by This statement/tweet isn’t exclusively true:MAGA will do whatever, but tariffs are taxes we pay on imports. It's time media outlets called them that. https://t.co/OZnlnS5YvU— Dean Baker (@DeanBaker13) January 26, 2025 the foreign entities can simply lower their import prices in USD terms and access these foreign USD account balances as source of USDs to pay any new tariffs:
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This statement/tweet isn’t exclusively true:
MAGA will do whatever, but tariffs are taxes we pay on imports. It's time media outlets called them that. https://t.co/OZnlnS5YvU
— Dean Baker (@DeanBaker13) January 26, 2025
the foreign entities can simply lower their import prices in USD terms and access these foreign USD account balances as source of USDs to pay any new tariffs:
