It is only the beginning of the inflation.
The tariffs are paid by the consumer in the importing country. Are there anyone in the US believing the opposite insisted by the president?
That huge tariffs will be spent to the tax break for rich people. I hear the government is running austerity which brings about spending cuts for social security like Medicaid.
Of course, the huge tariffs by the US government would destroy the free trade in the world. It may cause the Great Depression in the world. In that context, the other countries than the US may suffer much from this solitary protectionism. It is, however, still the US people who will be in the greatest difficulty due to this huge tariffs.
Do you still believe the tariffs would be paid by the exporting countries?
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