This is a very complicated issue.
We need to discuss it.
Tariffs are getting an oversimplified explanation by the press.
Modern day tariffs originated shortly after WW2, as in what became know as the Marshall Plan.
It was designed for the war torn countries as a way of refunding their economies.
So the US buys $1,000,000 of goods from China or Germany. We would then pay a tariff of say 25%, $250,000, back the country’s government to help rebuild the nation. A good idea.
Originally at the founding of our nation, it was one of the sources for income for our newly formed country.
The only way for the government to get any income to support the federal government was via duties and tariffs.
There was no income tax so this was the only way for the federal government to get money for it’s existence.
Tariffs are collected from the buyer of products from a country that has tariffs on it.
The collected tariff goes straight to the federal government(Trump’s pocket).
So citizen’s of the US are paying another tax to the government.
You Trump supporters were sold a bunch of lies.
You will understand more when it it’s your pocket book.
What will happen?
The buyers of good from the tariffed country will stock up now to avoid paying the tax in 2025, when the tariff actually goes into effect.
Basically, they are going to use all their money to replace inventory. Hello layoffs, goodbye Christmas bonus.
Hello inflation.
What a fucking scam pulled on Trump voters and the rest of us.