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US Companies, Consumers Are Paying for Trump's Tariffs, Not Foreign Firms (www.bloomberg.com)

submitted 3 weeks ago by along_the_road@beehaw.org to c/usnews@beehaw.org

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[–] megopie@beehaw.org 4 points 3 weeks ago

It’s a sales tax, effectively, a nationwide sales tax.

An attempt to implement a sort of regressive tax to offset the tax cuts. Shifting the burden of government on to working class people who are disproportionately impacted by price hikes on everyday goods.

It was never about on-shoring manufacturing. Always about stealing from the poor to give to the rich.