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Explain it to me (sans facts).
(lemmy.world)
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this post was submitted on 09 Apr 2025
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Leopards Ate My Face
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See, the trick is that calling it a tariff hides the fact it's an IMPORT TAX, paid by the people within the IMPORTING COUNTRY
Since it's a tax, the party paying the tax has no impact on its tax incidence. It's just the result of supply and demand elasticity.
It doesn't hide it from most people, just those too dumb to go and find out what a tariff is before voting for them.
Of which there are more than 70 million in this country.
Probably closer to 200 million. Americans are deeply stupid about this kind of thing, and I suspect most people on the left didn’t really understand either until they were told how Trump’s plan was insane.