(Topic ID: 281397)

25% punitive tariff on pinball machines for EU customers

By master_of_chaos

3 years ago


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  • Latest reply 3 years ago by RipleYYY
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    #25 3 years ago

    But he said that China is paying for the tariffs implemented here, not the people paying more for the Chinese products imported. By that logic doesn't it mean that the U.S. will be covering the increases in pinball prices for you EU guys?

    #27 3 years ago
    Quoted from Lermods:

    Can’t tell if you are being facetious, but the only people paying for the Chinese tariffs are the US importers and consumers. No Chinese company pays any tariff imposed by the US. The “billions” being collected by the US treasury are coming out of US taxpayer pockets. In many cases, the US doesn’t even produce the good subject to tariff so you have no choice but to buy from China and either the importer eats the cost of the tariff or passes it on to the consumer in the form of a higher price.

    Sarcasm emoji added. I think most citizens have a better idea of how tariffs work than our elected officials.

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