Yes this is so tariffs work and it’s a regressive tax on top of it because it impacts lower income people who spend a higher portion of their income on consumer goods.
Not only is it stupid, but it hurts the people who spend their money the fastest (velocity of money) it is economically the dumbest thing you can do
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Yes this is so tariffs work and it’s a regressive tax on top of it because it impacts lower income people who spend a higher portion of their income on consumer goods.
Not only is it stupid, but it hurts the people who spend their money the fastest (velocity of money) it is economically the dumbest thing you can do