My father in law was just bragging about how the treasury earned over $100B in tariffs so far as though it’s not just foreign companies importers passing that cost on to consumers.
It’s literally just a $100B sales tax hike. So far.
Edit: yeah, the cost is paid by importers, not exporters. So it’s literally a tax on US-based importers passed on to US consumers.
It isn’t foreign companies. The AMERICAN company that imports the goods pays the tariff then passes that cost on to the American consumer. Tarrifs are a tax on the poor that are being used to give tax breaks to the rich.
My father in law was just bragging about how the treasury earned over $100B in tariffs so far as though it’s not just
foreign companiesimporters passing that cost on to consumers.It’s literally just a $100B sales tax hike. So far.
Edit: yeah, the cost is paid by importers, not exporters. So it’s literally a tax on US-based importers passed on to US consumers.
It isn’t foreign companies. The AMERICAN company that imports the goods pays the tariff then passes that cost on to the American consumer. Tarrifs are a tax on the poor that are being used to give tax breaks to the rich.
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Don’t be shocked, but I think your father-in-law might be an idiot.