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If Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with? (lemmy.world)
submitted 3 weeks ago by Don_Dickle@lemmy.world to c/explainlikeimfive@lemmy.world
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[-] takeda@lemmy.world 19 points 3 weeks ago

Seeing questions like this is so scary that so many people don't get that simple concept.

Seeing stuff like this is mind blowing: https://youtube.com/shorts/bf3sLnZ0S04

Tariffs is just a fancy name for tax that you pay if you buy something from another country. The producers in that country already got paid, you pay that tax when the product is crossing the border.

this post was submitted on 27 Nov 2024
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Explain Like I'm Five

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