Well all of it has to come back to the exporters (we pay it all, as trump always says) /s
I know the current thought process is that the US consumer pays this, but I know of exporters that have been told by the big chains in the US that told the exporter to take a hit because they feel that they cant pass on all of the tariff to the US customers
So not only is he fucking with you, but also with the rest of the world:
US customers pay more and buy less
Exporters get bullied by large US importers
Exporters get stung twice, Less sales and lower margins
Exporting countries economies suffer because you fuckers let that fuck-wit in again
The tariffs are essentially an unpredictable tax on consumers and companies. Mostly it’ll be the consumers but if companies are effectively bullied into eating some of the tax and reducing their profits, it’s a corporate tax on them. Of course the GOP says it’s completely against new taxes on anyone and especially corporate profits, but that’s what the tariffs are. Being unpredictable and changing due to bullying or political influence - or lack thereof - is much worse for the markets in general.
Well all of it has to come back to the exporters (we pay it all, as trump always says) /s
I know the current thought process is that the US consumer pays this, but I know of exporters that have been told by the big chains in the US that told the exporter to take a hit because they feel that they cant pass on all of the tariff to the US customers
So not only is he fucking with you, but also with the rest of the world:
/end rant
The tariffs are essentially an unpredictable tax on consumers and companies. Mostly it’ll be the consumers but if companies are effectively bullied into eating some of the tax and reducing their profits, it’s a corporate tax on them. Of course the GOP says it’s completely against new taxes on anyone and especially corporate profits, but that’s what the tariffs are. Being unpredictable and changing due to bullying or political influence - or lack thereof - is much worse for the markets in general.