Bill Gates Goes Nuclear
Procurement Bulletin
JUNE 16, 2024
Do Tariffs Really Work? Small businesses are getting caught in the crossfire in the trade wars between the US and China. Tariffs imposed on products from Chinese manufacturers are borne by the US-based business importing the goods, meaning businesses are seeing their cost of goods increase approximately 25% just from tariffs. The US is not the only country imposing tariffs on China (and contemplating more), the EU is imposes tariffs on Chinese-made auto’s from entering the EU.
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