Can I just check I haven’t misunderstood… Aren’t these tariffs charged to companies / individuals in the US for importing goods from other countries? ie. it’s an import tax?
Yes, Trump has no power to impose any other tariffs. But the way he speaks about it deliberately gives the impression that it’s the other countries who are paying.
That’s correct. It’s one way in which governments can change the behaviour of it’s citizens. Do that enough and the people will find an alternative and countries exporting to the US will lose out.
Whether that will happen with these tariffs who knows.
Can I just check I haven’t misunderstood… Aren’t these tariffs charged to companies / individuals in the US for importing goods from other countries? ie. it’s an import tax?
Yes, Trump has no power to impose any other tariffs. But the way he speaks about it deliberately gives the impression that it’s the other countries who are paying.
Great, thank you! I thought I was losing my mind. It sounds so much like other countries are somehow paying
That’s correct. It’s one way in which governments can change the behaviour of it’s citizens. Do that enough and the people will find an alternative and countries exporting to the US will lose out.
Whether that will happen with these tariffs who knows.