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A comment on US tax return filings drop by nearly 1M, extension requests rise. Parent comment

Re:US tax return filings drop by nearly 1M, extension reques... by hedora on Monday April 07, 2025 @10:48PM (#43617934)
The white house numbers assume 75% of the tariffs will be paid by foreigners.

That’s actually not a crazy assumption for targeted tariffs. Imagine we only added a tariff to German cars. BMW and VW would have to compete with normally priced sedans, and lower their margins.

Of course, that doesn’t work if you tariff 100% of the suppliers of essential goods.

[ Parent | on HN ]
Re:US tax return filings drop by nearly 1M, extension reques... by DrillShopper on Tuesday April 08, 2025 @02:28PM (#43624988)
> BMW and VW would have to compete with normally priced sedans

What will keep the US auto makers from just being 5% under the imports' price? They will still win on cost, can blame Trump, and also capture all the money on the table.

[ Parent | on HN ]