A threat of a 25 percent tariff on Canadian and Mexican exports is likely to depress the value of the Canadian dollar even further, making it even cheaper to shoot up north — and sticking it to Gavin Newsom's plan to staunch a California production exodus.
The issue is that nobody trusts corporations/capitalism.
Companies will have to increase prices due to tariffs because the line has to go up.
And when trump implements tariffs and the (if) he folds, the prices won’t go back down. They will stay at that level. Because suddenly, C-suite get to show a huge line-go-up and they get to receive a huge bonus that reflects this 25% (well, lower. But the required rise due to tariffs suddenly being free real-estate) profit increase that they pull out of their ass.
The issue is that nobody trusts corporations/capitalism.
Companies will have to increase prices due to tariffs because the line has to go up.
And when trump implements tariffs and the (if) he folds, the prices won’t go back down. They will stay at that level. Because suddenly, C-suite get to show a huge line-go-up and they get to receive a huge bonus that reflects this 25% (well, lower. But the required rise due to tariffs suddenly being free real-estate) profit increase that they pull out of their ass.