That’s not how tariffs work, it’s the USians paying and the tariffs go to the US government (‘it’s not taxes’, said like Arnie Shwarzenegger going ‘it’s not a tumor’). World still going OK, but chuckling if they know. Every TACO 100% tariff is US inflation.
Trump: “if you want to do business with the US you will have to pay the tariffs”
The world: “OK.”
Trump: “But I was promised you needed US?”
World: “No, it was just convenience.”
That’s not how tariffs work, it’s the USians paying and the tariffs go to the US government (‘it’s not taxes’, said like Arnie Shwarzenegger going ‘it’s not a tumor’). World still going OK, but chuckling if they know. Every TACO 100% tariff is US inflation.
Tarrifs still put trading partners at a disadvantage because it becomes cheaper to source from non-tarrifed countries.
Aye, see also sanctions (not the same, but similar), still paid by the tariffing country
It’s everyone paying.