@DrALJONES@mastodon.social
Analysis: Tariffs are taxes. "Americans, not foreigners, pay them through higher prices."
Treasury Sec Scott Bessent admitted that tariff payments come from American importers, not foreign sellers, & importers often pass the costs to consumers.
Trump's so-called βdealsβ with trading partners are mere power play, & the tariffs are starting to hurt the economy.
https://zeteo.com/p/maga-is-being-conned-trumps-tariffs
#Tariffs #USPol #EuroPol #Inflation #USEconomy #USTaxes .