God damn! This is so simple a third grade student can understand it. The US government has no authority to tax foreign governments, citizens or businesses. They can only tax American citizens and businesses. So Trump puts a 50% tariff (Import Tax) on tea from England. The tea costs $5.00. The person or corporation who imports it, pays the $5.00 cost plus the $2.50 tariff. The US government gets the $2.50. In this case, Trump and Musk are probably just stealing it.
You forgot that the tea now costs $7.50 which is paid by the consumer. The tea company sure as shit isnt taking a 50% loss to sell tea now. So the american consumer pays the tariff. Shitler and goebbels pocket the 25% that comes out of an american workers paycheck.
Even worse. The company selling it needs to meet percentage profit margins. So before when they paid $5 and charge 50% markup, it was 7.50. Now that it is $7.50 cost, they don’t charge $10, they charge $11.25.
God damn! This is so simple a third grade student can understand it. The US government has no authority to tax foreign governments, citizens or businesses. They can only tax American citizens and businesses. So Trump puts a 50% tariff (Import Tax) on tea from England. The tea costs $5.00. The person or corporation who imports it, pays the $5.00 cost plus the $2.50 tariff. The US government gets the $2.50. In this case, Trump and Musk are probably just stealing it.
You forgot that the tea now costs $7.50 which is paid by the consumer. The tea company sure as shit isnt taking a 50% loss to sell tea now. So the american consumer pays the tariff. Shitler and goebbels pocket the 25% that comes out of an american workers paycheck.
Even worse. The company selling it needs to meet percentage profit margins. So before when they paid $5 and charge 50% markup, it was 7.50. Now that it is $7.50 cost, they don’t charge $10, they charge $11.25.