174
If Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with? (lemmy.world)
submitted 2 weeks ago by Don_Dickle@lemmy.world to c/explainlikeimfive@lemmy.world
79 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] Rivalarrival@lemmy.today 22 points 2 weeks ago

you can’t male a $12 US widget any more because widget juice now costs twice as much

At my job, I turn $20 of raw material into 25 pieces I sell for $16 each. Double my material costs, and to break even, I have to make another $20 from the sale of those 25 pieces. I have to charge $16.80 instead of $16.

[-] funkless_eck@sh.itjust.works 36 points 2 weeks ago

it depends on what you make. Margins on food, farming, automobiles, oil and gas, medical devices tend to be pretty small, comparatively speaking. Which are all fairly critical industries.

this post was submitted on 27 Nov 2024
174 points (93.5% liked)

Explain Like I'm Five

14364 readers
162 users here now

Simplifying Complexity, One Answer at a Time!

Rules

  1. Be respectful and inclusive.
  2. No harassment, hate speech, or trolling.
  3. Engage in constructive discussions.
  4. Share relevant content.
  5. Follow guidelines and moderators' instructions.
  6. Use appropriate language and tone.
  7. Report violations.
  8. Foster a continuous learning environment.

founded 2 years ago
MODERATORS
sabbah@lemmy.world
AradFort@lemmy.world
rikudou@lemmings.world
Don_Dickle@lemmy.world
Rikudou_Sage@lemmy.world