Comments by "Bri Ryder" (@nesseihtgnay9419) on "ClearValue Tax" channel.

Tariffs did not impact the U.S. economy as severely as some critics predicted, particularly the fear that they would cause "crazy inflation." In 2018, during the first round of tariffs implemented by the Trump administration, studies showed that China absorbed 75-85% of the tariff costs, significantly reducing the burden on U.S. consumers. Despite warnings of skyrocketing prices, there was virtually no inflationary impact during that time. Additionally, China's currency devaluation made its goods cheaper, further offsetting the expected price increases in the U.S. These factors demonstrate that the dire predictions of widespread inflation and severe economic strain in the U.S. due to tariffs were largely overstated.
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