this post was submitted on 17 Mar 2025
1663 points (98.8% liked)

Leopards Ate My Face

6194 readers
605 users here now

Rules:

Also feel free to check out [email protected] (also active).

Icon credit C. Brück on Wikimedia Commons.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

God damn! This is so simple a third grade student can understand it. The US government has no authority to tax foreign governments, citizens or businesses. They can only tax American citizens and businesses. So Trump puts a 50% tariff (Import Tax) on tea from England. The tea costs $5.00. The person or corporation who imports it, pays the $5.00 cost plus the $2.50 tariff. The US government gets the $2.50. In this case, Trump and Musk are probably just stealing it.