Remember the day $BTC dumped right after Trump announced the tariffs? Here’s an interesting detail.🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩
The United States is the target of Trump’s tariffs, not my other country
According to a study by the Kiel Institute for the World Economy, Americans both consumers and businesses .. pay 96% of the price of US trade tariffs. Just 4% of the burden is borne by foreign exporters.
In actuality, tariffs function similarly to a covert domestic tax: imports become more costly, expenses are transferred to businesses and consumers, and foreign companies seldom lower prices; instead, they cut back on shipments or move to other markets.
So, the U.S. economy paid the nearly $200 billion in tariff revenue rather than the “external players” that the tariffs were intended to target.
So Trump is genius or people are just too Naive🐼