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Or they raise the price. Then they just don't sell as much, leaving you to either consume less food or buy cheaper substitutes (retaliatory pork tariffs should
by mchannon 8y ago
Or they raise the price. Then they just don't sell as much, leaving you to either consume less food or buy cheaper substitutes (retaliatory pork tariffs should mean cheaper bacon back home, shouldn't they?).
Asked no serious manufacturer ever: "Gee, should I use this minor setback as an excuse to shut my entire operation down or slightly adjust my prices?"
New suppliers may spring up, or existing suppliers may change locales. The economic system is like a stream and tariffs are like a boulder. It'll flow around, under, and over. Sucks if you are splat upon the boulder, though.
- onion2k 8y agoWe're talking about food. You can't just put up a farm and start producing a few weeks later. Depending on the crop it can take years before a farm is productive. So no, new suppliers don't just 'spring up'. This sort of economic activity can lead to food shortages.
- frockington 8y agoThis is why the US subsidizes agriculture so heavily, so they can quickly spin up more farms
- tstrimple 8y agoIt's so that we have a surplus of farms and product and won't need to defy physics by spinning up new productive farms quickly. It's a buffer in case of emergencies and disasters.
- HeyLaughingBoy 8y agoOh, really? Where's all the farmland going to come from?
- frockington 8y agoThe United States? Can you clarify your question, I don't understand it.
- HeyLaughingBoy 8y agoYour comment assumes that there's all this fertile farmland just sitting around unused, ready to "spin up new farms." I'm disputing that and asking you where all the (unused) farmland is going to come from.