Doesn’t matter who the tax is levied against. All costs will be passed on to the buyer. They should be familiar with this idea. It’s the Republican’s key talking point against business taxes.
Comment on Dear Americans, be prepare to get screwed!
cordlesslamp6891@lemmy.world 1 month ago
TIL, lots of Trumps voters don’t even know how tariffs work and thought the foreign companies are the one who paid those instead of the domestic buyers themselves.
Kichae@lemmy.ca 5 weeks ago
Randelung@lemmy.world 1 month ago
Even if, did they think prices would just stay the same? Tariffs only work if production is moved back home, which for many industries won’t happen, which means costs will be passed on to consumers.
prole@lemmy.blahaj.zone 5 weeks ago
Also, the costs would still be passed on to consumers even if the production was moved back home, because it will cost more in general.