minus-squareAirowird@lemm.eetoExplain Like I'm Five@lemmy.world•What exactly are tariffs and how do they work?linkfedilinkEnglisharrow-up30arrow-down3·13 days agoIt’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” linkfedilink
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”