Behind closed doors, our top CEOs say Trump is bad for business and it's time to Make America into America Again | Fortune
AxExRx @ axexrx @lemmy.world Posts 0Comments 52Joined 2 yr. ago
AxExRx @ axexrx @lemmy.world
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The final step isnt buying on an equal footing as your competitors, its paying a bribe to be tariff exempt, then continuing to sell at tariff inclusive pricing.
The whole tariff scheme was designed as a way to price smaller competitors out of the market, allowing consolidation of market share by the wealthy, while providing cover for price hikes against consumers. Just like covid price hikes, If trump abandoned tariffs today, very few products would return to their prior pricings.