Re:US Administration announces 34% tariffs on China – 20% on EU
by refurb on Thursday April 03, 2025 @03:21AM
(#43566012)
True, but a $5 trash can with a 10% tariff is $5.50
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Re:US Administration announces 34% tariffs on China – 20% on EU
by XorNot on Thursday April 03, 2025 @03:35AM
(#43566131)
The $5 trash can is made in China, which is receiving something on the order of a 50% tarriff.
And now that's 50c extra in taxes to the government for every other part of the supply chain consuming $5 trash cans as an expense.