š #TrumpTariffs Trumpās Tariffs Are Back: Who Really Bears the Burden?
#TrumpTariffs #economy #GlobalTradeImpact
When Trump talks about raising import tariffs by up to 60% on goods from China, many immediately think: āGreat! Protect domestic products.ā
But⦠who really pays that extra cost?
Spoiler: Not China.
Tariffs are not fines paid by the exporting country. They are costs imposed on importers, then passed on to us as consumers through higher prices.
We might say we want to support local industries. But if the prices of everyday necessities rise because of these tariffs, are we ready?
And furtherāare these really a long-term solution, or just a political strategy ahead of elections?
š In your opinion, do these tariffs help or hurt the domestic economy?