Quiet part now being said out loud. Tariffs are, in essence, a tax on consumption. At least that’s how many would experience them because they encourage cost push inflation.

Quiet part now being said out loud. Tariffs are, in essence, a tax on consumption. At least that's how many would experience them because they encourage cost push inflation.

Cost push inflation is when a company passes on increased costs to consumers rather than absorbing them.

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