#TrumpTariffs $BTC
Trump and Customs Tariffs: The Simple Story! 🇺🇸💰
In 2018, Trump decided to say "America First" in a... costly way!
Imposing tariffs on imports from China and elsewhere under the pretext of protecting domestic industry.
But the result? China responded with its own tariffs, starting a "trade war" with neither fire nor gunpowder... but rather bills! 🔥
👛 Who paid the price?
1️⃣ American companies raised their prices to offset the costs.
2️⃣ The average consumer (meaning you and me) paid the price difference.
3️⃣ Some farmers' exports were besieged, as if they were playing chess with a single piece. 🧀
😂 Funny point?
Trump said, "Trade is easy to win," but if it were a match... the referee might have whistled and the first half ended with both teams losing! ⚽
🚨 The lesson?
Customs duties are an economic weapon... but you must know when to use them and how to deal with the rebound.
