>>Tariffs are a regressive and distortionary source
of public finance, and they do not help the groups they are intended to help.
They instead introduce new economic inefficiencies and collateral damage, and
they make it more difficult to work cooperatively with allies and partners to solve
our most vexing international problems.<<
Scroll down on this page for a link to the full policy brief.
I have the impression that Trump doesn't understand that tariffs are taxes on imports.
I think he believes that tariffs are some sort of import license payment that foreign governments have to pay.
In addition to his poor understanding of international trade and economics, Trump's insistence that imports from "JAIAIAIAINA" be subject to a wopping 60% tariff suggest that this central policy plank of his is rooted in racism.
Why Trump's tariff proposals would harm working Americans | PIIE
https://www.piie.com/publications/policy-briefs/2024/why-trumps-tariff-proposals-would-harm-working-americans#:~:text=The%20tariffs%20would%20reduce%20after,in%20increased%20taxes%20each%20year.
#USPolitics #DonaldTrump #Tariff #Sinophobia