Vic on Nostr: This was one of the reasons my taxes went up under Trump's prior administration. ...
This was one of the reasons my taxes went up under Trump's prior administration.
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?
Published at
2024-11-18 17:07:06Event JSON
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