And tariffs are regressive sales taxes that fall much more heavily on lower-income Americans than on the affluent, for three reasons. First, low-income households spend a higher fraction of their income. Second, compared with the affluent, poor and working-class families spend more on goods, which are facing tariffs, as opposed to services, which a... See more

Ray Dalio《关税的影响:运转机制》

Here’s the rewritten response in English:

Is it a realistic or valid policy to impose significant U.S. tariffs to force factories to relocate to the United States to avoid those tariffs? This question deserves a nuanced analysis. Below is a structured response based on economic principles and historical examples, drawn from my general knowledge with... See more