Fed's Barkin: Tit-for-tat tariffs likely to cancel out in terms of effect on inflation

Wait, what?

That's not how tariffs work. The government might get some money on import tariffs but it's the consumers and companies are going to be paying them. That's inflationary. Unless the government is going to give that money back, like they are for farmers, then it doesn't balance out. And even if it did, you lose a ton of efficiency.