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Old 04-22-2020, 05:50 AM
xNYer xNYer is offline
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Default Tariffs

Quote:
Originally Posted by rustyp View Post
Put a super large tariff on every item imported to the US from China. This way we punish China by putting a severe hurt on their economy. The second benefit is China via the tariff money windfall they give us will pay back the trillions our government had to invest in stimulus to keep our economy from collapse. The third benefit will be a huge step gained for us towards self sufficiency. That is how it works I've been told.

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China does not pay tariffs on goods we import. The company that imports them pays the tariff and decides whether to pass on the payment to the consumer or absorb the cost themselves.
It reduces imports only by making the products more expensive to the US consumer.