Or you could say that increasing effective tariff rate from 2% to 18.2% is an increase of federal tariff "taxes on American businesses and consumers" of 910%. Either way, it isn't an increase of 18.2%.
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I was going to say this
aug 21, 2025, 7:20 pm • 2 0 • view
I came here to make a similar point, too. Not all goods consumed in the USA are imported, and services are not subject to tariffs. So an effective average tariff rate on imported goods of 18.2% does not translate to an 18.2% tax on all purchases. That said, it does translate to a huge tax.
aug 22, 2025, 9:29 am • 1 0 • view