this is fucking madness:
mastodon.social/@Ulfh3dnar/114…
1. #tariffs are not “charged” to the exporting country. they become baseline in pricing. CONSUMERS OF THE IMPORTED GOODS PAY THE TARIFFS.
2. “reciprocal tariffs”? the vast majority of the countries on that list are poorer countries, many most likely don’t even have exports to the USA but are imposing tariffs on the few products that compete with local production
3. a lot of those countries are within the British and French commonwealths
Ulfh3dnar (@Ulfh3dnar@mastodon.social)
Attached: 4 images President Donald Trump announced "reciprocal tariffs" on imports from abroad to the USA. [Part I] #USA #Trump #TariffsMastodon
Joseph likes this.
ChookMother 🇦🇺🦘
in reply to your auntifa liza 🇵🇷 🦛 🦦 • • •Australia has *zero* tariffs on US imports. Trump's claim that we have a 10% tariff on US goods is an outright lie. What we DO have is a FREE TRADE agreement with the US, which Trump just trashed.
#auspol #uspol #tariffs