[USER]

Hi, I have an economic question and I thought I’d ask you guys. If tariffs increase on imported goods then will the cost of goods increase as well for the consumer?

I’m wondering what is going to happen.

[Charlene]

Yes, costs for tariffs are almost always passed onto the consumer. And those tariffs don’t go to the country the tariffs are against.

The cost of the tariffs line the pockets of our government.

Aka yet one more tax on the American public.

[Dave]

Yes. Despite what someone might be telling everyone.

[Szandra]

Yes, if someone happens to impose tariffs, costs will get passed directly onto you.

Definitely prepare for it now.

[Joshua]

Everyone in here says “yes” but they’re assuming a lot.
There would be no tariff if they manufactured in the U.S.

[McKenzie]

Yes, the tariff percentage is passed onto consumers because businesses don’t want to absorb the extra cost or can’t. Higher prices also decreases sales for businesses.

Tarrifs will be met with retaliatory tariffs of the same percentage onto the United States, just as the Canadian government has stated.

So, in the end no one wins on both sides of the US-Canada border, both Canadian and American citizens lose, potentially leading to an economic depression when you consider inflation.

[Rob]

100%, yes!! The company paid tht tariffs, not the country you import them from.

They’re going to raise inflation and cost the consumer thousand more each year.

[April]

Who will pay for the tariffs? The customer
Is that a form of increasing inflation?
Yes

Is Mexico paying for the wall?
No- American are paying for it.
If we deport all the undocumented immigrant farm workers in the US, who will take their very hard, low-paying jobs?

No one; we will have to import the food that can no longer be grown in the US due to a labor shortage.

Are super spammy comments starting to take over this group (not talking about the OP’s question)?
Yes

[Samuel]

Same as taxing corporations, they just pass the taxes onto the customer resulting in higher prices.

The difference is that tariffs encourage production in the US instead of abroad.

High corporate taxes do the opposite. They discourage business in the US and encourage companies to move abroad where corporate taxes are low, like the United Arab Emirates, Dubai, Hong Kong, Qatar and Ireland.

We’ve all seen the poverty small US towns experience when a major company leaves the area.

Low corporate taxes and tarriffs will encourage companies to build and produce in the USA.

This will bring wealth, jobs and prosperity to the USA, but poverty to foreign countries that lose these companies, especially small towns that rely on a single corporation.

[Sihing]

Yes. If America introduces tariffs then you’ll have a choice between paying a tariff on top of current price of goods made overseas, or buying something made in America which will likely be more expensive.

All that stuff currently made more cheaply abroad will likely be more expensive once made in USA and probably only people in USA will be interested in buying those goods because rest of world will be able to buy the same product cheaper from elsewhere.

I’m interested to see how this plays out. Almost the whole electronic components supply base is heavily dependent on China and Asia and would take decades and billions of dollars of investment to change that and set up in USA, as just 1 example.

[Nicole]

Yes. The companies pay more and the cost is passed to the consumer. Prepare for everything imported to be more expensive.

[Randy]

It’s unanimous. Tariffs = higher cost for goods. How does this help the middle class?

Will it truly drive manufacturing back into the US?

[Stephanie]

FYI, this may be why your taxes and prices are high. Getting tariffs back to where they need to be would put more money into your pocket.

Also, manufacturers as well as foreign companies are already bringing manufacturing back or moving more operations to the US to avoid increases.

And it means more American jobs.

[Dana]

Yes, of course they will. The costs are passed on to the consumer. What’s going to happen is that everything will get wildly more expensive, which many people spent months warning about

[Author]

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