this post was submitted on 17 Mar 2025
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Leopards Ate My Face

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[–] [email protected] 8 points 3 days ago* (last edited 3 days ago) (1 children)

God damn! This is so simple a third grade student can understand it. The US government has no authority to tax foreign governments, citizens or businesses. They can only tax American citizens and businesses. So Trump puts a 50% tariff (Import Tax) on tea from England. The tea costs $5.00. The person or corporation who imports it, pays the $5.00 cost plus the $2.50 tariff. The US government gets the $2.50. In this case, Trump and Musk are probably just stealing it.