Of course you pay it - just not directly - because there is basically no good from “within the country” whose inputs are not affected by the tarrifs.
The idea that the US is suddenly gonna massively ramp up its production of coffee, electric machinery, shoes and other products that are produced by countries with a massive competetive advantage is just ridiculous.
There are going to be so many business raising their prices across the board (“you know, because of tariffs, we have no choice”), like the greedflation you saw during the worst of the pandemic (“supply lines! Everyone’s hurting”).
Some of it is genuinely to offset the cost of tariffs (fair), others will be trying to keep steady income levels in a cooling consumer economy (less fair), and yet others will be just an excuse to extract more profit from consumers (these are the bad guys).
Of course you pay it - just not directly - because there is basically no good from “within the country” whose inputs are not affected by the tarrifs.
The idea that the US is suddenly gonna massively ramp up its production of coffee, electric machinery, shoes and other products that are produced by countries with a massive competetive advantage is just ridiculous.
Also don’t forget greed!
There are going to be so many business raising their prices across the board (“you know, because of tariffs, we have no choice”), like the greedflation you saw during the worst of the pandemic (“supply lines! Everyone’s hurting”).
Some of it is genuinely to offset the cost of tariffs (fair), others will be trying to keep steady income levels in a cooling consumer economy (less fair), and yet others will be just an excuse to extract more profit from consumers (these are the bad guys).