Wow…. if we could just educate all Americans on how tariffs work - trump would be out of running. I had a civics class in high school that covered tariffs but my adult daughters had no clue. Obviously this young man didn’t either. So all the people listening to the Trump Tariff Lie need a REALITY CHECK ASAP!
In theory, tariffs would force companies to use their own country's resources rather than outsource them to China or Bangladesh or wherever manufacturing is cheap, but unfortunately all it does is drive up prices. Alternatively, people commit fraud by buying from China, having it shipped to another country, and then shipped to the US. There was some big shot developer who got busted doing that not too long ago, he owed like $10 million in tariffs!
@Jezibaba And after the US company pays the US govt for the Tariff on Chinese goods….
The US companies raise the price of those goods to the consumers (you and me) to reimburse the US company for the tariff cost they had to pay the US govt.