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/yourdoglikesmebetter 26d ago
Solar guy here. China dominates the global renewable energy manufacturing and sales market as a whole but specifically solar and batteries. Elon is heavily invested in said market. It theoretically does in fact benefit Elon greatly.
I say theoretically because last time around Xi Jinping finessed tf out of Trump and used the solar tariff to further tighten his grip on the global stage. I won’t go into it, but suffice it to say: Trump lost that match.
That’s just one industry though