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Explain it to me (sans facts).
(lemmy.world)
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this post was submitted on 09 Apr 2025
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Leopards Ate My Face
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Tariffs are paid by the company that imports foreign-made goods to the government. To make up for that expense, they charge the retailer the same amount; and to make up for that expense, the retailer charges the customer the same (or a higher) amount added to the item's price. (at least as I understand it)
If OOP is "100% Trump!", they should be very, extremely happy about paying into THEIR President's pockets.
You're right, except for how early in the process the profiteering starts.
Every single company involved will exploit the situation to add extra on top of the tariffs themselves.
Because the already broken (in the 80s if not earlier and progressively worse ever since) system not only allows them to, but ENCOURAGES fleecing people as much as possible to maximize profits for shareholders.