😱 96% of Trump’s tariffs are paid by Americans… Foreign exporters absorb only 4% of the tariff burden. The remaining 96% is passed on to American buyers. Tariffs function as a tax on American consumption. A transfer of wealth from US households… to the US Treasury.
Source: sylsau
5 Comments
And 99% of statistics are made up on the spot
That includes 96%
Then how did inflation stabilize so much this year?
Regardless of stats, tariffs are paid by the consumer. Even if Incoterms or contact if sale pushes that tax on the seller, it’s always buried in the export invoice to the buyer.
Countries do not pay a cent.
If you don’t buy the product you don’t pay the tariff. That’s the point.
Everyone who is not stupid already knows this