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RE: An Example of Free Trade Versus Tariffs

in #money6 years ago

At some point, the consumer will find the price of watermelons too expensive and will not purchase them.

I have already made the decision not to purchase watermelons just yet because they are too expensive. When the watermelons grown locally come to market, I will see what the prices are then.
The tariff on watermelons may just give the local growers an incentive to raise their prices too.

There are few winners when tariffs are applied.

Have a great week!
Steem on,
Mike