_portrait.jpg){kind=link}
this post was submitted on 17 Mar 2025
1635 points (98.8% liked)
Leopards Ate My Face
5738 readers
180 users here now
Rules:
- If you don't already have some understanding of what this is, try reading this post. Off-topic posts will be removed.
- Please use a high-quality source to explain why your post fits if you think it might not be common knowledge and isn't explained within the post itself.
- Links to articles should be high-quality sources – for example, not the Daily Mail, the New York Post, Newsweek, etc. For a rough idea, check out this list. If it's marked in red, it probably isn't allowed; if it's yellow, exercise caution.
- The mods are fallible; if you've been banned or had a comment removed, you're encouraged to appeal it.
- For accessibility reasons, an image of text must either have alt text or a transcription in the comments.
- All Lemmy.World Terms of Service apply.
Also feel free to check out !leopardsatemyface@lemm.ee (also active).
Icon credit C. Brück on Wikimedia Commons.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, whenever people say "the other country pays" (well, before this election cycle) what they meant was that the higher price would encourage shoppers to buy domestic this the other country "pays" because they get less revenue. Prices would go up either way though because of the domestic goods were cheaper they would've already been the first pick. The thing about taxes is that it doesn't really matter if it's placed on the supply or demand side, the end effect is the same. Sure, it will feel different and there might be different short term effects, but it's the same regardless. The price is higher and government gets a cut.
So I don't really understand why people believe that even if the foreign country/company was paying the tariff why people would think prices stay the same. As if other countries are just going to get a 25% fee and not increase prices by ~25% to cover that.
The most charitable argument for Trump would be that foreign businesses reduce their prices such that the price paid by their US customers is the same as before the tariffs to remain competitive in the US market, but I think most MAGAs literally just never thought about it.