re: tariff inflation discourse, it's worth mentioning again that if tariffs *don't* raise prices, then there's no way they "incentivize" domestic production The mechanism by which they're supposed to re-shore industry is by increasing prices for imported goods and reducing trade

There's all sorts of problems with the idea that raising prices for imports will re-shore production (for one, raising prices for parts will hurt domestic production). But if the Trump admin's position is "tariffs don't raise prices for imports" they clearly can't help industry