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No shit.
This is literally in the first paragraph of every economics textbook when they talk about tariffs.
Donald Trump didn't win the Presidency by reading textbooks.
How do you get by in life without reading? I mean, don’t you have to know what the symbols on clocks mean to tell time?
not all types of clocks.
Numbers aren't words duh.
And you don't need a textbook to understand how the very basics of business work. You know, the thing people seem convinced he understands? A fucking toddler has more knowledge than Trump. The United States of America doesn't have two brain cells to rub together
They heard lower taxes, and simply misunderstood that tariffs are another form of taxation.
They heard whatever they wanted to hear, because that rambling shitgibbon said everything to everybody.
He won it by taking bribes from billionaires, like a true politician
He won it because Biden sabotaged the democratic electoral base for four years.
Trump lost 1m vote 2020-2024, dems lost 12-10m.
Thats what happens when you undercut your own base and key demographic allies.
Nobody who voted for Trump read that book homie.
Fixed that for ya
No, the first page is how it introduces inefficiencies into a supply/demand equilibrium, resulting in a lower quantity supplied and at a higher price.
No one who every studies economics, even in passing, would even consider another country paying a tarrif for something you buy. The concept is just.... what?
Clearly we need to add those to the banned books list