I tell people that if they think other countries pay the tariffs they probably believe Mexico is paying for a wall
There are people who don't know how tariffs work?
If America is the sole buyer, then the tax would be shared between both countries. (Lower demand will lower the price that the foreign supplier can ask for, making up some of the extra tax cost). But since USA is doing these tariffs on so many countries, other countries will just lay new trading routes.
So yeah, USA will feel it.
Ive never been opposed to learning through experience rather than what others tell you. Dont trust anything you can't verify yourself.
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Also feel free to check out [email protected] (also active).
Icon credit C. Brück on Wikimedia Commons.
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