tariffs explained - for morons.

tariffs explained - for morons.

1) US store (eg Target) buys products, or US company (Apple/Boeing) buys components, for $1000 from China.
2) W 25% tariffs, US co pays $250 to US treasury
3) Either Target/Apple eats $250 as lost profit, or adds it price, or both
4) It’s a tax on Americans.
China doesn’t pay. twitter.com/paulaptlb/stat…