bwik
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Trump's new China trade deal is still bad for US business & consumers
Who pays a tariff fully depends on whether there is a substitute supplier or buyer. The columnist confidently declares buyers pay for tarriffs. Yes, they do, if there is no alternative supplier anywhere on Earth who sells a comparable product. But most products do have alternative sellers. This means the seller must pay some of, or in many cases, near 100% of the tariff. Don’t take my word for it (two degrees from leading universities in this subject). Ask ChatGPT.