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Hmm. Of course if you put tariff on imported cars, more cars will be manufactured here. That is a given to me. “More cars were manufactured here”, however, does not speak to whether prices were increased as a result.Say Kia is manufactured in s Korea (I am not sure if that is the case). Right now competition with Kia keeps us manufactured prices low. Now say Trump puts 100% tariff on Kia. Then Kia will be priced out of competition. People stop buying Kia and because of lack of competition us manufactured car companies will increase prices.Again, I m not that well versed in macro economics but that is what logic tells me.
Hmm. Of course if you put tariff on imported cars, more cars will be manufactured here. That is a given to me. “More cars were manufactured here”, however, does not speak to whether prices were increased as a result.
Say Kia is manufactured in s Korea (I am not sure if that is the case). Right now competition with Kia keeps us manufactured prices low. Now say Trump puts 100% tariff on Kia. Then Kia will be priced out of competition. People stop buying Kia and because of lack of competition us manufactured car companies will increase prices.
Again, I m not that well versed in macro economics but that is what logic tells me.
