Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 21 hours agoIf Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with?message-squaremessage-square78fedilinkarrow-up1171arrow-down113
arrow-up1158arrow-down1message-squareIf Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with?Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 21 hours agomessage-square78fedilink
minus-squareryedaft@sh.itjust.workslinkfedilinkEnglisharrow-up3arrow-down1·16 hours agoThey’ll want to make the same profit margin (if they aren’t changing the way they do business) so if the margin is 10% the price would go up 27.5 dollars in your example. Wait, is my math right?
minus-squareintensely_human@lemm.eelinkfedilinkEnglisharrow-up1·8 hours agoActually they’ll want to make more profit margin. They want to make as much profit margin as possible.
They’ll want to make the same profit margin (if they aren’t changing the way they do business) so if the margin is 10% the price would go up 27.5 dollars in your example.
Wait, is my math right?
Actually they’ll want to make more profit margin. They want to make as much profit margin as possible.