Post #25610 by ptheland on the US Policy board

If someone appears to be repeatedly personal, lean towards patience as they might not mean offense. If you are sure, however, then do not deepen the problem by being negative; instead, simply place them on ignore by clicking the unhappy yellow face to the right of their name.

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For all but purely inelastic goods, both consumers and producers will bear some of the cost of the tariff.

I would argue that cell phones are pretty inelastic. And there aren't a lot of choices for producers of microchips and other electronics. So they're pretty inelastic as well.

I also pointed Michael to microeconomics in an earlier post to gain an understanding of the details.

But more generally, a significant tariff on virtually everything imported from China--which is my understanding of Trump's proposal--would cause disastrous effects on the US economy. I went into that up thread, but it would almost certainly cause significant inflation in consumer goods, with no corresponding inflation of wages.

--Peter

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