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In reply to the discussion: The Trump tariffs scam in a nutshell [View all]Bluetus
(2,580 posts)13. This is a very real scenario. And nosice there was an extra $25 of price gouging in this example.
Pre-tariff, this hypothetical company had a gross margin of $100 per sale. When the $25 Trump Tariff Tax was imposed, this hypothetical company jacked up the price $50 with "Hey, I have to raise prices because of the tariffs. Don't blame me." So in this example, the customer paid the $25 Trump Tariff Tax, plus another $25 of price gouging.
And now the company gets the $25 back, so the customer is out $50 in this deal, and all of that goes into the pocket of the company.
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The companies will then be expected to donate some of their profits back to Trump.
Irish_Dem
Yesterday
#2
The state it was sold in made additional sales tax revenue due to the tariffs as well
MichMan
Yesterday
#3
Except sector tariffs like auto parts are not covered by the SCOTUS ruling
Fiendish Thingy
Yesterday
#4
I don't think anybody questions that the tariff money goes to the Treasury. That's the wrong question.
Bluetus
16 hrs ago
#34
Well, That Tidy Little Sum Of $10 Billion For The "Board Of Peace".......
ColoringFool
15 hrs ago
#36
Tariffs are just baked into the price and aren't listed separately on invoices provided to customers.
Shermann
Yesterday
#9
This is a very real scenario. And nosice there was an extra $25 of price gouging in this example.
Bluetus
Yesterday
#13
Exactly--it is a potential windfall for companies that passed the tariffs straight on the the consumers.
Ol Janx Spirit
Yesterday
#18
We will never see a dime. I doubt companies, who technically paid the tariff will either.
themaguffin
Yesterday
#27
Hell, that is the description of our entire society, not just those tariffs. (n/t)
OldBaldy1701E
7 hrs ago
#38