4 ms·
We already know what will happen. The US goods will be priced to match the price of foreign goods with tariffs and zero money will be spent investing in future
by hedora 2y ago
We already know what will happen. The US goods will be priced to match the price of foreign goods with tariffs and zero money will be spent investing in future production capacity in the US.
We know this will happen because it is what always happens when countries impose punitive tariffs on foreign goods. Later, the domestic industry collapses and the tariffs are lifted.