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> It doesn’t raise prices of domestic goods and actually increases demand for domestic goods. But domestic producers will surely increase their prices to match

> It doesn’t raise prices of domestic goods and actually increases demand for domestic goods. But domestic producers will surely increase their prices to match their foreign competitors’ tariffed prices.

ccorcos 2y ago
Not necessarily, if there's adequate competition and no collusion. I think of Costco's Kirkland products which have a capped profit margin, for example.
- Zamaamiro 2y ago
  Protectionism stifles competition.