Toro
Diamond Member
Tariffs are taxes. When tariffs go up, prices go up as businesses pass on the increases to you. Trump’s trade taxes have cost the American consumer $69 billion thus far.
Businesses have captured most of that, but as any Economics 101 student knows, there is a deadweight loss to the economy. This is why 99.99999% of economists oppose tariffs.
That deadweight loss to the US economy has been about $7 billion.
U.S. Consumers Hit Hardest by Trade Tariffs, Studies Find
Businesses have captured most of that, but as any Economics 101 student knows, there is a deadweight loss to the economy. This is why 99.99999% of economists oppose tariffs.
That deadweight loss to the US economy has been about $7 billion.
U.S. Consumers Hit Hardest by Trade Tariffs, Studies Find