this post was submitted on 14 Nov 2024
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Summary

Americans, frustrated by high grocery prices, are looking to President-elect Trump for relief. Trump has pledged to lower food costs through tariffs on imports and by reducing energy prices, arguing that these measures would benefit U.S. farmers and consumers.

However, experts warn that tariffs could drive up prices by increasing costs for imported goods essential to food production and risk retaliatory tariffs on U.S. exports.

Economists also doubt Trump’s short-term impact on energy costs, noting that sustained grocery price drops are challenging without major economic shifts.

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[–] Jinni@sh.itjust.works 21 points 3 days ago (5 children)

Anyone who understood what tariffs are could of told you this. Harris may not of had any economic plans other than ctax the 1%', but Trump's was demonstrably counter productive with tariffs

[–] HappycamperNZ@lemmy.world 8 points 3 days ago (4 children)

Let me put it there for those idiots.

Tarrifs on food imports would be great for US farmers because they no longer have to compete with low priced imports, as the cost to import increases. You would induce a shortage at the current price point, resulting in less food avaliable and at a higher price.

Small point - farmers would probably still miss out as resellers and supermarkets take much of the marginal profit.

On the other hand, with all of their workers having been deported, farmers wouldn't be able to produce anything at all. This is why I want to believe that Republican talk of deportation is just bluster, but I thought that about Roe v. Wade as well.

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