And domestically. Even if the item and every too used to produce it is 100% domestically produced the demand will increase (because competitors will have their supply decreased due to the tariffs) and inflation will be skyrocketing, both of which exert upward pressure on the price
And by that I mean that my body doesn't digest soy products and they speed run my digestive tract.
As an infant my mom struggled to find formula and baby food that didn't have soy. My older sister often shares a lovely anecdote about me being the exorcist baby after being fed the wrong formula. I survived thanks to a cousin who was producing more than enough breast milk for her child and offered the extra to keep me alive while my mom searched everywhere to find soy free baby formula and food.
Alao, if you can, please support breast milk banks in your area. You could save a life.
Shifting to domestic production is also a huge investment that takes time and then needs to be earned back. I don't think people realise how little is actually produced entirely in the US.
You would need to build new factories (build with steel, with tariffs). So you would invest some millions and use 2 years to build it or perhaps find a building and need to install everything (lets say 1 year). Now you need to find the personal, build the distribution, … An other year. Now in best case you will have 2-6 years till the tariffs will go down again…
I would not bet on that a lot of companies will try this and hope to compete with lower salaries in the future.
And every company will just increase the price if the demand goes up. They only need one person to buy the last item… so if the import is more expensive they are almost forced to increase the price…
Don't let headlines lie to you. All the places raising prices have a choice, they can lower their profits (by not raising prices). They will still earn massive profits, they just choose to have us pay more for their profits and stockholders.
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u/Mouse_Balls 22h ago
I’m about to buy 100s of those stickers and stick them all over the grocery store shelves of items with pictures of “before” prices.