I think this is the correct place for this thread, though I did wonder about starting it in US Politics!
I just saw this article on CNBC - https://www.msn.com/en-us/money/mark...cid=spartandhp
So - the US is making loads of money from tariffs apparently.
Maybe I'm misunderstanding.
There's a picture of a ship from Italy and the cargo had $1.4 million in tariffs due - so the cargo was $1.4 million more expensive. According to a Trump tweet this extra money is a good thing.
However - I thought it was the US company that ordered the goods that was paying the extra $1.4 million, and subsequently the people who buy whatever the products that are made?
So - aren't these wonderful tariffs a tax on US companies and consumers?
Color me puzzled!
I just saw this article on CNBC - https://www.msn.com/en-us/money/mark...cid=spartandhp
So - the US is making loads of money from tariffs apparently.
Maybe I'm misunderstanding.
There's a picture of a ship from Italy and the cargo had $1.4 million in tariffs due - so the cargo was $1.4 million more expensive. According to a Trump tweet this extra money is a good thing.
However - I thought it was the US company that ordered the goods that was paying the extra $1.4 million, and subsequently the people who buy whatever the products that are made?
So - aren't these wonderful tariffs a tax on US companies and consumers?
Color me puzzled!
via International Skeptics Forum https://ift.tt/2P7lpGb
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