Today, 05:32 AM
Actually the exporting country often pays the tariff by lowering prices or devaluing their currency to try to maintain marketshare, and the importing companies often eat part or all of the cost for the same reason.
When tariffs are high enough that the exporters and importer companies don't eat the cost the American consumer may face some higher prices temporarily, but they are more than made up for by higher wages when the industrial economy recovers and improves the rest of the economy along with it.
Meanwhile we can lower or eliminate other taxes to compensate the consumer as well, and we regain our independence and resilience.
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