dan@upvote.autoNews@lemmy.world•Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says
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20 minutes agoDo you think the EU would let the USA in? Even Australia isn’t part of the EU even though they compete in the Eurovision song contest.
I like how the headline says 2/3 of Americans “think” tariffs will lead to higher prices. The other 1/3 aren’t thinking at all.
Tariffs are passed on straight to the consumer. Demand for products from other countries isn’t going to suddenly disappear. Some things can’t be easily made in the USA, and sometimes the items made overseas are a higher quality product.
It’s like rebates - they very rarely benefit the consumer. Having a 30% rebate for solar panels is fine, but it means the prices are at least 30% higher than they should be, which is obvious if you compare US prices to European and Australian prices for identical systems.