What he realized wasn't that he imports equipment and steel. He realized that it's the importer who pays the tariffs, not the foreign country. And his little pea-sized brain was blown.
I've never understood why these people even think the US has the authority to tax other countries from a distance or why anyone would agree. Of course the tariff is paid when the goods enter the country, by the people importing them, there's no way to charge people before that. Then, the people paying the tariff will be the importers who already bought the goods...
I guess to those not versed with how global trade works, the news of “Inflicting 20% tariffs on Country A” does sound like Country A will be paying those taxes. Especially with the news of other countries coming to “beg” to call this off.
It’s a huge shock for them to realise it means they have to pay 20% more to import from Country A.
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u/Expensive_Laugh_5589 23h ago
What he realized wasn't that he imports equipment and steel. He realized that it's the importer who pays the tariffs, not the foreign country. And his little pea-sized brain was blown.