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Tariffs For MAGA Supporters And Dummies
Ignore the lies of politicians.
The Republican Party in the USA is attempting to con the American people over the matter of tariffs. When POTUS imposes tariffs on a country, that country does NOT pay the tariff.
The American people pay the tariff — END OF STORY!
The following is a very simplified example of how a tariff works.
Let’s say the USA imposes a tariff of 50% on Canadian steel.
A Canadian steel producer sells $1,000 worth of steel to a USA manufacturer.
Once the steel crosses the border, the USA importer adds 50% (the $500 tariff ) to its cost of $1,000. This increases the US importer’s cost by $500, increasing its cost to $1,500.
The $500 is sent to the USA government.
If the USA importer marks its cost up 50% when it sells the steel to a manufacturer, the cost to the manufacturer has now gone from $1,500 to $2,250.
If the manufacturer makes steel cans (as an example) that it sells to a retailer for $10 each, it now has to sell the…
