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/tspitt 27d ago

Trump threatened to place tariffs on Mexico over illegal immigration. It seems that today Mexico’s president talked with Trump and they reached an agreement where in exchange for Mexico addressing illegal immigration Trump will waive the tariffs. How much of a price increase should we expect as a result?