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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Reason10 · 70-79, M

Inflation is caused by too many dollars in the money supply. Too many dollars weakens the purchasing power of the dollar.
Too many dollars in the money supply is caused by DEMOCRAT WELFARE SPENDING.

Tariffs have NOTHING to do with the money supply.

ImperialAerosolKidFromEP · 51-55, M

@Reason10 And suppose every retailer everywhere decides to hike their prices %25 w/the same number of dollars in circulation. What would you call that?

carpediem · 61-69, M

@ImperialAerosolKidFromEP That doesn't happen. Maybe think for just a moment. The distribution of goods in the US flows through many hands. Most retail products are bought with margins in the 20-50% range. A tariff of 25% on wholesale goods does not relate to a 25% increase in retail prices. In addition, China has already been tariffed. They manipulated their currency to offset the tariffs and continued to sell into the US market. I suspect they will continue that course of action.

Canada will acquiesce and agree to better trade terms to reduce or eliminate the tariff. Most products we buy from them can and will be made in the US if the Canadian equivalent gets too expensive. They are seriously at risk.