4 ms·
A tax on foreign labor, to be exact. (Not foreign products or materials per se).
by badestrand 1y ago
A tax on foreign labor, to be exact. (Not foreign products or materials per se).
- atwrk 1y agoActually it's an import tax - the importer pays it, not the foreign worker.
- badestrand 1y agoYes, true of course. But I meant that if you take an example of tshirt production that gets sold in the US, with fabric that comes from Bangladesh, one producer in Vietnam, one in the US. The final price consists of materials, labor, shipping. Both effectively have materials and shipping tariffed and for the Vietnam company additionally the labor is tariffed. So the only difference is the application of the tariff on the labor for the Vietnam company.