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Supplier: "Hey, John, we’ve got your order in, but I’m going to have to send you a replacement invoice."
John: "Why?"
Supplier: "Well, I have to add a 25% surcharge to the order."
Right now, governments at the state level are moving bills to regulate AI that should be roundly rejected.
Because tariffs, by design, raise the price of imported goods, tariffs are paid by U.S. consumers and businesses. It’s not inflation, since inflation is about the money supply, but it’s a price increase nonetheless—call it “tarifflation.”
