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Joined 2 months ago
Cake day: January 8th, 2025
  • Sunsofold@lemmings.worldtopolitics @lemmy.world•White House blasted by AP reporter for touting tariffs as 'a tax cut for the American people': 'Have you ever paid a tariff?'English
    6·
    1 day ago

    Well…

    First off, why do you want to stick of to Canada. They, by and large, have been good neighbors to the US. The only people who get angry at Canada are usually Canadians.

    That aside, limiting imports limits supply, likely increasing prices for whatever product has been limited. It’s not that different from the tariffs, as far as the consumer is concerned. The big difference is that it sets up a first mover benefit for the exporters/importers (if you get your whole supply across before the cutoff, you get to sell all of it, whereas later sellers might only be able to get part of their supply across. Faster companies benefit from this, to unknown effect.) as opposed to a capital/demand limit from the tariffs. (higher tariffs require higher prices, which often prices out some amount of people who would buy the item. Importers can try to narrow their unit margin or spend capital to sell more slowly. Companies with more capital can find it easier to afford either/both.)