Tariffs like this is a market regulation that the people pays for.
It doesn't "benefit the wealthy" because it's not progressive, it benefits the wealthy that have investments in the tariffed industry by distorting the market to their advantage instead of having to be competitive on a level playing field.
The rest of the wealthy are equally annoyed by the tariffs as everyone else, possibly more so as they see their investments tank.
It doesn't "benefit the wealthy" because it's not progressive, it benefits the wealthy that have investments in the tariffed industry by distorting the market to their advantage instead of having to be competitive on a level playing field.
The rest of the wealthy are equally annoyed by the tariffs as everyone else, possibly more so as they see their investments tank.