Let me educate myself a bit more on taxes/tariffs.
Wikipedia says a Tariff is a tax paid on the import or export of goods. As I understand that, a tariff is a fee added to the price the importing corporation would pay for that good and, as you’re pointing out, that fee will simply be passed down to the consumer.
There is a transfer of money from the corporation to the extra-national company which produces the good and there is a transfer of money from the corporation to the government of the corporation’s nation. But if I’m understanding this right, there is no transfer of money between the seller of the imported good and the corporation buying it, right?
Let me educate myself a bit more on taxes/tariffs.
Wikipedia says a Tariff is a tax paid on the import or export of goods. As I understand that, a tariff is a fee added to the price the importing corporation would pay for that good and, as you’re pointing out, that fee will simply be passed down to the consumer.
There is a transfer of money from the corporation to the extra-national company which produces the good and there is a transfer of money from the corporation to the government of the corporation’s nation. But if I’m understanding this right, there is no transfer of money between the seller of the imported good and the corporation buying it, right?
Who pays the government and when is a devil in the detail of each individual tariff.