Jon,
I’m afraid you don’t understand. 1) yes prices will increase if policies of the seller survive, and the seller doesn’t acquiesce. 2) if you are importing goods that are cheaper because of labor arbitrage, then people with money are obtaining cheaper construction at the expense of people without the money to consume (which is our current position).
The USA is nearly autarkic. The only trading partners we need are mexico and canada – and China is the opposite.
Cheers
Reply addressees: @joncoopertweets
Source date (UTC): 2024-09-09 13:06:05 UTC
Original post: https://twitter.com/i/web/status/1833129750618849280
Replying to: https://twitter.com/i/web/status/1832944424097046857
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