this post was submitted on 06 Apr 2025
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Explain Like I'm Five

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What exactly are tariffs and how do they work? (lazysoci.al)
submitted 1 day ago by CheeseToastie@lazysoci.al to c/explainlikeimfive@lemmy.world
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I have 0 maths or economy skills, so I do need it explained like I'm 5. They're in the news a lot atm but I just don't understand them

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[–] superglue@lemmy.dbzer0.com 5 points 1 day ago* (last edited 1 day ago)

And that doesnt even factor in the fact that most made in America goods are made with materials imported from other countries. They are not going to eat that cost, they are going to pass it on to the next person until there is nobody left to pass it on to. The consumer.