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In reality, when a tariff is imposed on a commodity like steel or aluminum, domestic firms generally just raise their prices proportionately - or slightly less - and simply reap the benefit of higher margins. Why wouldn't they? Who pays for that? We consumers do. And this is obviously inflationary in nature.
It's a zero-sum game. Potentially negative overall, in fact.
Further, this is going to come to roost in Tennessee. Firms like Jack Daniels have already been caught up in the trade war. The EU just set a date for the imposition of an additional 50% tariff on liquor imported from the US. This will definitely cause a major loss in sales for JD... just like it did when the same thing happened during Trump's first term.
This is why most economists agree that most tariffs simply don't work.