It hurts everyone, the price shocks will be felt for years, and any gains that can be made won't matter.
Wage gains won't keep pace with any price increases either, Republican's have already outlined policies that are regressive to average Americans[0][1]
About the only thing tariffs will do is consolidate power at the top and allow the largest corporations to buy out smaller ones that can't cope as well.
We are remember, talking about broad spectrum tariffs here, which will hit any import, from food to solar panels.
[0]: https://www.jec.senate.gov/public/_cache/files/32a303df-1977...
[1]: https://www.usatoday.com/story/money/2024/10/30/trump-reduce...
That JEC doc doesn’t seem to mention tariffs?
Yes, prices will rise, the question is whether it will increase their leverage in the job market enough to boost their earnings enough to counteract the higher prices.
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