Trump seems to think it punishes foreign companies but it is really just a sales tax effectively, ten percent in his case that he wants to foist on Americans.
So say Sony sells Grainger a bar of aluminum and yesterday Sony charged Grainger ten bucks for that bar of aluminum.
Now Trump adds a ten percent tariff.
Hey, Sony is SELLING that bar, not buying it.
So do you think Trump is saying, hey, you want ten bucks for that bar?
We will only pay you NINE bucks for that bar now.
Do you really think Sony would let that slide?
They would just go FUUK you, we will sell it to Mexico instead or Turkey, whatever.
Who pays the ten percent tariff? GRAINGER and anyone who thinks differently has more than the allotted number of holes in their cumulative heads.
So do you think Grainger goes, well we have to pay ELEVEN bucks for that bar now, do you think they would just go, ok we will forfeit say FIFTEEN percent of their profit and just sell it for 13 bucks like it cost us yesterday but now they will be satisfied selling it for 13 bucks today when they previously got a 30% profit and now say 18% profit and that will be just fine with them?
You don't think it possible they would MAYBE, just MAYBE raise THEIR price say 12% to maintain that 30% profit they run by?
Who do you think Trump is fooling with this BS?
People who don't have the foggiest notion of what is going on and just think since Trump never lies, he must be helping us US citizens which is far from the truth, he is causing Americans to have THOUSANDS less in their pockets at the end of they year for this added effective sales tax.
@sonhouse
A real tariff would be increasing the price of a product produced in the US where a foreign company would pay more and THAT going to the government in a tax. But that is not the Trump tariff. He has this stupid notion an American company paying more and that money going to the government is not going to affect our own citizen is just plain stupid and cruel.