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Beau of the Fifth Column: Let's talk about the GOP trying to get away from Trump's tariffs.... (Original Post) TexasTowelie Nov 11 OP
Who gets the money from tariffs? keithbvadu2 Nov 11 #1

keithbvadu2

(40,053 posts)
1. Who gets the money from tariffs?
Mon Nov 11, 2024, 05:40 PM
Nov 11
https://www.democraticunderground.com/100219698929

Some Trump Voters Already Regret Their Decision Amid Concerns Over Tariffs, Job Cuts, and Rising Cost
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Who gets the money from tariffs?

A tariff is a tax, usually paid by the customer.
Sometimes by the selling country but not often.
It is not called a tax, but my wallet does not know the difference.

https://tinyurl.com/25cw2c5b

A quick primer on tariffs: They’re a tax on imported goods — clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury.
(That means the gov't.--- the administration.)
They don't seem to mention that they are collecting more taxes.
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