“Foreign exporters did not meaningfully reduce their prices in response to US tariff increases,” a report released Monday by the Kiel Institute for the World Economy said. “The $200 billion surge in customs revenue represents $200 billion extracted from American businesses and households.” “The tariff functions not as a tax on foreign producers, but as a consumption tax on Americans,” Kiel researchers Julian Hinz, Aaron Lohmann, Hendrik Mahlkow and Anna Vorwig wrote.
no, our leaders should need to be smart. But as we can see on exhibit “letter to Norway”, what people elect is a mentally deficient piece of shit that went to elections saying “I’m modern hitler and am going to do nazi stuff to all of you” because the alternative was a black, normal, decent woman.