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Jody Mamone's avatar

I'm an importer, so I posted the following issue. Tariff duty fees are added at the beginning of the retail cycle and are figured in as part of the total landed cost. After that, the importer puts on their profit, as does the retailer. This might come to 3 times the actual tariff rate. So while a consumer may pay 1.50 extra for the tarriff cost, the goverment might only get .50 because the other dollar is in the supply chain markup. So as well as being really costly, they are a really inefficient method of taxation too

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Jac's avatar

I don't think Trump will back down. He's likely to continue his trade war that could put US businesses out of business and citizens into poverty, all in order to tell himself "he won" a trade war against another country. Either the Republicans in Congress and judges will need to step up to stop him, or other countries will need to bend the knee. Or, he could spin up a fantasy tale to save face if he gets enough pressure from top CEOs, donors, and Republicans. My worry is, he may decide to turn a trade war into a military war - for ego reasons.

I saw this on Facebook. It's originally from TicTok, but anyone can view it. It's helpful in a simple, big picture way. Re: tariffs & trade deficits: https://www.tiktok.com/@nytopinion/video/7489473337110940958

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