HELP! Tariffs crashed my economy??
Hey guys so i need help.
I got my country to #1 world power. I wanted to make more money so imposed tarrifs on most goods (not oil tho) and suddenly my GDP fell off a cliff! The cost of goods has skyrocked and now most of my factories are unproductive because they can't afford input materials?? The standard of life of the lower strata has also dropped significantly (tbh i dont care about them that much) because their buying power has been destroyed by something ig??
Honestly what gives??? How can I fix this???? Would emargos on my neighbours help??
Edit; i am nolonger #1 world power because of this!! F##k!!
