"Tariffs are a form of tax imposed by a government on imported goods and services. They increase the cost of foreign products, which is paid by domestic importers but often passed on to consumers as higher prices."
I think a lot of people think that tariffs are actually imposed on and paid by the foreign exporting country, when actually the tariffs are imposed on and paid by the importers who receive goods from the foreign country.
So if Walmart receives goods from China, Walmart pays the tariffs (or taxes) to the US government and then passes those costs along to their customers.
There are those too stupid or too stubborn to grasp that
Posted by Mugwump on October 7, 2025, 10:06 am, in reply to "How do tariffs work?"
