Fact: Americans, not foreign countries, pay for these #Trumptariffs.

[riversedge]

I went with a friend as she was buying new school clothes and shoes for 2 grade schoolers yesterday.
After two hours she only bought about half of what she had planned for--prices have already raised too high for her. --and for me. I am only buying essentials last few months.

She said she was going to hit Good Will tomorrow --
PS--IMHO--Good will does have some good bargains



Scott Bessent is bragging about how they have raised $100B in tariff revenue so far saying they are not getting enough credit for this.

Fact: Americans, not foreign countries, pay for these tariffs.

Link to tweet

Link to tweet

[PJMcK]

1. Bessent is an idiot and a tool (n/t)

[Diamond_Dog]

2. A third grader could figure it out!

[republianmushroom]

7. The education of most trumpers.

[Wounded Bear]

3. Tariffs are essentially a cost of doing business for any company that imports...

any goods or parts or materials to do what they do.

Costs of doing business are payed for by the people who buy those products, thus American consumers.

[WarGamer]

6. Absolutely.

Just like labor costs, cost of goods sold and taxes.

[surfered]

4. Secretary of Commerce, Howard Lutnick, said tariff's would reduce the deficit.

Their plan is to increase the deficit with tax cuts for the rich, then reduce the deficit with a regressive value added tax or sales tax on the rest of us.