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- cross-posted to:
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Who’s paying for Donald Trump’s tariffs? So far, American businesses and consumers.
Archived version: https://archive.is/20250722181944/https://www.bloomberg.com/news/articles/2025-07-22/us-companies-and-consumers-are-paying-for-trump-s-tariffs
Well, yeah, no shit - that’s how tariffs work
Tariffs are to bring manufacturing back to the US. Look at how many companies are dropping Billions to open factories. That provides employment for building those factories and employment for locals who live in area.
I know of 12 of them. And they only pledged it over time, so time will tell if they follow-up or wait out Trump. And none of the companies that pledged it are manufacturing something new. It’s either opening new factory doing the same or expanding it. So the lack of supply chains for many of the critical components is not solved and they will still have to be imported. Like most of the time it’s a social media win that doesn’t do anything in the real life.
They’re creating a slush fund. I’m concerned with what they plan to do with it.
This is all by design