyson, Smithfield Farms etc for violating anti trust laws to keep food prices fair. They can all see in real time what each other is charging and set pricing.
Tyson alone is set to make 2.2 billion this year up from 1.8 billion last year.
That kind of growth doesn't have to do with tariffs.
It has to do with monopolies and price fixing.