Today 10:19 am
You don't know what the **** you're talking about.Zeets2 » Today, 7:59 am » wrote: ↑ China's, or whoever buys goods from the US pays a tariff to the US.
Tariffs that Trump plans are ALWAYS paid by the importer of the goods to the US government. China doesn't pay ****. The importer - like GE, for example, who buys most of their appliances from China- would pay the US government a tariff on the refrigerator or the dishwasher and IMMEDIATELY pass that increased cost on to the consumer. GE sells a **** of appliances in the US to folks like you and me, and we will pay that tariff ourselves. One purpose of tariffs is to stimulate domestic production. Still, China produces so much of our home appliances that domestic producers cannot ramp up production to steal market share from China with increased supply. They will instead raise prices - just not as much as the tariff bump. The KitchenAid dishwasher that was $300 will now sell for $320, but that will seem like a better deal than the GE model that went from $290 to $345. Either way, the consumer is hosed.
https://www.cnn.com/2024/09/09/politics ... index.html