Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 1 day agoELI5 How does a tariff against a major trading partner effect the common pleebs?message-squaremessage-square16fedilinkarrow-up120arrow-down10
arrow-up120arrow-down1message-squareELI5 How does a tariff against a major trading partner effect the common pleebs?Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 1 day agomessage-square16fedilink
minus-squareSolidShake@lemmy.worldlinkfedilinkEnglisharrow-up9·23 hours agoI think you’d be surprised at how many businesses don’t like any sort of income loss. So the consumer pays the full tariff every time. The lemonade is now $1.50
minus-squaresunzu2@thebrainbin.orglinkfedilinkarrow-up2·23 hours agoIf demand is inelastic… Sure… Food rent gas But people can easily either not buy or find a substitute for lemonade lol… That’s bow free markets generally work Electronics can be used until they break!
minus-squareSolidShake@lemmy.worldlinkfedilinkEnglisharrow-up4·23 hours agoNon tariff lemonade is $2 because it’s local and “organic”. And it’s not gross Commie lemonade.
I think you’d be surprised at how many businesses don’t like any sort of income loss. So the consumer pays the full tariff every time. The lemonade is now $1.50
If demand is inelastic… Sure… Food rent gas
But people can easily either not buy or find a substitute for lemonade lol… That’s bow free markets generally work
Electronics can be used until they break!
Non tariff lemonade is $2 because it’s local and “organic”. And it’s not gross Commie lemonade.