| ▲ | RupertSalt 6 hours ago | ||||||||||||||||
https://en.wikipedia.org/wiki/Tariff
If an analysis says that "domestic consumers are paying 90%" of a tariff then they are simplifying the process that others are describing here as "baked into the cost" and I would say, more accurately, "the cost of tariffs are recouped from consumers/businesses by those who paid them (the importer)"
If economists are saying "consumers pay tariffs" then I would expect to see a notation on the price tags and a line-item on my receipts, but the cost of the tariff must be paid by the importer, or there won't be a consumer who can purchase the goods, let alone bear the costs of their tariffs. | |||||||||||||||||
| ▲ | whattheheckheck 2 hours ago | parent | next [-] | ||||||||||||||||
The importer is the consumer... | |||||||||||||||||
| ▲ | tombert 5 hours ago | parent | prev | next [-] | ||||||||||||||||
I am just saying that it eventually is paid by the end user, regardless of the bureaucratic steps in between. We can try and figure out who is directly paying them but I feel like that detail is unnecessary to my overall point. | |||||||||||||||||
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| ▲ | vkou 2 hours ago | parent | prev [-] | ||||||||||||||||
> then I would expect to see a notation on the price tags and a line-item on my receipts, Trump started threatening anyone who was going to do that, because he doesn't want his face attached to price hikes. | |||||||||||||||||