>>942337430
>Tariffs aren't redistribution of wealth
Not him,but
Yes, tariffs act as a redistribution of wealth, but the exact effects are complex and debated. Tariffs increase the price of imported goods, which can transfer wealth from consumers to domestic producers who benefit from less competition and may raise their own prices. Additionally, tariffs disproportionately burden lower-income households who spend a larger share of their income on these goods, and can also represent a transfer from average citizens to wealthy individuals and corporations through various economic mechanisms, such as benefiting specific industries or individuals who may have ties to the protected industries, as outlined in sources like The Conversation, Maxwell School of Citizenship and Public Affairs, and Inequality.org.