Nonilex on Nostr: #Trump announces ‘reciprocal’ #tariffs But a new regime of different #taxes for ...
#Trump announces ‘reciprocal’ #tariffs
But a new regime of different #taxes for each country could prove a bureaucratic nightmare & increase costs for Americans, analysts said.
“Reciprocity may sound appealing. But remember who pays tariffs: It’s the American importer & the burden eventually falls on the #consumer,” said Erica York, Tax Foundation VP of fed tax policy. “It’s like shooting yourselves in the foot because someone else is shooting themselves in the foot.”
https://www.washingtonpost.com/business/2025/02/13/trump-reciprocal-tariffs/
But a new regime of different #taxes for each country could prove a bureaucratic nightmare & increase costs for Americans, analysts said.
“Reciprocity may sound appealing. But remember who pays tariffs: It’s the American importer & the burden eventually falls on the #consumer,” said Erica York, Tax Foundation VP of fed tax policy. “It’s like shooting yourselves in the foot because someone else is shooting themselves in the foot.”
https://www.washingtonpost.com/business/2025/02/13/trump-reciprocal-tariffs/