Commerce Secretary Wilbur Ross leaves CNBC hosts dumbfounded after he tells them that American families won’t be bothered by tariffs on $200b of Chinese goods because “it’s spread over thousands and thousands of products” so “nobody will actually notice” that prices went up. pic.twitter.com/VXgCZ9EQFr
— Aaron Rupar (@atrupar) September 18, 2018
Right. People will just find their dollars don’t go as far as they used to, but they won’t be able to point to any one item as the cause.
Looked at another way, paying these new taxes will be inescapable.