The Market Ticker - Take Your Tariff Screaming AND SHOVE IT
I’m tired of this crap.
CNBS – all the financial lies we can tell – just ran a segment with a “hypothetical” $50 pair of canvas shoes made in China. They claimed the 10% tariff will make it about $59.
Bullshit.
The tariff is paid, in theory, on the price at the point of export. In other words the factory in China makes shoes for Frobozz Shoe Company. They charge Frobozz $15 for that pair of shoes on a container-load basis. The tariff is laid on that $15 price that Frobozz pays, which is not $9 – it’s…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=236506
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