• Xtallll@lemmy.blahaj.zoneEnglish
    6·
    10 days ago

    Technically correct, but most Americans understand how sales taxes work, so calling a tariff a sales tax works as a metaphor to explain tariffs.

    • TheLowestStone@lemmy.worldEnglish
      51·
      10 days ago

      And it basically is a sales tax that’s paid by the importer when they purchase the goods. That’s generally how I explain it to people.

    • KillingTimeItself@lemmy.dbzer0.comEnglish
      32·
      10 days ago

      it’s not a sales tax, it’s a tax at import, It’s sort an inverse of a sales tax though. a “foreign purchase tax” if you will.