Addressing Mr McGlone's comments: the US is a net importer, not a net exporter. This means that if Trump wins and increase/adds tariffs, consumers will be worse off leading to probable deflation as they spend less on imports. However, higher tariffs will lead to higher prices set by those US companies competing against imports with locally produced products.
Addressing Mr McGlone's comments: the US is a net importer, not a net exporter. This means that if Trump wins and increase/adds tariffs, consumers will be worse off leading to probable deflation as they spend less on imports. However, higher tariffs will lead to higher prices set by those US companies competing against imports with locally produced products.