Birdwatch Note
2024-08-17 23:16:10 UTC - NOT_MISLEADING
NNN, Trump is likely referring to the fact that foreign companies often absorb the cost of the tariff to stay competitive. So while technically people in the US would pay it, the foreign companies will cut the cost of their goods to even it out. https://taxfoundation.org/blog/who-really-pays-tariffs/
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- summary
- NNN, Trump is likely referring to the fact that foreign companies often absorb the cost of the tariff to stay competitive. So while technically people in the US would pay it, the foreign companies will cut the cost of their goods to even it out. https://taxfoundation.org/blog/who-really-pays-tariffs/
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