> I don't know if increased volume will decrease the prices by much, they're only higher than premium imports by a little bit.
I don't think its reasonable to expect lower prices for domestic production at all, because the demand for domestic products is only going up (from people that used to buy Vietnamese Nikes).
Personally I think the whole tariff experiment is predictably going to fail, because "increased self sufficiency" does not buy you anything, and at some point people are just gonna push back politically if the cost increases get too bad.
I've had it explained to me that now that manufacturers won't sell to China because of retaliatory tariffs, they're more product to sell domestically which would push down prices. Less demand due to tariffs from China = lower prices.
I also think the argument is bad in general, because more/similar exports than imports would only really hold for the countries least affected by the new tariffs, anyway.
I don't think its reasonable to expect lower prices for domestic production at all, because the demand for domestic products is only going up (from people that used to buy Vietnamese Nikes).
Personally I think the whole tariff experiment is predictably going to fail, because "increased self sufficiency" does not buy you anything, and at some point people are just gonna push back politically if the cost increases get too bad.