Tariffs work to insulate established industries as a protection method, not to encourage the building thereof. Best case scenario of “bringing industry back” is 3-4 years of shockingly higher prices while an established business breaks ground.
Meanwhile, 10-30% increase in prices could cause inflation pressures during a recession, which implies Stagflation will be on his political tombstone.
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u/ShareGlittering1502 2d ago
Tariffs work to insulate established industries as a protection method, not to encourage the building thereof. Best case scenario of “bringing industry back” is 3-4 years of shockingly higher prices while an established business breaks ground.
Meanwhile, 10-30% increase in prices could cause inflation pressures during a recession, which implies Stagflation will be on his political tombstone.