Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 1 month agoELI5 How does tariffs not hurt the country imposing them on it people?message-squaremessage-square16linkfedilinkarrow-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 · 1 month agomessage-square16linkfedilink
minus-squareNoerttipertti@sopuli.xyzlinkfedilinkEnglisharrow-up5·1 month 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.