this post was submitted on 28 Jan 2025
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To be fair, we mostly have examples of how free trade reduces prices. But this reduction in prices usually wasn't instantaneous and perceivable by ordinary folks. Because corporations wouldn't hand out the savings to consumers until the very slow market force of competition forced them to. Tariffs will make everything more expensive and even if they are eventually culled, stuff will not become suddenly cheap again.
I agree, I doubt very much that price savings for any reduction in Tariffs will be passed onto the consumer. However any increase in Tariffs will immediately be felt.
I’d rather see an increase in a single sector such as microchips to show the public the costs of Trump’s plan in real modern dollars to help build opposition. Than wait until he pushes an across the board Tariff. Which would likely result in a stagflation for the population at large.