Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Let’s not kid itself into thinking blanket 100% tariffs are a remotely smart way to implement tariffs on China. People that knew about Trump’s 100% tariff plan when they voted for him are usually in two camps.
The camp that a) thought the plan was bluster like the wall, or b) they are too uninformed to know that China doesn’t pay these. Americans purchasing from China pay the taxes.
Let’s not kid itself into thinking blanket 100% tariffs are a remotely smart way to implement tariffs on China. People that knew about Trump’s 100% tariff plan when they voted for him are usually in two camps.
The camp that a) thought the plan was bluster like the wall, or b) they are too uninformed to know that China doesn’t pay these. Americans purchasing from China pay the taxes.