Who pays when trade wars heat up?
More or Less: Behind the Stats
Tariffs: A Double-Edged Sword
Lowering corporate taxes may aim to alleviate business burdens, but proposed tariffs can negate the economic benefits of these cuts. Tariffs often provoke swift retaliatory actions from trading partners, as evidenced by China's response targeting key American exports like blue jeans and whiskey. This not only distorts the US economy and raises consumer prices but also invites further international trade conflicts, ultimately harming US businesses and employment.
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