The Deplorable Tariffs Are Paid for by Americans. Current administration admits it; data proves it

[RoryN]

Donnie brags about his bigly tax on American businesses and consumers all the time.

Americans Bear Almost All the Cost of Trump Tariffs, Study Shows

Thank you. Was just about to post this.

 

[Rotadom]

New study shows Americans paid for 96% of the economic illiterate's tariffs.

https://www.facebook.com/permalink.php?story_fbid=pfbid031hzyw32kXacCsndAA6zQjqwCkju6JDgovgeUedxHX6pmjHdmPt16NwkN9hw9eVjGl&id=100064559024805

 

[MajorRewrite]

Tariffs are a tax on American businesses and consumers.

Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows

The additional taxes have meant that companies that employ a combined 48 million people in the U.S. — the kinds of businesses that Trump had promised to revive — have had to find ways to absorb the new expense, by passing it along to customers in the form of higher prices, employing fewer workers or accepting lower profits.

“That’s a big change in their cost of doing business,” said Chi Mac, business research director of the JPMorganChase Institute, which published the analysis on Thursday.