Changing the subject, to taxes

Since a tariff is really paid by the purchaser, the US citizen, this is the biggest tax increase in decades:

https://www.msn.com/en-us/money/news/treasury-reports-60-spike-in-tariff-revenue-as-trump-policies-take-effect/vi-AA1GnnWJ?ocid=socialshare

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Heartlander · 80-89, M

Tariffs are paid on arrival at a port of entry for their value at that point, which would be the wholesale cost, a fraction of the retail price. Retail prices are based on what a buyer is willing to pay and seller is willing to accept. An unwilling buyer to pay will go and buy elsewhere. Retailers generally have multiple places to buy. For a hint, go search Amazon. just last week I researched garden umbrellas to protect some plants getting too much sun. I found pages of tiny umbrella providers. I had a choice of which to buy from. I cannot imagine some simply increasing the price to cover the cost of a tariff. They would do as before, charge what they thought what the market would bare, just as before.

iamthe99 · M

@Heartlander You're correct, and all it will do is encourage Americans to buy imported goods because they're cheaper.

So all Trump's tariffs do is make it even harder for American companies to make a profit.

samueltyler2 · 80-89, M

@Heartlander they already have increased prices even on things not yet subject to tariffs. Go do your homework. At Costco even golf balls cost $3 more now than in March!