politics

Can anyone explain the logic here? If only luxury goods are being exempted aren't the tariffs basically one of the most regressive tax hikes in history? Also why not give more of a heads up so that the example Cuban provides doesn't happen?

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> be me
> borrow $100k, use it all to buy product to sell
> Can sell all of it for $150k and make $120k profit
> Tariffs in place, now it costs $200k because I need to pay Uncle Sam
> Can’t afford to pay tariff. Already paid manufacturer. Manufacturer won’t take return
> Still owes $100k, and no product to sell