Who really pays for import tariffs? Hint: It isn’t the foreign country. In this episode, we unpack the hidden reality of trade barriers, dispelling the common myth that tariffs punish international exporters.
We explore how these border taxes hit local importers, place a heavy financial strain on small businesses, and drive up domestic production costs.
Plus, we discuss why high duties on raw materials backfire on local manufacturers and why a free, rules-based trade system is essential for real economic innovation.
Read our blog https://mondoro.com/the-great-trade-illusion-why-tariffs-are-destroying-small-businesses-and-failing-the-global-economy/