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
other countries will impose tariffs on their imports in reciprocity, and US exports get more expensive, which ends up costing US jobs/industries.
The tariffs from 2018 made China raise soybean import tariffs from the USA. US soybeans became much more expensive, so China started imports from Brazil. Which leads to more rainforest clearing and decimated US farmers.
https://farmdocdaily.illinois.edu/2024/09/trade-policy-shifts-and-their-potential-implications-for-u-s-agricultural-exports.html
https://gjia.georgetown.edu/2022/10/26/policies-and-politics-effects-on-us-china-soybean-trade/
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