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We'll pass Trump tariffs back as higher prices for Americans: German firm (www.newsweek.com)

submitted 4 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 4 weeks ago

Lots of companies handle the domestic importing into distribution centers, so they pay the tax and sell in domestic currency. Otherwise the consumer has to pay in foreign currency and pay out the ass for shipping individual items.

Idk if that’s the case for this company.

But the point is: whoever does the importing, there’s a pressure for the manufacturer to drop prices in order to compete. And they’re saying they’re not gonna budge.

It is obvious if you’ve been paying attention, but it’s still counter to what Trump has been saying will happen.