Tariffs and Who Pays Them

Harris has said Trump-imposed Tariffs could cost Americans Thousands-of-Dollars a year. Trump has pitched 20% Tariffs to Punish Foreign Countries for “ripping us off.”

Tariffs are Taxes on Merchandise Shipped to the U.S. from other Countries, to make things like: Cars, Clothes, Electronics, and many more Products, more Expensive for Overseas Manufacturers to Ship to the U.S., so that American-made Products are more Competitive.

The Tariffs are Paid by the Importers, but those Costs are Applied to the Cost of each Product, making them more Expensive for People, as an added Cost. Tariffs are Not like Income or Sales Taxes. Instead, they are Levies, additional Fees, placed on Products brought into the Country by Importers.

While Tariffs are technically considered Taxes, since they are Fees imposed by the Government, the Debate over who really Pays them can influence how People view them. Trump has long Advocated for Tariffs, arguing that they Protect American Jobs by cutting our Reliance on Foreign Products, particularly from China.

Harris, however, is more Cautious about Tariffs, focusing instead on the Impact they have on everyday Consumers, who will need to Pay more for the things they Use. She also Argues that Tariffs can lead to Trade Wars, where other Countries impose Tariffs on the Products we Ship to them.

Some think the Foreign Companies that make the Goods pay the Tariffs, but the Fees are Paid by the Importers who bring the Products into the Country, and then the Buyers are the Ones covering the Extra Cost in the Price of the Items.










NYC Wins When Everyone Can Vote! Michael H. Drucker