this post was submitted on 30 Mar 2025
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Economy

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[โ€“] PP_BOY_@lemmy.world 10 points 3 days ago (1 children)

Tariffs only raise the money that people pay for. How many folks are just going to pay +25% more for anything than just buckling up and buying less?

[โ€“] jacksilver@lemmy.world 5 points 3 days ago

Read another way, what part of the population does he think has $6 trillion sitting around?

The more likely outcome is decreased spending and either deflation or stagflation as the economy shrinks.