this post was submitted on 27 Nov 2024
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Explain Like I'm Five

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173
If 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? (lemmy.world)
submitted 3 days ago by [email protected] to c/[email protected]
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[–] [email protected] 51 points 3 days ago (1 children)

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.

[–] [email protected] 12 points 3 days ago (1 children)

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

[–] [email protected] 1 points 3 days ago

You mean that rely on exports to America?