No, A 50% Tariff Doesn’t Mean A 50% Price-Hike | ZeroHedge
Authored by Randy White via AmericanThinker.com,
The tariff doomsday machine is roaring again. This time, it’s over talk of a 50% tariff on certain imports.
Predictably, the panic-peddlers are out in force, warning that such a tariff means retail prices will skyrocket 50%.
It’s an easy line to chant, but it’s wrong — flat wrong — and anyone with a basic grasp of economics should know (more…)