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<p>[QUOTE="Alegandron, post: 26133656, member: 51347"]Well stated, thank you.</p><p><br /></p><p>My experience:</p><p><br /></p><p>I manufactured goods domestically, as well as imported from factories all over the globe (Europe, Asia, the Americas, South Africa), for 45 years. We provided to virtually all the major hard-goods consumer products retailer customers in North America and Europe. (Yeah, many of you all may my products within your homes - THANK YOU ! )</p><p><br /></p><p>ALL inbound tariffs that we paid were passed on to those retailers, whom adjusted their pricing to the consumer. Most tariffs / duties were 2%-10% and built into costs to customer. Ultimately, costing structures were passed on to the consumer within the Retail prices. </p><p><br /></p><p>Ergo, any tariff / duty fees are a TAX on the in-bound country’s CONSUMER, NOT the outbound country. Plain and simple, tariffs are a CONSUMER tax paid by the consumers within the country IMPOSING those tariffs.</p><p><br /></p><p>The hurt on the EXPORTING country is the loss of demand for their products due to raised tariffs. The exporting country DOES NOT pay the tariff. It is the importer within the tariffing country that pays the tariffs.[/QUOTE]</p><p><br /></p>
[QUOTE="Alegandron, post: 26133656, member: 51347"]Well stated, thank you. My experience: I manufactured goods domestically, as well as imported from factories all over the globe (Europe, Asia, the Americas, South Africa), for 45 years. We provided to virtually all the major hard-goods consumer products retailer customers in North America and Europe. (Yeah, many of you all may my products within your homes - THANK YOU ! ) ALL inbound tariffs that we paid were passed on to those retailers, whom adjusted their pricing to the consumer. Most tariffs / duties were 2%-10% and built into costs to customer. Ultimately, costing structures were passed on to the consumer within the Retail prices. Ergo, any tariff / duty fees are a TAX on the in-bound country’s CONSUMER, NOT the outbound country. Plain and simple, tariffs are a CONSUMER tax paid by the consumers within the country IMPOSING those tariffs. The hurt on the EXPORTING country is the loss of demand for their products due to raised tariffs. The exporting country DOES NOT pay the tariff. It is the importer within the tariffing country that pays the tariffs.[/QUOTE]
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