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2 months agoBeen a while since econ 101 but I think tariffs are calculated as a cost of production shifting the supply curve to the left and also decreasing demand which shifts the demand curve to the left as well which should result in a nearly net zero impact for the company itself.
Anecdotally, avocado prices have plummeted in Canada due to American demand “decreasing” resulting in excess supply.
That’s actually wild. I don’t doubt it because more than a few wrenches were tossed into the supply chain but avocados in my specific city have been dirt cheap for a few months