#tariffstaxeverydayamericans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #tariffstaxeverydayamericans, aggregated by home.social.
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In other cases #tariffs could backfire on the #US #economy, by inviting retaliation from foreign govts & raising costs for #consumers. Economic research has indicated that the cost of tariffs tend to be borne by #American #businesses & #households, rather than #ForeignCompanies.
“#Trump seems drawn to trade tariffs as a bargaining tool w/other countries because tariffs have powerful domestic #political #SYMBOLISM…,” said Eswar Prasad, a trade economist at Cornell U.