Everything in the economy is interconnected. A tariff is a tax. If prices go up, there is less consumption. Less consumption results in less employment. Less employment means less tax revenues. It's a downward spiral.
Everything in the economy is interconnected. A tariff is a tax. If prices go up, there is less consumption. Less consumption results in less employment. Less employment means less tax revenues. It's a downward spiral.
Everything in the economy is interconnected. A tariff is a tax. If prices go up, there is less consumption. Less consumption results in less employment. Less employment means less tax revenues. It's a downward spiral.