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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[โ€“] callouscomic@lemm.ee 4 points 15 hours ago* (last edited 15 hours ago) (1 children)

The companies bringing the stuff into the US pay this. As a consumer, all you'll see are increased prices. You'll never see tariff details on a receipt. Unless you directly import something yourself.

The importer passes the costs on to you the consumer.

[โ€“] CheeseToastie@lazysoci.al 2 points 13 hours ago

Ah of course they don't want to pay it themselves