Anonymous
ID: raJ5tUPd
8/8/2025, 2:08:57 AM No.512497239
https://nz.news.yahoo.com/treasury-secretary-admits-trump-tariffs-193230724.html
Miggers really do not understand econ 101.
>>“Yep,” Bessent said. “And the importer can pass it on or not.”
The economic reality is that tariffs are not taxes paid by exporters, they are an economic disincentive against the importing specific products that primarily burdens the purchaser. But much like President Trump thinks he can just fire the nation’s leading statistician to make his floundering economic metrics go away, the administration believes it can simply declare that centuries of economic theory and practice don’t apply to them. The pared down tariffs that have been in place for several months have already begun negatively impacting the American economy. Job and GDP growth has slowed, consumer prices are on the rise, and inflation has begun to tick up. Some of Trump’s advisers worry that not even dipping economic numbers will get the president to back off his chaotic tariff policy.
Miggers really do not understand econ 101.
>>“Yep,” Bessent said. “And the importer can pass it on or not.”
The economic reality is that tariffs are not taxes paid by exporters, they are an economic disincentive against the importing specific products that primarily burdens the purchaser. But much like President Trump thinks he can just fire the nation’s leading statistician to make his floundering economic metrics go away, the administration believes it can simply declare that centuries of economic theory and practice don’t apply to them. The pared down tariffs that have been in place for several months have already begun negatively impacting the American economy. Job and GDP growth has slowed, consumer prices are on the rise, and inflation has begun to tick up. Some of Trump’s advisers worry that not even dipping economic numbers will get the president to back off his chaotic tariff policy.
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