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

@Entwistle Yes, that is true.

@Entwistle my math according to your analysis the consumer saves $4 in case you missed it 12-8 is 4 so they save that amount genius isn’t it

@Prison1203 No,the consumer still pays $8. He initially paid that for a foreign made,imported tee shirt..before the tariff was applied.
The consumer saves no money..as he won't pay $12 for the imported tee shirt.

@Entwistle I suggest that you read your post, where you say that a local makes the shirts and charges $8 and the Canadian shirt cost $12 and the consumer pays for the local guys shirt so he won’t buy the $12 shirt so he in essence saves $4 because he doesn’t buy the tariff shirt and that manufacturer in Canada goes under. That’s actually making jobs for Americans and opens a new market for them

@Prison1203 You seem to lack comprehension skills.
Nowhere did I say the consumer would continue to buy the tee shirt that now cost $12..(although that option would be available to him).
I was noting that the consumer used to pay $8 for the imported tee shirt but NOW he will pay $8 for locally made tee shirt. Therefore he has made no saving whatsoever.

@Entwistle he saved $4 from not buying the $12 shirt if he was planning on buying a bunch of them prior to the tariffs and had paid for them prior to the tariffs and then he gets hit with them being $12 now, he could cancel that order and buy local therefore saving money , so you get it now ?

@Prison1203 You really are a bit special aren't you?
Nowhere in my equation was he prepared to pay $12 for the shirt..he could have done if he had wanted to though.
However he now buys his $8 shirts from within the USA...he used to pay $8 for the imported one..now he chooses not to pay $12 for the tariffed shirt..yet he still pays $8..so for him no saving has been made. Hope this helps you Einstein!

@Entwistle I guess don’t under the concept that the guy purchased a lot of shirts at the $8 price point and then that company tried to o er charge him $12 per shirt after the tariffs which have Ben paused. Btw so he cancelled the tariffed order and bought locally and saved money. You really are a helmet wearing window licker aren’t you

@Prison1203 Dude perhaps you shouldn't drink on an empty head?

@Prison1203 You're assuming the local supplier will continue to sell at $8. If the imported t-shirt is $12 then the local supplier can easily increase prices go $10-11 and increase their profits. That's what you call Capitalism!