Summary
Fox News host Julie Banderas warned that President-elect Donald Trump’s proposed tariffs—25% on products from Mexico and Canada and 10% on those from China—could significantly raise costs for Americans, as many businesses rely on foreign goods.
While some companies are shifting to U.S.-based suppliers or stockpiling goods ahead of the tariffs, Banderas noted that buying American often results in higher prices.
She highlighted that the financial burden would likely fall on consumers, questioning, “Who’s going to pay for that? We are.”
Economists have also warned of inflation risks.
Life is not Factorio, brah. You can’t just plop a factory down and start production. It will take a decade and cost billions. At which point a new administration will be here and will repeal the tariffs.
Repealing tarrifs doesnt work like that. The countries we tarrif will do the same right back, and wont be eager to repeal them.
Goods will be more expensive forever
Honda: Hold my sake
I get it for semiconductors, though. Unless there’s some loophole for the parts inside of devices, we’re kinda boned.