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That's way too simplistic. When a tariff raises the price of competition, everyone else raises their prices too. It just increases costs to consumers, and rais
by 20after4 1y ago
That's way too simplistic. When a tariff raises the price of competition, everyone else raises their prices too. It just increases costs to consumers, and raises government revenues.
- burnerRhodov2 1y agoYes, that is way to simplistic. You have to look at the elasticity of demand across every component to determine the correct ratio. What i can tell you, as a GSM, from a CapEx perspective, sensors, motors, cables, and batterys made in the US just got significantly more competitive. It was already trending that way due to JIT demands and rapid factory buildouts, but the tarrifs were a huge marketing boon for american supply chains. And i can tell you for the first time as someone in the supply chain business i can confidently ask the question "Should we be buying this bolt from Insert country here?". It's almost like i've been given the authority to source products from the United States even if we are paying some percent higher.