2024-09-20 15:25:55
2024-09-20 15:10:53
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Trump’s tariffs will make the rich richer, the poor poorer
Because US manufacturers will raise prices to just below prices of foreign goods to maximize profits.
It’s called “profit maximization” 
You’ve surely read that tariffs would just tax regular Americans. You may not have read how they’d work to make the rich richer.
newrepublic.com
