
Overall, tarrifs have an extremely poor track record of providing the intended benefits but they always come with significant negative externalities.
In this case, the tarrifs are also being used to (partially) backfill an enormous revenue gap that our politicians have blown in the U.S. gov't's budget by handing out enormous tax cuts to centimillionaires, billionaires and multi-billion dollar corporations. So, the tarrifs have the practical impact of redistributing the U.S. federal tax burden down the socioeconomic ladder, increasing the burden on those who already contribute a greater proportion of their income in taxes.
All in all, I think tarrifs are a garbage way for any gov't to try to raise money. But, that's just my opinion.
Previous Message
.......I am rather surpised that many of the folks 'problem' with its removal is not so much the disruption but seems to be at having to pay / not wanting to pay the tax. I mean, really? Had it too good for too long it seems.
And how the intstigators of said new tax / tarrif didnt / doesnt think all the eventually costs to the sender will not be passed on to the American consumer sure beats me.