“Foreign exporters did not meaningfully reduce their prices in response to US tariff increases,” a report released Monday by the Kiel Institute for the World Economy said. “The $200 billion surge in customs revenue represents $200 billion extracted from American businesses and households.” “The tariff functions not as a tax on foreign producers, but as a consumption tax on Americans,” Kiel researchers Julian Hinz, Aaron Lohmann, Hendrik Mahlkow and Anna Vorwig wrote.
tariffs are used to protect your own businesses, like, you put tariffs on foreign cars, to sell more locally produced cars
thats the whole point of it (in very broad strokes)
they dont work as a threat to random nations for random reasons