Comment by jbverschoor

No.. the tariffs are paid by the US importer/distributor (Target, Walmart) who is buying from the foreign supplier (Fererro from Nutella). The importer/distributor will charge the extra + margin to the US consumer. The supplier in the EU or China will pay exactly 0 buckazoids.

So basically in the US, Nutella will become only a luxury food!

My point about creating a new currency is that I wouldn't be surprised if they would allow certain transactions to bypass some regulations.

You know the US already pulled a trick on the dollar about 50 years ago, right?