CNN - They’re effectively a tax on imported goods — clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn’t speculation or theory, it’s just the way tariffs work.
Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump’s tariff plan would be that he’s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don’t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
1
A quick primer on trump tariffs:
CNN - They’re effectively a tax on imported goods — clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn’t speculation or theory, it’s just the way tariffs work.
Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump’s tariff plan would be that he’s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don’t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
But you don’t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
Hot Forum Topics
