“Not how tariffs work. U.S. consumers who purchase Chinese made/grown/mined goods are paying the tariffs/duties. Unless the importer (WalMart, Target, Best Buy, Dollar General, etc, etc.) choose not to pass the tariff along. China only “pays” thru lost sales (if any) or voluntary price reductions (if any).”
Correctomundo. Of course, the higher the tariffs go on Chicom stuff, the more consumers will likely buy from alternate sources (goods sold at a lesser price made in Vietnam, etc. and reducing the difference in prices between Chicom and American goods, conceivably moving some U.S. purchasers to buy made-in-America products. China would lose a sale and some other country (maybe the U.S.) would pick up a sale. The higher the tariff, the more pain inflicted on China. (As noted by others, the Chicoms could prevent some of this by absorbing some of the increased price, but there again they are experiencing pain.)
Yeah, forgot to mention the “other side effects”...thanks for the brief explanation of “moving supply chains”. Although moving some manufacturing is a lot easier (clothing) than other manufacturing (electronic “chips”).
They would, in effect, be ripping themselves off by doing that.
I remember when I was young a lot of my toys said "Made in Korea" rather than "Made in China" like the same toys do today. If not from America, I'd rather buy from a country not hostile to us like South Korea rather than China.
This cannot be correct. China is paying. Here is evidence the US is receiving money from them. https://twitter.com/realdonaldtrump/status/1126815126584266753?s=21