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Tariffs increase the tax base of the taxing country
Posted on: March 4, 2025 at 08:12:17 CT
Mormad MU
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because they are paid by the suppliers/importers of goods to the country in which they are being imported. This increases the importer's cost, which is then passed on to the consumer, at least in part.
So, country makes additional tax revenue.
Consumer pays additional costs.
Goods produced locally have no such costs, so they become a more viable choice (if cost is the only consideration) for consumers instead of imported goods. That helps the companies inside your border and in theory, helps your economy.
So, country makes additional tax revenue.
Consumer pays additional costs.
Goods produced locally have no such costs, so they become a more viable choice (if cost is the only consideration) for consumers instead of imported goods. That helps the companies inside your border and in theory, helps your economy.
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Tariffs increase the tax base of the taxing country - Mormad MU - 3/4 08:12:17