Trump supporters to continue with comforting misapprehension that other countries are paying the tariffs in same way Mexico ‘paid for the wall’
1 year ago
Donald Trump has reaffirmed plans for a wide range of tariffs on imports from all around the world, a move loudly supported by any of his supporters who don’t know how tariffs work.
With widespread belief among the MAGA crowd that these other countries will now be “paying” to send goods to the United States, consumers are in for a shock when they realise everything from coming from abroad will just get a bit more expensive, because that’s how tariffs actually work.
Non-moron, and professional import exporter, Chuck Williams told us, “If the United States puts a 30% tariff on Chinese imports, then that tariff is paid by the company bringing in the goods from China – i.e. me – not by China. I can then choose to absorb that extra cost, or I can pass some or all of that extra cost on to you, the customer.
“Ultimately that tariff is paid by me, the American importing company, which means I can pass that cost on to you, the American consumer.
“Do you know who definitely isn’t paying a single penny towards that extra tariff? China. Not one Chinese cent goes into the US coffers.
“It’s much like the fabled wall. If you think Mexico paid for it, then you’re likely to believe China will be paying the cost of this tariff.
“You would be completely wrong, of course, but it must be nice and comforting to think otherwise.”
Trump’s TACO Tariffs (Trump Always Chickens Out)
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