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8 days agoA tariff is not a tax on exit, it is on entry. US decides to charge tax on the coffee
A tariff is not a tax on exit, it is on entry. US decides to charge tax on the coffee
Foreign products already pay huge taxes (60%+). As a final consumer you can’t find anything below 190% of original price. Many people travel to US just to buy stuff because it is already so heavily taxed. The price difference for a single iphone already pays for 2 plane tickets (which can be cheaper than travelling nationally depending on destination, given the demand)
Brazil has a tariff for decades and now cries wolf
He has to hire 100 new people everytime, 80 to actually do the work, as before, and 20 to fix what AI broke