₱ⱤØⱠł₣ł₵ JØł₦₮Ⱬ on Nostr: 1. Zhang sells 1mt of steel to John for $1k. 2. Donald Trump imposes a 20% tariff ...
1. Zhang sells 1mt of steel to John for $1k.
2. Donald Trump imposes a 20% tariff “to bring manufacturing back.”
3. Now Zhang sells 1mt of steel to John for $1k + 20% = $1.2k.
4. The US collects its $200 from Zhang.
5. Zhang still made $1k.
6. Who paid the tariff?
2. Donald Trump imposes a 20% tariff “to bring manufacturing back.”
3. Now Zhang sells 1mt of steel to John for $1k + 20% = $1.2k.
4. The US collects its $200 from Zhang.
5. Zhang still made $1k.
6. Who paid the tariff?