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Who pays Trump's tariffs, China or U.S. customers and companies? - Sort by:
Who pays Trump's tariffs, China or U.S. customers and companies?
Tariffs are a tax on imports. They are paid by U.S.-registered firms to U.S. customs for the goods they import into the United States. Importers often pass the costs of tariffs on to customers - manufacturers and consumers in the United States - by raising their prices. U.S. business executives and economists say U.S. consumers foot much of the bill through rising prices.
USA-HOLIDAYSHOPPING/
RTX1W1CM
27 Nov. 2015
U.S. President Donald Trump says China pays the tariffs... more
USA-HOLIDAYSHOPPING/
RTX1W1CM
27 Nov. 2015
New York, UNITED STATES
U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.

But that is not how tariffs work. China's government and companies in China do not pay tariffs directly. Tariffs are a tax on imports. They are paid by U.S.-registered firms to U.S. customs for the goods they import into the United States.

Importers often pass the costs of tariffs on to customers - manufacturers and consumers in the United States - by raising their prices.

U.S. business executives and economists say U.S. consumers foot much of the bill through rising prices.

White House economic adviser Larry Kudlow has acknowledged that "both sides will suffer on this," contradicting the president.

The tariff bill is set to rise further. Trump this month directed U.S. Trade Representative Robert Lighthizer to launch the process of imposing tariffs on the remaining $300 billion of goods from China. That includes products ranging from cellphones to baby pacifiers.

That would mean almost all imports from China would be subject to a 25 percent import tax.

REUTERS/Andrew Kelly
USA-WALMART/
RTS6KQW
12 Nov. 2015
U.S. COMPANIES SEE RISING CONSUMER PRICES: A growing... more
USA-TRUMP/
RTX6VV0B
21 May. 2019
WHAT THE 'TARIFF MAN' SAYS: Trump, who has called himself... more
USA-TRADE/CHINA-BUSINESSES
RTX6V5CX
10 May. 2019
DO CHINESE SUPPLIERS BEAR THE COSTS OF U.S. TARIFFS?... more
USA-TRUMP/
RTX3BU7B
17 Jul. 2017
HIGHER PRICES FOR TRACTORS, WASHING MACHINES: Higher... more
USA-PESTICIDES/SOYBEANS
RTX3MQNJ
7 Dec. 2017
WHAT DO COMPANIES IN CHINA PAY? China has retaliated... more
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