how do tariffs on exports work. The R’s are saying increased tariffs won’t cause manufacturers/distributors to pass the costs onto consumers here in the US. I was wondering if American manufacturers follow that same model. Are goods exported to foreign countries outside the US subject to tariffs, and are those tariffs absorbed, or passed onto foreign consumers?
In: Economics
Just know that raising our tarriffs means china and everyone else we rely on will raise theirs in retaliation and then we’re all going to hell just like what happened during great depression.
Latest Answers