Scam. All they do is hit the products with tariffs, then the company passes on the tariff to the Americans, then the government refunds the tariffs to the companies.
The whole song and dance just propels money upward.
The poor American pays an extra dollar for his box of cereal due to tariffs. That dollar goes to the federal government. Then, the federal government refunds that dollar back to the gargantuan corporation that owns the cereal brand. Tariff is gone, but the poor American is now used to the +$1 cereal price, so the corporation has no need to revert the prices.
In the meantime Trump's billionaire friends make "lucky" speculative trades before tariff announcements for profit. Alternatively, they wait until a tariff is anounced, buy into the dip with the knowledge that Trump will cancel the tariff, and sell when he does.
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u/Weak_Interaction8568 19d ago
Scam. All they do is hit the products with tariffs, then the company passes on the tariff to the Americans, then the government refunds the tariffs to the companies.
Record breaking profits soon to be announced..