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Halls of Shrewd'm / US Policy
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Author: albaby1 🐝 HONORARY
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Number: of 48447 
Subject: Re: Mark Cuban Says: Let's Play Trump Jeopardy
Date: 09/09/2024 3:20 PM
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If you put a 100% tariff on everything imported from China, you're not punishing China, you're punishing US consumers.

That's not true. As with any tax, a tariff will land on both producers and consumers, depending on the price elasticities of demand and supply. For all but purely inelastic goods, both consumers and producers will bear some of the cost of the tariff.
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