Don_Dickle to Explain Like I'm Five@lemmy.worldEnglish • 2 months agoELI5 How does a tariff against a major trading partner effect the common pleebs?message-square16fedilinkarrow-up121arrow-down12
arrow-up119arrow-down1message-squareELI5 How does a tariff against a major trading partner effect the common pleebs?Don_Dickle to Explain Like I'm Five@lemmy.worldEnglish • 2 months agomessage-square16fedilink
minus-square@SolidShake@lemmy.worldlinkfedilinkEnglish9•2 months agoI think you’d be surprised at how many businesses don’t like any sort of income loss. So the consumer pays the full tariff every time. The lemonade is now $1.50
minus-squaresunzu2linkfedilink2•2 months agoIf demand is inelastic… Sure… Food rent gas But people can easily either not buy or find a substitute for lemonade lol… That’s bow free markets generally work Electronics can be used until they break!
minus-square@SolidShake@lemmy.worldlinkfedilinkEnglish4•2 months agoNon tariff lemonade is $2 because it’s local and “organic”. And it’s not gross Commie lemonade.
I think you’d be surprised at how many businesses don’t like any sort of income loss. So the consumer pays the full tariff every time. The lemonade is now $1.50
If demand is inelastic… Sure… Food rent gas
But people can easily either not buy or find a substitute for lemonade lol… That’s bow free markets generally work
Electronics can be used until they break!
Non tariff lemonade is $2 because it’s local and “organic”. And it’s not gross Commie lemonade.