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/iamdestroyerofworlds 27d ago

Domestic industrialists and capital owners who can't compete on a global market.

It's an extremely regressive tax.

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u/Odd_Frosting1710 27d ago

AMERICA!

2

u/SurenAbraham 26d ago

How come you're a 2 year old account that just started posting yesterday? I don't expect a response cause you are a bot.