I aint here to defend the tariffs, just provide some basic economic literacy. If alternative suppliers arent possible, why arent they charging more already?
If alternative suppliers arent possible, why arent they charging more already?
I’m not sure where the idea that they don’t already do this came from.
Produce prices fluctuate depending on whether the produce is “in season” or not. If something can’t be sourced locally or the local supply is reduced, the grocery store charges you more for it because of the additional costs in sourcing it from elsewhere.
Food aside, adding tariffs to everything imported is intended to disincentivize importing goods over domestic production. When demand exceeds domestic supply (and it will*), importing is still going to be necessary to meet that demand. The only difference between now and then is that right now the consumer isn’t paying a bonus fee for those imported goods.
*There is not a single industrialized country that is entirely self-sufficient and without imports.
I aint here to defend the tariffs, just provide some basic economic literacy. If alternative suppliers arent possible, why arent they charging more already?
I’m not sure where the idea that they don’t already do this came from.
Produce prices fluctuate depending on whether the produce is “in season” or not. If something can’t be sourced locally or the local supply is reduced, the grocery store charges you more for it because of the additional costs in sourcing it from elsewhere.
Food aside, adding tariffs to everything imported is intended to disincentivize importing goods over domestic production. When demand exceeds domestic supply (and it will*), importing is still going to be necessary to meet that demand. The only difference between now and then is that right now the consumer isn’t paying a bonus fee for those imported goods.
*There is not a single industrialized country that is entirely self-sufficient and without imports.