_portrait.jpg){kind=link}
232
Tariff Fallout: Mine Owner Blames China’s Actions, Not Trump’s, for Shutdown
(ironcountytoday.com)
this post was submitted on 12 Apr 2025
232 points (99.2% liked)
Leopards Ate My Face
7174 readers
464 users here now
Rules:
- The mods are fallible; if you've been banned or had a post/comment removed, please appeal.
- Off-topic posts will be removed. If you don't know what "Leopards ate my Face" is, try reading this post.
- If the reason your post meets Rule 1 isn't in the source, you must add a source in the post body (not the comments) to explain this.
- Posts should use high-quality sources, and posts about an article should have the same headline as that article. You may edit your post if the source changes the headline. For a rough idea, check out this list.
- For accessibility reasons, an image of text must either have alt text or a transcription in the post body.
- Reposts within 1 year or the Top 100 of all time are subject to removal.
- This is not exclusively a US politics community. You're encouraged to post stories about anyone from any place in the world at any point in history as long as you meet the other rules.
- 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
Really confused at the business owner saying his company is paying the tariffs. Did they get into a contract with a clause that makes the exporter bear the tariffs+fees to the destination country?? More likely I'm guessing that the buyer just sent a call saying the deal is off or had a strict price limit, but if it's the former case that's some remarkable business sense and foresight 🤦♀️
(I suppose it's also possible that China's tariff policy works a little differently. I'm not an expert on the subject)
If the terms on the contract are DDP (Delivery Duty Paid), which a lot of customers in China request, then the taxes and duties at the point of entry to China are paid by the exporter. You want to use terms DAP (Delivered at Place) and name the port or airport. The importer is then responsible for all local charges, including these sudden tariffs.
That makes sense, thank you