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by Aloisius 124 days ago
> ultimately lower-cost products

When has reduced competition ever resulted in lower-cost products?

Even for goods we already mass produce, companies respond to tariffs of their competitor's goods by hiking their own prices up.

1 comments

Reduced competition is a near-term affect. Demand will remain constant (or increase) for goods, so businesses will open and compete over the long-term. In the future it will be cheaper to purchase domestically produced goods vs. import them from half a world away...