Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
Sprokes @ Sprokes @lemmy.ml Posts 2Comments 50Joined 2 yr. ago
Sprokes @ Sprokes @lemmy.ml
Posts
2
Comments
50
Joined
2 yr. ago
That's how it works. Imported products will be much expensive and local products will be able to compete and people will buy them instead of the ones coming from China.
That is the theory, but are there local products for the things that the US is importing? I don't think so. Also local companies may just align their prices with the imported stuff.