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Baumer 🇺🇸 @baumusc on x XXX followers
Created: 2025-07-21 17:28:19 UTC
You are oversimplifying things as well. When tariffs are first enacted it is the importer/distributor that pays the tariff. That tax burden in theory will eventually be at least partially placed on the retail consumer as distributors raise their prices selling to whole sale and then whole sale raises their prices selling to retailers. Tariffs aren't immediately taken on by the consumer, but if kept on for a prolonged period part of that burden will be placed on the consumer, which will amount to be a consumption tax.
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Related Topics tax bracket tariffs