this post was submitted on 17 Mar 2025
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Leopards Ate My Face

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[–] The_Caretaker@lemm.ee 8 points 1 day ago* (last edited 1 day ago) (1 children)

God damn! This is so simple a third grade student can understand it. The US government has no authority to tax foreign governments, citizens or businesses. They can only tax American citizens and businesses. So Trump puts a 50% tariff (Import Tax) on tea from England. The tea costs $5.00. The person or corporation who imports it, pays the $5.00 cost plus the $2.50 tariff. The US government gets the $2.50. In this case, Trump and Musk are probably just stealing it.

[–] Glent@lemmy.ca 6 points 1 day ago (1 children)

You forgot that the tea now costs $7.50 which is paid by the consumer. The tea company sure as shit isnt taking a 50% loss to sell tea now. So the american consumer pays the tariff. Shitler and goebbels pocket the 25% that comes out of an american workers paycheck.

[–] phar@lemmy.ml 3 points 23 hours ago

Even worse. The company selling it needs to meet percentage profit margins. So before when they paid $5 and charge 50% markup, it was 7.50. Now that it is $7.50 cost, they don't charge $10, they charge $11.25.