Today 9:37 am
China is the only game in town. Do you think that GE will blithely pivot and start getting their dishwashers from Poland or Angola or Eritrea? maybe they'll import their refrigerators from Iceland instead... and they can get all of their microwaves from Micronesia!Zeets2 » 50 minutes ago » wrote: ↑ And exactly how does that change what I stated?
Regardless of whose pocket the tariff comes out of, IT RAISES THE COST OF GOODS COMING FROM CHINA, or whatever country an importer buys from. NO importer is locked into purchasing goods from China when they aren't charged an additional tariff if they buy from them. That importer has the option to find another source in a country that ISN'T charged the tariff, costing China a customer, or the importer can demand a price cut on the items they're purchasing if they want to keep them as a customer that would cover that increased cost.
Here, read it and educate yourself:
DO CHINESE SUPPLIERS BEAR THE COSTS OF U.S. TARIFFS?
Chinese suppliers do shoulder some of the cost of U.S. tariffs in indirect ways. Exporters sometimes, for instance, are forced to offer U.S. importers a discount to help defray the costs of higher U.S. duties. Chinese companies might also lose business if U.S. importers find another tariff-free source of the same goods outside China.
The fact remains tariffs are ultimately paid by US consumers, and companies that sell appliances from some other country other than China will inevitably marginally raise their own prices to increase their profit margin further sticking it to the American buyer. China is not getting screwed and, if they are marginally impacted, it pales in comparision to the inflation of prices that we will shoulder ALONE.