this post was submitted on 18 Oct 2024
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Explain Like I'm Five

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[–] kitnaht@lemmy.world 6 points 2 weeks ago* (last edited 2 weeks ago)

https://www.reuters.com/article/economy/who-pays-trumps-tariffs-china-or-us-customers-and-companies-idUSKCN1TK1V7/

And those importers are US-based companies. China doesn't pay. The importer does.

They are paid by U.S.-registered firms to U.S. customs for the goods they import into the United States.