I have 0 maths or economy skills, so I do need it explained like I’m 5. They’re in the news a lot atm but I just don’t understand them
I have 0 maths or economy skills, so I do need it explained like I’m 5. They’re in the news a lot atm but I just don’t understand them
It’s a US tax on buying foreign stuff.
Problem us, in a global economy, local alternatives often don’t exist are still aren’t competitive in price.
So it’s just a giant consumer tax disguised as “being tough on foreign nations”
So people buying stuff from overseas have to pay a tax on what they buy?
The companies bringing the stuff into the US pay this. As a consumer, all you’ll see are increased prices. You’ll never see tariff details on a receipt. Unless you directly import something yourself.
The importer passes the costs on to you the consumer.
Ah of course they don’t want to pay it themselves
Tarriffs were originally intended to protect domestic industry, by making foreign products more expensive than domestic products.
The problem is almost everyting has been offshored the US, US wages are criminally low vs the cost of living, and it will take decades to ramp up manufacuring to pre 80’s capacity. We have very little 100% American domestic industry or products.
In short, people who are not already rich are going to get fucked, hard. Elctronics, clothes, appliances, tools are all about to get more expensive.
Which is the plan: bankrupt as many peasants as possible, forcing them to sell their property, so billionaires can buy it all up, for pennies on the dollar. Those not rich will be forced to rent, forever.
Welcome to Neo Feudalism.