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In reply to the discussion: re: tariffs: Can someone clarify to me some technical... [View all]nolabear
(43,850 posts)17. I only know a personal story.
My late mother in law, who bore NOBODYS shit, once imported a group of ceramics that were art. The govt wanted to impose a tariff as though they were dishes, a much higher rate. After she died we found months worth of letters where she started out as reasonable and ended up in gfy territory. Shed have had to pay before receiving them. She won. I think it works the same overall.
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That is essentially what happens; consumers pay a relatively higher price for goods under tariffs.
harumph
Sep 2024
#4
Tariffs are assessed and collected by the US Customs and Border Protection Service
Mosby
Sep 2024
#15
Trump's comment about China paying Billions in tariffs is a full blown lie. The importer pays the tariff and passes it
OLDMDDEM
Sep 2024
#5
Good point. I went to the University of Nebraska at Omaha. I know waaaay more than he does. I didn't buy
OLDMDDEM
Sep 2024
#29
The purpose of the tariff is to make imported goods more expensive, so American consumers will buy American goods...
surfered
Sep 2024
#6
If they're kept cheaper. We all see what happened after the pandemic...
Justice matters.
Sep 2024
#40
And even if the economy is able to survive the higher prices passed through to consumers ...
dawg
Sep 2024
#9
The problem for many businesses is that you can't always recoup the full tariff cost when selling.
LexVegas
Sep 2024
#39
Not right away, no. But eventually they will recover it as part of a periodic
GoodRaisin
Sep 2024
#44