George Pence on Nostr: Can you explain what you mean by MX and CA having to pay 25% more? A tariff is an ...
Can you explain what you mean by MX and CA having to pay 25% more? A tariff is an import tax paid by the company doing the importing. So American companies that were importing those goods will now have to pay a 25% fee on top of what it previously cost to import them, which means that they will in turn raise the prices of their products to account for this new loss that they unexpectedly started incurring. The end result of that is that by raising their prices, us normal American citizens will have to pay more for those goods.
Foreign countries don't pay tariff costs. We have no way to enforce that, nor does it make sense for them to do so.
Published at
2025-02-01 13:51:54Event JSON
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