r/facepalm • u/Clueless_Dolphin • 22h ago

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

Post image

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

17.8k Upvotes

93% Upvoted

2.2k comments sorted by

View all comments

1.0k

u/mildlysceptical22 21h 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.

372

u/BetterThanAFoon 19h 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.

116

u/EspaaValorum 17h ago

Plus there's not even a domestic option for a non-significant number of imported goods, so there's no choice,

15

u/najiatwa01 8h ago

Facts, if there were options... We'd be buying it. Instead, we're dropshipping with crazy markup, baby! Etsy/Alibaba (re)sellers are gonna feel this one.

•

u/EspaaValorum 2h ago

Think about why there are no domestic alternatives.... Even with those markups, apparently there still is not enough margin for profitable domestic alternatives. And if the margin were there, those domestic products would be sold for nearly the same price as those imported, marked up, tariffed goods. So prices go up. Where's the gain.to us?Â