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“The flip side being taxes or I should say like value added…” — Cato Audio at 24:20

“The flip side being taxes or I should say like value added taxes or inflation. They're largely opaque. And tying the price of goods that Americans are paying to some trade policy is probably more difficult than it would be for other areas where you're actually witnessing the tax on the receipt. So, you know, that's…”

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