Part 6/7:
The central takeaway from the discussion is that tariffs are ultimately borne by the consumer. Every time a tariff is applied to a product, its cost escalates, which is then passed on through the supply chain until it reaches the end buyer. This necessitates a critical insight into trade policy and its impacts on everyday life.
American workers benefit from fair wages and better labor laws, which also means that domestically produced goods may inherently cost more. Therefore, a simplistic understanding that increasing tariffs will lead to cheaper, entirely American-made products fails to account for the complexities involved in production costs.