• The_Caretaker@lemm.ee
    link
    fedilink
    English
    arrow-up
    8
    ·
    edit-2
    7 hours ago

    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.

    • NicoleFromToronto@lemmy.ca
      link
      fedilink
      English
      arrow-up
      5
      ·
      5 hours ago

      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.