News Reporter@lemmy.wtfB to Economy@lemmy.world · 6 days agoTrump aide says tariffs will raise $6 trillion as White House readies planwww.washingtonpost.comexternal-linkmessage-square7fedilinkarrow-up113arrow-down11
arrow-up112arrow-down1external-linkTrump aide says tariffs will raise $6 trillion as White House readies planwww.washingtonpost.comNews Reporter@lemmy.wtfB to Economy@lemmy.world · 6 days agomessage-square7fedilink
minus-squareNigahigaYT@lemmy.worldlinkfedilinkEnglisharrow-up10·6 days 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-up5·6 days 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.