this post was submitted on 10 Mar 2025
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Explain Like I'm Five
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They said 'for pleebs' not business patriarchs. For 'pleebs' the answer is:
For each thing you want to buy, ask, 'is this, and and every part that makes it, from my country or one of the ones we don't have tariffs with?' If no, price increase. If yes, no change or maybe a small price increase. (if tariffs push the international product's cost higher than the domestic's, the domestic producer may choose to expand their profit margin rather than maintain previous prices)