Can someone, anyone, explain to the president that tariffs are paid by the IMPORTER. China does not pay the tax nor does any other nation.
So if, as the president claims, America will get rich on tariffs, then the Federal Government will get wealthy off the backs of you and I because that increased cost will be passed right to the end consumer.
And let me add something we all know, the cost of everything will skyrocket if it is manufactured in the US. Do you think Americans will produce wiring harness or a plastic toy for $30 a day?
Yeah, me neither.
Edit: this on, off, on again tariff whiplash is a drain on the economy. I get this is real estate-type negotiations, but it makes it impossible to plan and run a business.
3 comments:
Explain why it’s ok for us to pay a tariff to Canada but not ok for them to pay?
Melissa
Because we do not pay the tariffs to Canada see above. The importer pays the tariff.
You're right on this one.
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