It’s not a tax on anyone. It’s a fee on trade for a company. If any company tries to pass on a 50% cost, assuming they are not a monopoly, they’ll go out of business. Tariffs are not the same globally so that alone means another company in another part of the world can quickly find a way to under cut them. On top of that, a tariff while Trump is in office comes fully equipped with Trump pointing a gun at their heads saying things could always get worst for you. On top of that Trump is radically cutting back on regulations and giving ridiculously generous incentives for companies to build within the borders. What are economists not doing? Looking at anything beyond the word tariff. They are completely ignoring, enforcement, incentives and the fact that Trump is President and willing to use the full force of his authority. Would this work the same way if Bush, Biden, Obama, Vance were in power. No. How you use power matters. If Trump has proven anything he has proven that.
Post of the Month!!