100% correct. That's why they targeted top 3 trading partners. That way taxes from working class and middle class is maximized quickly.
Reposted from
Justin Wolfers
Trump's tariff-for-tax cut swap is very cleverly disguised populist policy that sounds like it's all about beating up on China to help American workers. The reality is that it's about tax cuts for the rich, paid for by import taxes on the American working and middle class.
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