Last night, I read through a fair amount of social media commentary....how the tariff crap is going badly for US consumers....with consumers paying 95-plus percent of the cost involved.
I sat for about 10 seconds....then started laughing. It was a massive bogus story....fake news.
X-product made in France.....gets to the US, and has a 20-percent tariff attached. The single US consumer interested in that French product...buys it (I have no argument about this)...paying the tariff.
The problem is....what products made in France....does the typical working class American buy?
You line up a thousand Texans....asking them to list French products they buy, and fewer than 50 will raise their hand....mostly saying wine or cheese. They are the ones paying the extra cost. The other 950? They have no relationship to the product, tariff, or cost.
The same is true of a Swiss-made pen that sells for $1,400 (with the tariff inserted). Only the consumers hyped-up on Swiss quality....will pay that much.
The same is true for a German who buys American-made products with a tariff inserted....a typical German won't be a US-product-consumer.
Is this really so hard for a normal person to view and grasp? Or is it mostly BS-propaganda?
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