3 ms·
The tariffs do actually come directly out of the importers pocket (i.e. local manufacturers). Since the general public doesn't know what tariffs are, it's right
by Double_a_92 8y ago
The tariffs do actually come directly out of the importers pocket (i.e. local manufacturers). Since the general public doesn't know what tariffs are, it's right to tell it that way.
BUT there is a whole other dynamic attached to tariffs. I.e. the foreign producer lowering it's prices to not lose important clients.
- sanxiyn 8y agoTax collection is not tax incidence. Tariffs are collected from importers. That does not mean tariffs "come out of" importers.