7 ms·
I could be wrong but once tariffs are set to higher rates, it's extremely difficult to lower them by subsequent leaders
by lewisleclerc 1y ago
I could be wrong but once tariffs are set to higher rates, it's extremely difficult to lower them by subsequent leaders
- jfengel 1y agoPeople will definitely cheer when you lower prices. Businesses will push back, but that's also difficult since "we want to keep prices high" isn't a good lock. They have other ways to apply pressure, but it's (roughly speaking) a level playing field. It's only possible to have tariffs now because people don't grasp the consequences. When prices go up, the tariffs will be less popular.