The one thing some Americans are getting wrong about Trump’s tariff proposals

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The Lowdown

With the election of Donald Trump tariffs are now back on the table in the United States. An issue with this is that some Americans are under the false idea or impression that tariffs are paid by the exporter of an item.

This is not true. Imposed tariffs would mean higher costs for American consumers. Importers pay them despite claims otherwise.

As Tax Foundation notes tariffs are paid by the importer. Tariffs also expose an economy to reduced quantities of good and services and lend unfair competition to foreign exporters.

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