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Ms. Toad

(36,506 posts)
7. Yeah. I just had to correct someone who was otherwise knowledgeable about tariffs -
Mon Mar 31, 2025, 12:04 PM
Monday

Who very carefully explained why the everyday person was ultimately going to pay the tariff . . . but explained it in terms of the export manufacturers paying it to their government which would pay it to ours (after deciding, or not, to increase the price of the goods to cover the cost of the tariffs they - the foreign manufacturers - would have to pay).

He kept arguing that the impact would be the same - and largely it will (the cost of goods to US consumers will go up). BUT, as I kept pointing out to him, tariffs were sold to the US voters pre-election as a tax on foreign governments/companies.

Many of us hammered the point as to who would ultimately pay them, but I am surprised at how many people who understood that the end consumer would pay them bought the line that they are taxes paid by foreign entities.

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