Trump and tariffs, a reminder of who pays, and its' effect on inflation.
Increasing tariffs increases inflation and household costs, who woulda thunk Donald.
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"....Trump... Mexico will pay for it....I wonder if his groupies would have cheered as loud if they understood that it is the US people that pay the tariffs on imported goods from Mexico....Glug Post #: 50208762"
Trump’s Tariffs Plan Would Raise Prices for Americans, Model Shows Protectionist plan also would hit economic growth, model shows Republican pledges 60% duty for China, 10% for rest of world 3 April 2024
Trump’s plans would leave consumer prices 2.5% higher and gross domestic product 0.5% lower after two years, according to the model.
