Trump Promises Massive Tax on Americans for Chinese Imports

While tariffs are often described by politicians as a tax on foreign businesses, the costs are borne by consumers in the country that is imposing the tariffs. Tariffs directly increase the cost of domestic sales by artificially increasing the price on imports.

https://thenewamerican.com/us/economy/trump-planning-massive-tax-on-chinese-imports-media/?mc_cid=434d08caac

Leave a comment