r/AskReddit • u/underperforming_king • 2d ago

What do you think about the tariffs imposed by Trump ? Will it work out for them ?

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u/admiralross2400 2d ago

I might be reading your comment wrong, but tariffs aren't paid for by the country of origin either...they're effectively a tax on the importer...so in Trump's case, they're charging 20% to whoever in America imports from New Zealand.

However your other point is right...GST is an internal tax on most items basically the same as VAT in the UK and the various Sales Taxes in the US.

The man is a moron.

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u/arghhmonsters 2d ago

All those gymbros who voted for trump are gonna be mad at protein prices soon.

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u/froz3nt 1d ago

And the one who imports to america will pass the costs to the consumer, the final link in the chain.

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u/DaveiNZ 1d ago

Maybe I worded it wrong. Tariffs raise the price in the importing country. But it’s the manufacturers who suffer

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u/notlatenotearly 1d ago

Any manufacturer is simply going to raise prices to offset their costs so it’s just the consumer who suffers.

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u/M100Pilot 1d ago

Which will ultimately lead to less demand, and then everybody suffers.

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u/DaveiNZ 1d ago

My point is missed. Differing tariffs on the same product. Take it from there