alt Hacker News> I have no idea how the fuck the rumor that these tariffs will be “paid by other countries” started.
It's what POTUS was saying since day 1. That we've been getting ripped off and we're gonna make the other countries pay us etc etc etc.
It is, as I said in the post, obviously wrong - but that's where it comes from.
Replies
whattheheckheck • yesterday at 10:20 PM
Well its completely wrong. Tariffs are regressive consumer taxes that hurt people who make <$200k/year the most while enriching the inner circle of crony capitalism. Corrupt and should be prosecuted for such criminal robbery of the American people
I guess I mostly don't understand how anyone believed it.
He ran on lowering grocery prices, and he was going to do this by making tariffs. So his plan boiled down to "I'm going to lower prices by raising prices".
With Trump it can be tough to tell if it's idiocy of malice but at some point I suppose it's a distinction without much of a difference.