Quote:
Originally Posted by TrevorW
I love the idea of reciprocal tariffs (not) but can't figure how a 10% tariff on Oz is that seeing we don't charge them any  |
At risk of explaining something already understood...and for the benefit of any US cousins that don't get it....
"We " don't charge "them" tarrifs...and they don't charge us...
The government of the receiving country slaps a tax on imports and calls it a tarrif.
This money goes to the government, and is paid by the importer of those goods, who more than likely passes that cost onto the consumer...
It is used tactically to protect a local industry.
Which is fine if you have a local industry you need to protect...
Coffee anyone?
I hope the price of popcorn does not go up....we are gonna need plenty of it over the next 4 years....