cm0002@lemmings.world to United States | News & Politics@midwest.social · 2 months agoUS tariffs are paid almost entirely by Americans, a German study findswww.businessinsider.comexternal-linkmessage-square23fedilinkarrow-up148
arrow-up148external-linkUS tariffs are paid almost entirely by Americans, a German study findswww.businessinsider.comcm0002@lemmings.world to United States | News & Politics@midwest.social · 2 months agomessage-square23fedilink
minus-squareJännät@sopuli.xyzlinkfedilinkarrow-up15·edit-22 months agoYeah, isn’t that how import tariffs work? Like, how is this news to anybody?
minus-squarejagermo@feddit.orglinkfedilinkarrow-up4·2 months agoI mean, tariffs can work if you have an industry to protect or local alternatives and use them with intend. But if you don’t, stuff is just going to be more expensive. This is frying my brain! And I ain’t that smart!
minus-squareJännät@sopuli.xyzlinkfedilinkarrow-up2·2 months agoOh yeah absolutely, but that’s not very often the case anymore in a globalised world, especially when the tariffs apply to your industrial inputs too
Yeah, isn’t that how import tariffs work? Like, how is this news to anybody?
I mean, tariffs can work if you have an industry to protect or local alternatives and use them with intend. But if you don’t, stuff is just going to be more expensive. This is frying my brain! And I ain’t that smart!
Oh yeah absolutely, but that’s not very often the case anymore in a globalised world, especially when the tariffs apply to your industrial inputs too