3 ms·
Losing sales isn't the same as paying the tariff. The person importing the item pays the tariff. Their item won't be released from customs if they don't pay. Th
by exe34 1y ago
Losing sales isn't the same as paying the tariff. The person importing the item pays the tariff. Their item won't be released from customs if they don't pay. They pay to the US government.
The correct thing to say is that the tariff has an effect on demand because of the impact of adding a tariff on top of the price.
- mlrtime 1y agoIt's not a person, it's a company. The company pays 100% of the tariffs, they are passing it to the consumer who is a person.
- magicalhippo 1y agoThe one importing pays the tariffs. If that is a person, say buying directly from AliExpress or some other site, then that person pays. If it's a company, the company pays and might pass it on. Edit: to be accurate, the importer is legally responsible for the customs declaration and the tariffs, regardless of who does the declaration and who pays. Typically someone else does the declaration on your behalf, and typically they forward any tariffs to you.
- exe34 1y agocompanies are persons. see: Santa Clara County v. Southern Pacific Railroad Co.