Trumpism, Stalinism and the tariff debate

Do tariffs — taxes on imports — increase costs for U.S. customers? There’s actually no debate on the topic.

I don’t imply that everybody agrees. Reasonably, there are two distinct teams that aren’t speaking to one another, every of which is kind of unified in its views. Virtually all economists agree that taxes on imports are, in truth, handed on to customers. Why? As a result of that’s what the proof says and it’s very onerous to give you an alternate story.

Then again, Trump loyalists — which lately means nearly the complete Republican Occasion — insist as a bunch that foreigners, not American customers, pay taxes on imports. Why? As a result of Donald Trump says so. And so they don’t even attempt to interact with economists who disagree.