Who really pays for trade wars? 🛑💰
When Trump imposed tariffs on Chinese goods, he claimed, "China pays." But in reality… it’s the consumer who pays — that is, ordinary people like you and me.
Fact #1:
A study by the Federal Reserve Bank of New York (2019) showed that 100% of the tariff costs were passed on to American companies and consumers.
Fact #2:
Tariffs on $200 billion of imports from China raised prices on household electronics, clothing, and toys.
The result: every family in the U.S. lost an average of $831 in 2019 due to rising prices.
Fact #3:
China's retaliatory tariffs hit American farmers hard. The White House even allocated $28 billion in subsidies to compensate for the losses — but at whose expense? That’s right, the taxpayer.
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Trade war sounds loud, but in the end, inflation wins — and consumers lose.