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639 points CTOSian | 4 comments | | HN request time: 0.737s | source
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zaptheimpaler ◴[] No.45029926[source]
> importers must declare the exact amount of steel, copper, and aluminum in products, with a 100% tariff applied to these materials. This makes little sense—PCBs, for instance, contain copper traces, but the quantity is nearly impossible to estimate.

Wow this administration is f**ing batshit insane. I thought the tariffs would be on raw metals, not anything at all that happens to contain them.

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1. reenorap ◴[] No.45031214[source]
This has nothing to do with the administration and just how tariffs work around the world.
replies(1): >>45031469 #
2. worik ◴[] No.45031469[source]
No

"Tarrifs" are paid by the importer.

These are being charged to the exporter

These are not tarries. But novel arbitrary taxes

Batshit crazy does not come close

replies(2): >>45032065 #>>45032442 #
3. anigbrowl ◴[] No.45032065[source]
I thought it was more the case that shippers are asking the exporter to pay up front (and pass the prices along as they see fit) to limit the risk that the customer refuses to pay customs duties and rejects the package delivery, causing it to sit taking up valuable space in the shippers' warehouses.
4. lxgr ◴[] No.45032442[source]
> "Tarrifs" are paid by the importer. [...] These are being charged to the exporter

Ultimately, that's always the case.

But just like VAT or sales taxes are usually paid by the seller on behalf of the buyer, so could customs duties be levied by the exporter.