Just a real quick question for Americans - no angst or fighting.

When a product from overseas - let’s use China as an example - has a tariff on it, you know it’s the American public who pays the higher expense to cover the tariffs, not the exporter right?

I’m just asking because a Texan friend of mine thought tariffs on Chinese products was paid by the Chinese government. But it’s not. It’s the American consume who pays the higher cost.

I know it’s obvious but I just thought if check everyone understood the tariff costs the consumer, not the exporter.

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ElwoodBlues · M

Most of us understand this; apparently the cult does not.

People with a bit of memory recall that tRump imposed these same steel & aluminum tariffs in March 2018, but soon exempted Canada & Mexico.

China imposed retaliatory tariffs on agricultural goods, and so tRump used taxpayer money to pay farmers directly for their lost income (see below). In the end, the tariffs did almost nothing to alter our total trade deficit.

In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the transfers to farmers to $28 billion in May 2019.[13] The USDA estimated that aid payments constituted more than one-third of total farm income in 2019 and 2020.[14][15]