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Comment by toddmorey

15 days ago

My theory is that it actually has nothing to do with trade at all--why else would the story changes so much when they are asked to describe the methodology or rationale?

This is how they cut taxes without cutting taxes. They've even said as much: "We'll do this huge tax cut and revenue from tariffs will pay for it." But tariff revenue IS tax. It's just a tax on spending versus income. It's quite clever because a tax on spending disproportionately impacts the poor and the middle class (who spend a much higher percentage of their income).