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BronMason For Kamala 2024 (bronakins@sfba.social)'s status on Friday, 06-Sep-2024 07:22:42 JST BronMason For Kamala 2024

This is kinda important!
Tariffs are a tax PAID BY the US COMPANY buying and bringing products in from foreign countries.
Of course, Walmart or Ford or Amazon or whatever company shells out the tariff is going to pass that extra expense on—so who pays the trump tariff? YOU DO!
trump is still hiding behind his lie that only foreign countries will pay his tariff.
https://taxfoundation.org/blog/who-really-pays-tariffs/
In conversation about 3 months ago from sfba.social permalink
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1. Domain not in remote thumbnail source whitelist: files.taxfoundation.org
  
  Who Really Pays the Tariffs? U.S. Firms and Consumers, Through Higher Prices
  
  from Fíonta
  
  The bulk of economic evidence shows for most of the new tariffs imposed under the Trump administration, U.S. firms or consumers bore 100 percent, or even more, of the burden through lower profits or higher retail prices. While a number of supply- and demand-related factors are primarily responsible for driving current inflation rates, the tariffs certainly aren’t helping.

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