Developer of PieFed, a sibling of Lemmy & Kbin.

  • 38 Posts
  • 240 Comments
Joined 11 months ago
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Cake day: January 4th, 2024

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  • China raises the price to $6 to compensate, Taiwan to $5.90

    Not quite. It’s not the foreigners who pay the tariffs, it’s the locals. The tariff is charged at customs when the product enters the country and the people paying that are the people doing the importing. Tariffs don’t bring more money into the country, they just penalize local people who import goods from overseas. It’s a tax. Back when Republicans were consistent they hated all taxes, heh.

    From the point of view of the local consumer it makes no difference - the price rises unless there is a locally made substitute they can buy instead.