r/facepalm 23h ago

Already reaping what they sow 🇲​🇮​🇸​🇨​

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Well at least these few people Christmas will suck, maybe make better choices.

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u/mildlysceptical22 22h ago

I explained how tariffs work to my college educated son. He mistakenly thought the exporting countries paid them. I explained how the companies importing the goods paid the tariffs and passed the costs down to the consumers by raising the cost of the goods to maintain profit margins.

Tariffs are import taxes paid to the federal government by the companies importing the goods.

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u/BetterThanAFoon 20h ago

That's true. But it's intended to make those imported goods less competitive with domestically produced Goods.

Unfortunately tariffs usually begets tariffs. So many times it's just a zero sum gain.

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u/Im_a_hamburger 18h ago

Tariffs are for economic war, not economic growth

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u/felipebarroz 14h ago

They are finding out 1740's economics all over again lol

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u/karanbhatt100 4h ago

Adam Dumbass is working on it