That always seems to happen with this sort of protections. It's like when the government tries to incentivize people to buy electric cars by paying 25% of it (example from the climate bonus in Sweden, which was given for years), but what happens is that buyers actually end up paying just maybe 5% less as the car companies now can increase their prices and still sell the cars they produce while making more money.

Well yeah, that's the point. Its so factories paying local wages can now compete with factories overseas where wages are much lower.

> every time tariffs were raised the local producers increased prices to be just below the imports.

That's literally how tariffs are supposed to work. I'm confused about what you thought should happen?

Local producers are supposed to raise prices so there is more money for worker pay or business reinvestment or both.

I also don't think it's enough to justify moving manufacturing to the US. The investments are to high, especially for something that might only last for four years. The US also doesn't have enough workers, so wages would increase.

Count on it. Especially after Trump (AKA we the taxpayers) gave the oligopolies and monopolies huge corporate tax handouts, for which they thanked us with massive price hikes and the current "inflation."

Oh, and of course there were Trump's tax hikes on middle-class Americans to boot.

What a mind-blowing betrayal and mess.

Yes that will invariably happen, barring price controls.

This is expected and normal? Demand for locally sourced goods will skyrocket which means prices should as well. What you are leaving out is that the US is well capitalized and those sky high prices will be a strong incentive for more competitors to join the market. With competition in place prices will eventually fall. Prices will likely never go back as low but at least our fellow countrymen will be employed, housed and hopeful instead of on the streets doing fentanyl.