Presidents and administrations might not be able to dictate specific prices, but they can and do enact laws and regulations that influence or even define the economy. Trump’s proposed tariffs are expected –not just by economists, but by markets, as seen after the election– to raise prices and, if they are enacted and result in the predicted outcome, fingers should be pointed at his Orangeness.
Presidents and administrations might not be able to dictate specific prices, but they can and do enact laws and regulations that influence or even define the economy. Trump’s proposed tariffs are expected –not just by economists, but by markets, as seen after the election– to raise prices and, if they are enacted and result in the predicted outcome, fingers should be pointed at his Orangeness.
The President does not create laws, Congress does. The President can repeal laws, which doesn’t help in this context.
Tariffs are not laws. They are an additional tax, and you’re correct in stating that they certainly won’t lower prices.
The tariff establishes the market floor. Trump can enact tariffs without congress. It will be setting the economy on several market vectors.
If you don’t know how it works, don’t post troll content. #NotFeedingFurther #BrandolinisLaw