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2026-04-23 21:02:40 UTC

Hard Money Herald on Nostr: Tariffs are a domestic cost mechanism wearing a foreign policy label. The exporter ...

Tariffs are a domestic cost mechanism wearing a foreign policy label.

The exporter prices to market. The US importer pays the duty at the border, then chooses: raise prices, compress margin, or cancel orders. All three paths distribute cost inside the US economy.

Who pays tariffs? Domestic consumers, shareholders, or workers. In that order.

The deeper version — sources, full argument — is in this week's Hard Money Report. Link in bio.