Comment on Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics

kryptonianCodeMonkey@lemmy.world ⁨17⁩ ⁨hours⁩ ago

What do you mean “likely pushing up cost of electronics”. That is the literal point of a tariff, to push the process up and make competing goods more appealing to consumers. The only way it doesnt raise prices is if importers just eat the cost, which they will almost certainly not do and, frankly, shouldn’t do.

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