(Bloomberg) -- Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeUS consumers face “significant consequences” from President-elect Donald Trump’s proposed tariffs on Canada, according to Goldman Sachs Group Inc.,
I doubt it will work that way, but there is hope that the tarrifs in the USA cuts demand enough for the rest of the world to see prices going down. As not an American, that would be nice.
That usually raises prices.
I think @Kaput@lemmy.world may have meant “increases supply” instead of “cuts demand.” Or maybe meant that the demand from the US market would decrease.
Less sales to the US market means that the rest of the world will have greater supply available. That would bring prices down outside the US.
Exactly, wouldn’t that be ironic that the tarrifs paid by American customers, lower the prices elsewhere. I don’t have much hope, but that’s a happy thought.
Probably won’t be enough to offset the global recession/depression that’s being teed up.
You are not a fan of happy thought I see. I ll have to fall back to nihilism.