marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,535
There are at least three results...
The first is that the increased costs from tariffs will be passed on to consumers. These costs will be substantial.
The second is that some domestic manufacturers may review where they manufacture if tariffs make them less competitive in domestic and foreign markets. Mexico, Thailand, Cambodia, etc. There are already examples of this.
The third is that there will be increasingly large subsidies required, demanded, and provided in parts of the agriculture sector.
Then again, we might find that all this gets resolved over the next few weeks and in a few months we forget it ever was a concern.