Quote:
Originally Posted by ColdNoMore
Only the economically ignorant (or highly gullible), believe that tariffs are collected as income by a government and the companies paying them (the importer, NOT the seller) simply absorb the extra expense/cost...and doesn't pass it on to the eventual buyer of the product(s).
The truth about tariffs (Import Here)
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I do find it interesting how some people always point out that higher wages negotiated by unions (higher cost of doing business) are always passed on to the consumer, but some how higher product/material costs (tariffs) are not passed onto the consumer. Just saying...
And somehow soy bean farmers need a subsidy to reduce the impact of the reduced sales they are seeing, while average Joe consumer is some how not seeing those same impacts and do doesn't need the same relief.
I am sure it makes sense some how.