Your comment insinuates that people complaining about tariffs are disconnected from those living in poverty, but thinking that those living in poverty won't be affected by prices going up around the board is a much bigger disconnect.
And what are they gonna do when their car breaks down catastrophically? Buy a used car? The prices of those will skyrocket once the price of new cars goes up.
Then really desperate people will steal cars as the value of them, and used parts start to skyrocket.
It doesn't even take half a brain cell to see how this works.
All of which are going to get a lot more expensive, too. We all swim in the same pool here.
That is a stated goal of the administration.
As of the time of this writing WTI is down nearly 7%. Expected, goal seeked and by design.
But again you’re missing all of the second-order effects, like people losing their jobs in the resulting contraction of demand.
You have a wildly simplistic view of the economy that ignores all of the well-understood second order effects that are inconvenient to your argument.
You don’t understand how interconnected the economy is.
You don’t really think that flour appears on the shelves at the store without any coupling to internationally-sourced goods, do you? The parts for the farm equipment, the steel for the buildings it’s stored in, the vehicles that deliver it to the store.
This idea of the economy as an ultra-simplistic 1:1 line between raw product and the supermarket shelves is not how the world works.
Ignoring that, you conveniently glossed over the part about their car breaking down. What happens now when their car does need new parts? Tires wear out?
It’s also absurd to claim that poor people don’t enjoy things like access to cheap cellular phones.
Frankly I know more poor people than you pretend to know and the reality is that they are going to suffer far more under these tariffs than anyone else. All that stuff they buy at dollar tree because they have no other options are imported from all over the world because that's the cheapest stuff available.
I think things will get ugly for the poorest people in society, but I am curious at how things will get ugly exactly.
I don't think price increases due to tariffs will be the worst if it. I think the perfect storm of higher prices, lower economic activity due to the halt in global trade, poor stock market perform performance, and ultimately economic contraction will result in mass layoffs, companies going out of business, and high unemployment rate.
Suddenly people won't even be able to find that odd job anymore.