3 ms·
Not quite. Tariffs, at least existing ones, are not exclusively borne by the consumer.
by nailer 2y ago
Not quite. Tariffs, at least existing ones, are not exclusively borne by the consumer.
- JohnFen 2y agoHow true that is depends entirely on whether or not the importers decide to eat the extra cost.
- robocat 2y agoThey can reduce costs, or reduce profits. Costs are usually fairly fixed. If profits decrease, I'm guessing it's often better to decide against selling the item (given that profit is the incentive to sell).
- yadong 2y agodepends on the things being imported/exported, prices might be more than double, because the final products might need components that cross borders multiple times.