US tariffs: how Trump’s tax is hitting Big Tech and beyond
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The cost of Trump’s tariff flip-flop.
The New York Times walked through one business owner’s tariff bill, breaking out all the taxes that stack on top of each other. On April 27th when the shipment arrived in the US, the total cost of tariffs was $34,389. Today, the tariff rate would be $12,954 now that Trump has slashed rates. His frequent tariff changes mean everyone is in a constant state of uncertainty.
How Trump China Tariffs Hit One Shipment of T-Shirts
[nytimes.com]
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