Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 28 days agoELI5 How does tariffs not hurt the country imposing them on it people?message-squaremessage-square16fedilinkarrow-up120arrow-down14
arrow-up116arrow-down1message-squareELI5 How does tariffs not hurt the country imposing them on it people?Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 28 days agomessage-square16fedilink
minus-squareNoerttipertti@sopuli.xyzlinkfedilinkEnglisharrow-up5·28 days agoSeller does not have to raise the prices. Importer (US company) pays the additional import tax (tariff) and then covers that by rising consumer prices.
Seller does not have to raise the prices.
Importer (US company) pays the additional import tax (tariff) and then covers that by rising consumer prices.