alt Hacker News> 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.
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ZeroGravitas • 04/03/2025
No, the foreigners pay the tariffs. Then that foreign money gets spent on childcare and other things Americans need and want.
How many times does Trump need to explain this to you?
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Or, you know, profits.
Capitalists only care about profits.
I live in a country where we have many protectionist tariffs and the locally produced goods are expensive and lower quality compared to imported goods which guarantees profits at the expense of consumers.
I don't understand why people still believe in this day and age that wages will ever increase despite data showing the opposite for literal decades.