Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 11 hours agoIf Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with?message-squaremessage-square46fedilinkarrow-up1123arrow-down17
arrow-up1116arrow-down1message-squareIf Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with?Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 11 hours agomessage-square46fedilink
minus-squareMyPornViewingAccount@lemmy.worldlinkfedilinkEnglisharrow-up48arrow-down1·11 hours agoYoure got the right conclusion, wrong start. Tariffs are taxes paid by the company doing the importing, not the country. If my company buys shirts from Canada, its not the canadians that pay that tax, its my company. And you can bet your ass im raising my prices.
minus-squareMissJinx@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down1·9 hours agoIt’s not that it also hurt americans, it Only hurt americans… and maybe one or another country that really rely on american imports…like china
Youre got the right conclusion, wrong start.
Tariffs are taxes paid by the company doing the importing, not the country.
If my company buys shirts from Canada, its not the canadians that pay that tax, its my company. And you can bet your ass im raising my prices.
It’s not that it also hurt americans, it Only hurt americans… and maybe one or another country that really rely on american imports…like china