William Lindsey :toad:“The vast majority of us will be worse off. It’s not that complicated: Tariffs are a tax. Some of that tax will be eaten by the foreign producer… some of it will be eaten by the importer. But a big chunk of it will be paid by American consumers.”
~ James Surowiecki
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
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https://zeteo.com/p/people-will-become-destitute-trumps-tariffs-backfire
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