tariffs are not charged to the foreign country, they are charged to the american business receiving imports
the other thing is tariffs can be avoided by having a manufacturing company working at a foreign freeport that then send goods to a domestic freeport, thus they can still operate on foreign land using foreign labour using foreign management, using foreign materials, but then import goods as if its all 'made in america' tariff free
EG
here in the UK we have a freeport that accepts fermented wine in bags from australia. and empty bottles from another country, and they come to UK freeport to bottle the wine and then although still labelled as australian wine on the bottle, it then enters UK retailers tariff free because it was bottled in the UK
EG
accepting a 95% ready iphone that is just missing the screen and packaging, where the 95% ready iphone is made in a factory in asia. when it arrives to a freeport the screen is clicked in and its boxed up and treated as made in america and then goes to us retailers tariff free
Topic: To tariff or not to tariff (Read 15 times)
https://www.youtube.com/shorts/MckCZ9iLAyI?feature=share
This is probably a Texan Uni or High School
How tariffs work:
1 - You put tariffs on a foreign country.
2 - Some companies move to your country, some close, some look for other countries or alternatives.
The question is, are good going to be now cheaper or more expensive for the average person in you country, let's say the US as this what is now discussed in local politics.
You may want to think why those companies setup their manufacturing outside the US and what happens if they move in.
This is probably a Texan Uni or High School
How tariffs work:
1 - You put tariffs on a foreign country.
2 - Some companies move to your country, some close, some look for other countries or alternatives.
The question is, are good going to be now cheaper or more expensive for the average person in you country, let's say the US as this what is now discussed in local politics.
You may want to think why those companies setup their manufacturing outside the US and what happens if they move in.
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