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> The tariffs are paid by the foreign producers, not consumers. The tariffs are being paid by domestic companies, not foreign producers. There is literally no
by snowwrestler 1y ago
> The tariffs are paid by the foreign producers, not consumers.
The tariffs are being paid by domestic companies, not foreign producers. There is literally no way for a foreign producer to pay a U.S. tariff as the tariff is charged to the importer before the good is released by Customs.
The impacts of the tariffs are domestic. If consumer prices are not increased, then profits, investment, or expenses (including salary, benefits, etc) will be decreased. The money has to come from somewhere inside the U.S.
This is the entire point of a tariff, historically and as expressed by this administration. It is not to source foreign tax revenue, it is to create intentional domestic pain as a means toward implementing a top-down industrial policy. “Make it here or I will hurt you” is the overt message from the President.
- fragmede 1y ago> The tariffs are being paid by domestic companies, not foreign producers. I've had suppliers from China lower their prices in the face of the tarrifs so that the total amount I pay after the tarrifs is only slightly higher. Which is going to be even more harmful if/when the tarrifs get removed as they're now undercutting American manufacturers even more than they were before.
- BrenBarn 1y ago> “Make it here or I will hurt you” is the overt message from the President. And even the first part is largely random. The main message is just "I will hurt you, whoever you are".