Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 11 hours agoIf Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with?message-squaremessage-square46fedilinkarrow-up1122arrow-down17
arrow-up1115arrow-down1message-squareIf Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with?Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 11 hours agomessage-square46fedilink
minus-squaretakeda@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down1·9 hours agoSeeing questions like this is so scary that so many people don’t get that simple concept. Seeing stuff like this is mind blowing: https://youtube.com/shorts/bf3sLnZ0S04 Tariffs is just a fancy name for tax that you pay if you buy something from another country. The producers in that country already got paid, you pay that tax when the product is crossing the border.
Seeing questions like this is so scary that so many people don’t get that simple concept.
Seeing stuff like this is mind blowing: https://youtube.com/shorts/bf3sLnZ0S04
Tariffs is just a fancy name for tax that you pay if you buy something from another country. The producers in that country already got paid, you pay that tax when the product is crossing the border.