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RE: Tariffs have a way of causing inflation too nt

Posted by GEO on February 12, 2025 at 16:12:54:
A tariff is a tax borne by the people in the country charging the tariff. If your supplier/import pays a 25% tariff and passes it on to you, are you going to eat it and shrink your margin? The idea is for the importer to find another source of supply. In that case, no tariff revenue is collected. The goal would be to bring back certain manufacturing processes here, but that takes time and money and with interest rates rising to fight inflation due in part to tariffs, that may be very difficult to get financed and paid for unless the government spends more money to subsidize construction projects. It's a slippery slope. We could be headed for depression. Tax cuts are going to add about $4 trillion to the deficit. Debt ceiling raised by $4 trillion (proposed budget). I am going to be fine because I am sitting on a pile or money. Most people aren't that lucky. If you are on a fixed income, you may be taking a haircut and then see purchasing power further compromised by inflation. Inflation is a killer for fixed income.