re: Trump said he's prepared to raise tariffs as trade war with China heats up

quote:

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He is levying tariffs to counteract them.

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no such thing as counteracting a foreign tariff via a domestic tariff. that would fail to un-tax the foreign consumer

i suppose he could do something like counteracting a foreign tariff by subsidizing particular exports, but that would be crony AF

eta: regardless, this has zero bearing on whether raising tariffs can fairly be called raising taxes in a thread title