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stasomatic 12 hours ago

Hey, thanks for this comment. You seem to be knowledgeable about the topic and I am a moron.

What happens to consumer spending and associated tax revenue when imported goods cost significantly more? Let's take a hypothetical German auto brand that has no factories in the US (BMW, MB, VW have factories, not sure if Audi and Porsche are grandfathered in because of VW).

If a car that cost $100K before and now is $125K, it seems that the demographic that could afford that $100K will shrug and pay the higher price. Now, that's the well-off folks, a bit immune in this economy.

What other consumer goods with imposed new tariffs will cause less spending and shrink the economy instead? It seems that tariffs are a net loss, besides I guess in cases when they are used to prevent dumping.