Forum Discussion
noteven
May 27, 2019Explorer III
....
Quoting Gdetrailer:
...In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.
The consumers lose, businesses lose.
Historically Tariffs have always ended up hurting the country that places it, not the originating country of the goods.
The cost eventually is bore by the consumer as the business importing the goods is forced to pass on the increased cost to the consumer. Business importing is is the business to well, make money, they can't absorb the increased cost so it is the end consumer that winds up paying the "tariff" (it ultimately IS A TAX!).
ding ding! We have our winner!
Quoting Gdetrailer:
...In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.
The consumers lose, businesses lose.
Historically Tariffs have always ended up hurting the country that places it, not the originating country of the goods.
The cost eventually is bore by the consumer as the business importing the goods is forced to pass on the increased cost to the consumer. Business importing is is the business to well, make money, they can't absorb the increased cost so it is the end consumer that winds up paying the "tariff" (it ultimately IS A TAX!).
ding ding! We have our winner!
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