if americans have to pay more for products, that eats into their income, this will decrease further spending/investment. tariffs increase the price of foreign goods and services, this will increase prices. the best case scenario is that the exporters decide to absorb the addition transaction costs themselves rather than pass it on to customers. however, this only means the exporter makes less profits which means they spend and invest less, which decreases income, etc. this will eventually ripple its way to the usa as the exporter all people who benefit from the exporter directly or indirectly will spend less on us products and services. > domestic impatiens have cost curve a utilizing only domestically produced inputs not only is this irrelevant, but it's also false. we live in a globalized economic system, and have lived in one for many centuries now. this is not going to stop, in fact, it's going to intensify as a matter of necessity.
Canada