True, but a $5 trash can with a 10% tariff is $5.50
The $5 trash can is made in China, which is receiving something on the order of a 50% tarriff.
And now that's 50c extra in taxes to the government for every other part of the supply chain consuming $5 trash cans as an expense.
alt Hacker News
The $5 trash can is made in China, which is receiving something on the order of a 50% tarriff.
And now that's 50c extra in taxes to the government for every other part of the supply chain consuming $5 trash cans as an expense.