Comment on US appeals court finds Trump's global tariffs illegal
Pofski@lemmy.world 5 weeks agoIf history is any guide, the situation is already settled. Prices won’t return to their pre-tariff levels. Once tariffs are implemented, they tend to stick. Even if they were removed now, most companies have learned that consumers are willing to pay at these higher prices. At best, prices might drop slightly, but they will remain within high profit margins. Businesses will justify this by claiming that global trade has simply become more expensive. In short, things will never go back to the way they were.