Imagine if sales tax were currently at zero percent and some guy said you know what let’s start taxing 36% on just about everything. That’s the reality we’re about to be in. That $500 Nintendo switch 2? Now it’s $680. It will be for pretty much all goods coming from foreign countries and we import A LOT of stuff.
Imagine if sales tax were currently at zero percent and some guy said you know what let’s start taxing 36% on just about everything. That’s the reality we’re about to be in. That $500 Nintendo switch 2? Now it’s $680. It will be for pretty much all goods coming from foreign countries and we import A LOT of stuff.
Tariff = Tax on imported goods.