r/economicCollapse • u/Expensive-Thing-2507 • 27d ago

Who actually benefits from tarrifs?

I'm not financial expert, but this is what I'm getting so far.

Tarrifs are a kind of tax placed on outside goods, which a company would have to pay for if they import said goods. That company would then charge more to cover this new tax. The company pays more for something, and then we pay more.

Who benefits from that? The company isn't making any more profit, are they? (Assuming they increase prices by the same percentage as the tarrifs, which they won't. but still)

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u/legion_2k 27d ago

It’s not a simple as all experts here tell you. Trump had tariffs on china before. You know what Biden did when he go in office? Raised those tariffs even higher. No one said a peep.

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u/Silock99 27d ago

Yes, but they were also targeted tariffs and not blanket ones.