Kamala keeps saying tariffs are a tax by the government on Americans. Trump keeps saying the foreign country pays. Trump is right, right?
ABOUT TARIFFS…
Can I just explain how wrong Donald Trump sounds to those of us in the import business? He’s bullshitting you.
Here’s the truth: I work in imports, and Trump’s claims are false. The importer (the company bringing goods into the U.S.) pays the tariffs, and that… pic.twitter.com/8i4GRAKP6i
— Christopher Webb (@cwebbonline) September 9, 2024
Posted by Working-Sand-6929
1 Comment
No, like any other tax it simply gets passed onto the end consumer in the form of higher prices.
Yes there are other things like price elasticity, but if you make it more expensive to import a good by $5, then the importer just charges $5 more.