US Tariff Proposals
Lot of nonsense being spoken by both sides.
 

Tariffs are paid by the importing company to US government.

If President of US adds a 20% tariff to a $10 Item
sold by Exporter company to Importer company,
Importer company pays $2 to the US Government.

Three microeconomic possibilities, choose one
US company add some or all $2 to the selling price and consumer pays.
US company eats some or all of the $2 Consumer and Importer pay
Importer company bargains with Exporter company for a lower price. Everyone absorbs the $2.

Two Macroeconomic events will happen, sorry, no choice
All three micro activities will happen to US importing companies

Slow down of US economy with inflation

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2024 Candidate Tax Proposals

Personal Income Tax

Tax Expenditures

Estate tax

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