Originally posted by: LiveFreeNW
Do you still think that when a tariff is placed on a country's goods, that country pays the tariff?
The tariff is paid by the AMERICAN company or individual importing the items.
From Google today - Key Effects of Tariffs:Protection for Domestic Industry: By making imported goods more expensive, tariffs encourage consumers to buy locally produced alternatives, sheltering domestic companies from foreign competition. -- Revenue Generation: They serve as a source of income for governments. -- Trade Negotiation Tool: Governments use tariffs to pressure other countries to change policies or address trade imbalances. --- Reducing Trade Deficits: Attempting to reduce the gap between imports and exports. --- Political Pressure: Influencing foreign governments on non-trade issues, such as illegal drug trafficking or immigration. -- In summary -- Tariffs are taxes imposed on imported goods to protect domestic industries from foreign competition, generate government revenue, and serve as leverage in international trade negotiations. By making imported products more expensive, they encourage consumers to buy locally produced alternatives, while also serving as tools for national security and foreign policy --- Why does President Trump want tariffs? -Donald Trump views tariffs as a central tool to boost the U.S. economy, protect American manufacturing, and increase government revenue. His primary goals are to force companies to move manufacturing back to the U.S. ("reshoring"), reduce the trade deficit, and leverage them as negotiation tools against other nations on issues like immigration and drug trafficking -- Now, for the flip side, the side you always hear about --Tariffs are a double-edged sword, acting as taxes on imports that protect domestic industries and jobs but generally leading to higher consumer prices, supply chain disruptions, and potential retaliatory trade wars. While they can boost local manufacturing in specific sectors, they often raise costs for businesses reliant on imported materials and lower overall economic efficiency.
