@AverageJoe1 saidGood luck with that. No it won't rise. Trump putting in really STUPID tariffs means less money for US not some foreign company. It is a TAX on goods coming in and less off that stuff will be bought by the public BECAUSE they will be more expensive. That is economics 101.
Oh, here you are ,,,at the 34 felony discussion.
Hey, do you think GDP will rise from 2.5% to 3% in 4Q?
So tell me how THAT will make the GNP bigger.
@sonhouse saidYou seem to be exaggerating the “ get more expensive’ part. There are three different entities sharing in the cost of straightening out the tariff situation, an imbalance what you do not care about straightening out, when the USA is the one getting the wrong end of the stick.
Good luck with that. No it won't rise. Trump putting in really STUPID tariffs means less money for US not some foreign company. It is a TAX on goods coming in and less off that stuff will be bought by the public BECAUSE they will be more expensive. That is economics 101.
So tell me how THAT will make the GNP bigger.
Having said that The extra expense that you speak about will be shared by all three entities, the USA, the country that is shipping, and the consumer in the USA. They all split it , so it will not be one huge amount of money that the Consumer is paying. I think you have Susie, etc. et al believing that.
@AverageJoe1 saidTell me this: WHO PAYS THE TARIFFS?
You seem to be exaggerating the “ get more expensive’ part. There are three different entities sharing in the cost of straightening out the tariff situation, an imbalance what you do not care about straightening out, when the USA is the one getting the wrong end of the stick.
Having said that The extra expense that you speak about will be shared by all three entities, t ...[text shortened]... huge amount of money that the Consumer is paying. I think you have Susie, etc. et al believing that.
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@sonhouse saidI don't get why you ask this question. Even Suzianne knows who pays tariffs.
Tell me this: WHO PAYS THE TARIFFS?
And you know, too, so what is this about? Is it one of those gotcha questions,,,albeit misguided. Anyway, instead of laboring over another of your laborious subjects, I pulled up the paragraphs linked below..
If I may, to make it easy for you, an example of this concept would be a corporation that pays taxes. The cost of taxes is simply added to the product. If the govt raised their taxes by 1%, they raise the product price by 1%, so the consumer ultimately pays. If Japan is charged a 1% tariff increase next year, they will add 1% to their product....UNLESS the USA produces the product cheaper....so, Japan will have to EAT it Sonhouse, and keep their price low. Dont you love it!!?!??! So, consumer will NOT have to always pay. With Trump as our wartchdog, I am not reeeeeealll worried about that.
So if you think hte consumer always pays, you are wrong. Anyway, here it is.
AI Overview
Technically, the importer of record is responsible for paying tariffs to the government.
However, the cost of the tariff is often passed along the supply chain.
This means the economic burden of tariffs is ultimately borne by:
Consumers: Businesses often pass on the increased cost of tariffs to their customers in the form of higher prices for goods.
Foreign Exporters: Foreign companies may have to cut their prices and sacrifice profits to remain competitive in the market where the tariff is imposed.
Businesses that import goods: These companies directly pay the tariff to the government and may choose to absorb some or all of the cost. THEY EAT IT SONHOUSE!! Go Trumpj.
In short, while importers legally pay tariffs, the financial burden is often shared (SHARED, SONHOUSE...)among consumers, foreign exporters, and the importing businesses, with consumers often shouldering a significant portion of the cost through higher prices.
@AverageJoe1 saidRead the last sentence in the AI overview again.
I don't get why you ask this question. Even Suzianne knows who pays tariffs.
And you know, too, so what is this about? Is it one of those gotcha questions,,,albeit misguided. Anyway, instead of laboring over another of your laborious subjects, I pulled up the paragraphs linked below..
If I may, to make it easy for you, an example of this concept would be a corpo ...[text shortened]... usinesses, with consumers often shouldering a significant portion of the cost through higher prices.
That is called usually called inflation. However, when it's totally, unnecessarily self-inflicted and the money goes to the US government you might call it a tax.
Since this includes US produced parts that has an international supply chain, it'll hurt a lot of industries.
@AverageJoe1 saidI knew that but wanted to see if you would pull a Trump and deny consumers pay the tariff which is exactly like a tax added to the consumer price but Trump doesn't seem to understand that or understanding it perfectly prefers to lie so his dumb base will believe him without question.
I don't get why you ask this question. Even Suzianne knows who pays tariffs.
And you know, too, so what is this about? Is it one of those gotcha questions,,,albeit misguided. Anyway, instead of laboring over another of your laborious subjects, I pulled up the paragraphs linked below..
If I may, to make it easy for you, an example of this concept would be a corpo ...[text shortened]... usinesses, with consumers often shouldering a significant portion of the cost through higher prices.
Why do you accept Trump out and out lying about who pays the tariff?
We ALL saw and heard him say that several times on TV.