A tariff is fundamentally a tax on imported goods; the exporter or importer may absorb some of it to maintain market share, but otherwise it is paid by the end consumer in the form of a price increase.

definitionpending

Speaker

Howard Marks

Evidence Quote

In other words, it's a tax... the tariff will be paid by the end consumer in the form of a price increase.

Source

More on Repealing the Laws of EconomicsOaktree Capital
Created: 6/18/2026, 2:18:14 PM

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