News Reporter@lemmy.wtfBannedB to Economy@lemmy.world · 1 year agoTrump aide says tariffs will raise $6 trillion as White House readies planwww.washingtonpost.comexternal-linkmessage-square7linkfedilinkarrow-up113arrow-down11
arrow-up112arrow-down1external-linkTrump aide says tariffs will raise $6 trillion as White House readies planwww.washingtonpost.comNews Reporter@lemmy.wtfBannedB to Economy@lemmy.world · 1 year agomessage-square7linkfedilink
minus-squareamniotic druid@lemmy.worldlinkfedilinkEnglisharrow-up10·1 year agoTariffs only raise the money that people pay for. How many folks are just going to pay +25% more for anything than just buckling up and buying less?
minus-squarejacksilver@lemmy.worldlinkfedilinkarrow-up5·1 year agoRead another way, what part of the population does he think has $6 trillion sitting around? The more likely outcome is decreased spending and either deflation or stagflation as the economy shrinks.
Tariffs only raise the money that people pay for. How many folks are just going to pay +25% more for anything than just buckling up and buying less?
Read another way, what part of the population does he think has $6 trillion sitting around?
The more likely outcome is decreased spending and either deflation or stagflation as the economy shrinks.