Comment on Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
Wispy2891@lemmy.world 1 day agotariffs are over the final product, not the individual components inside that product.
For example Ford was making a cargo van in turkey, but thanks to the chicken tax that they themselves lobbied for, a cargo van made in turkey would have a 25% tariff. Solution: make passenger vans in turkey, import them with 0% tariff, then pay an american to remove and send the passenger seats to the landfill and get a cargo van
artyom@piefed.social 1 day ago
That's not correct.
Wispy2891@lemmy.world 1 day ago
That’s how this import tax work.
Ever wondered why converse shoes have felt on the sole? Because in this way they’re “by tariff definition” slippers, and slippers have less tax than shoes.
www.upworthy.com/why-converse-have-felt-lining