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RupertSalt 6 hours ago

https://en.wikipedia.org/wiki/Tariff

  A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter.
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)"

  The economic burden of tariffs falls on the importer, the exporter, and the consumer. [Wikipedia]
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.

RupertSalt 5 hours ago | parent [-]

US Consumers pay in fungible dollars, and so if your company paid for three pizzas eaten by an AWS team, and I paid for 1 ounce of Maersk fuel oil, and our Starbucks venti latte purchases paid to rethatch Juan Valdez's hut, who can even trace the serial numbers on our $1 bills?

quickthrowman 5 hours ago | parent [-]

A tariff is included in the cost of a product by the final seller. The final buyer ultimately pays the tariff.

It doesn’t matter who sends the actual tariff payment, it gets priced into the cost of the product.

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.