Remember the day $BTC dumped right after Trump announced those tariffs? Here's an interesting detail. 🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩
The United States is the target of Trump’s tariffs, not the other country.
According to a study by the Kiel Institute for the World Economy, American consumers and businesses pay 96% of the price of US trade tariffs. Just 4% of the burden is borne by foreign exporters.
In reality, tariffs act like a hidden domestic tax: imports get more expensive, the costs get passed on to businesses and consumers, and foreign companies rarely lower prices—instead, they reduce shipments or shift to other markets.
So, the U.S. economy ended up paying nearly $200 billion in tariff revenue, not the “external players” the tariffs were supposed to hit.
Trump is a genius or are people just too naive? 🐼