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639 points CTOSian | 1 comments | | HN request time: 0.207s | source
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rkagerer ◴[] No.45031905[source]
...importers must declare the exact amount of steel, copper, and aluminum in products, with a 100% tariff applied to these materials

I ordered a lock and some keys valued at about $400, and paid an extra $400 in duties because of this. It's insane.

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kacesensitive ◴[] No.45031922[source]
Wait consumers are paying the tariffs??
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brandall10 ◴[] No.45032041[source]
It’s fundamentally how tariffs work. The importer pays the cost. If it’s a finished good to a consumer, they pay the full amount. If it’s a finished good to a retailer, it’s the wholesale cost. If it’s on components used domestically, it’s the wholesale cost of those components.

In the latter two cases, it’s up to the domestic supply chain to decide how and and how much of those costs get passed on to consumers.

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quest88 ◴[] No.45032081[source]
I think op was missing the /s. His comment is a typical reply on this subject that makes fun of MAGAs who didn’t realize this.
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1. ◴[] No.45032110[source]