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Who Is Paying for Trump’s Tariffs?
BySHARE
Imagine a president boasting about how he raised your cost of living. Or how he made it more expensive to produce goods at your factory. Imagine that president standing at a lectern under the stars and stripes, smiling and beaming pride, as he announces he’s reduced your real income and impeded your company’s ability to compete at home and abroad. Of course, that is exactly what tariffs do.
But the pols never put it that way. Instead, they tell you that tariffs are needed to protect upstanding American producers from predatory foreign enterprises intent on cornering the market and stealing U.S. jobs. Or that tariffs are imperative to protecting an industry that is vital to national security. Or, as President Trump sees it, that tariffs generate revenue for the Treasury—a pay-to-play cash cow financed by foreign producers that previous presidents weren’t tremendous enough to figure out how to exploit.
But wait, who really pays?
Yo Ragey still adding up all of Canada’s dairy tariffs cash?
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