Bad Policies: Tariffs
This BBC graphic is a good way to show why reciprocal 25% tariffs will cause prices on some goods to go up far more than 25%.
A piston used in a car engine made in Michigan will cross the U.S. border twice, and will be taxed 25% each time. Some products cross more than that.
A piston used in a car engine made in Michigan will cross the U.S. border twice, and will be taxed 25% each time. Some products cross more than that.
