Ok As someone who has studied economics, I wanted to know what the esteemed members of clutch fans know about Tariffs Who pays the cost ? Please feel free to use the Internet to help you research and don't be afraid to cite your sources
From what I understand The Domestic Producer/Purchaser will pay the Tariff Since they don't like that . . they will Pass the Cost to the Domestic Consumer i.e. Something cost domestic producer 4$ and they Sell it for 5$ for a 1$ Profit NOW with the Tarriff is still cost 4$ Plus the Tarriff 1$. .. so the Domestic producter is paying 5$ . . .. and they sell it to the customer for 6.50$ because. . . they can not blame the extra 1.50 on Tarriffs because they ARE NOT getting less than their 1$ profit Rocket River
Whoever pays the government pays the tariff. It’s just that simple. Everything in the price is part of the cost of doing business. The cost a customer pays for a good includes dozens of sub line items and we don’t go into this ridiculous argument breaking these costs down and the tariff is just one of dozens.
