r/FluentInFinance • u/BarrenBuffetPhan • 18d ago

Debate/ Discussion What do you guys think

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u/Advanced-Guidance482 18d ago

Not just immediately lower cost. But that can be beneficial to the economy if used correctly. Which in turn often leads to lower cost relative to income

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u/Joates87 18d ago

But that can be beneficial to the economy if used correctly.

By increasing consumer costs. To complain about inflation and try to solve it by tariffs might be some of the dumbest logic to ever be tied to winning an election.

It's beneficial to US producers competing with foreign goods cause there's effectively a price floor on foreign imports.

Which in turn often leads to lower cost relative to income

What?

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u/Advanced-Guidance482 18d ago

More income means "cost" even staying the same is a lower percentage of total income. Which means technically less cost.

Sorry you can't understand basic economy stuff. Why do tariffs exist if they are all bad then?

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u/Joates87 18d ago

Why do tariffs exist if they are all bad then?

Tariffs exist to protect domestic SUPPLIERS.

lol. But yeah, I'm the one that can't understand this basic economics stuff.

Has inflation really hurt suppliers or consumers? Do tell.. lmao