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Seller wasn’t involved in the tariffs. Rather the importer paid them, etc.
by jleyank 8mo ago
Seller wasn’t involved in the tariffs. Rather the importer paid them, etc.
- xnx 8mo agoWho pays the importer?
- jleyank 8mo agoSeller doing the importing, so they pay the foreign entity for their goods and sends the appropriate cut to the US Government. At that point, they either eat the additional cost of business or make their customers do so. Or something in between. Tariffs are like a national sales tax.
- pests 8mo agoThe person who wants it imported, the buyer?
- croes 8mo agoI guess by seller parent means the US company who sold the product to the US customer not the seller who sold it to that company.
- magicalhippo 8mo ago> Seller wasn’t involved in the tariffs. Rather the importer paid them Strictly speaking it depends on the Incoterms agreed upon by the seller and buyer[1]. If the Incoterms are DDP, then the seller should pay import duties and taxes and as such is involved. Of course sellers are typically trying to run a business, so they'll bake the taxes and import duties into the sales price. So effectively the buyer ends up paying for it, just indirectly. This was relevant when the tariffs were introduced, as sellers with DDP goods in transit had committed to a sales price which included any tariffs and would have to swallow the extra costs when they got the bill from the freight forwarder. [1]: https://en.wikipedia.org/wiki/Incoterms#Allocations_of_risks_to_buyer/seller_according_to_Incoterms_2020 https://en.wikipedia.org/wiki/Incoterms#Allocations_of_risks...