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People will definitely cheer when you lower prices. Businesses will push back, but that's also difficult since "we want to keep prices high" isn't a good lock.
by jfengel 1y ago
People will definitely cheer when you lower prices. Businesses will push back, but that's also difficult since "we want to keep prices high" isn't a good lock. They have other ways to apply pressure, but it's (roughly speaking) a level playing field.
It's only possible to have tariffs now because people don't grasp the consequences. When prices go up, the tariffs will be less popular.