Most Trump tariffs ruled illegal by appeals court, dealing major blow to trade policy
Most Trump tariffs ruled illegal by appeals court, dealing major blow to trade policy
www.cnbc.com
Most Trump tariffs ruled illegal by appeals court, dealing major blow to trade policy
So what happens to the billions(?) of dollars that the regime stole from tax payers?
Oops. Gone.
Spent on installing the gestapo and concentration camps
Well all of it has to come back to the exporters (we pay it all, as trump always says) /s
I know the current thought process is that the US consumer pays this, but I know of exporters that have been told by the big chains in the US that told the exporter to take a hit because they feel that they cant pass on all of the tariff to the US customers
So not only is he fucking with you, but also with the rest of the world:
/end rant
The tariffs are essentially an unpredictable tax on consumers and companies. Mostly it'll be the consumers but if companies are effectively bullied into eating some of the tax and reducing their profits, it's a corporate tax on them. Of course the GOP says it's completely against new taxes on anyone and especially corporate profits, but that's what the tariffs are. Being unpredictable and changing due to bullying or political influence - or lack thereof - is much worse for the markets in general.