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unblock

(55,715 posts)

4. That's about right from what I recall as well, though it gets more complicated

Reply to Blues Heron (Reply #3)

Mon Oct 13, 2025, 05:52 PM

Oct 13

Because there are foreign sellers with different tariff rates and domestic competition with no tariffs. So in some cases it is a single market if no one cares where it comes from, all sellers will raise prices to some extent, including domestic sellers for whom the bump is pure profit.

Other markets may fracture, if people see certain imports as better. Elasticity of the product as a whole market may not be the same as the elasticity of the foreign product.

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Blues Heron

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Highlight:

U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says [View all] LetMyPeopleVote Oct 13 OP

55%? 100% here SheltieLover Oct 13 #1

Agree! BlueWavePsych Oct 14 #16

Yup. Put it on the backs of taxpayers, as always. SheltieLover Oct 14 #21

How about this 4% increase bullshit. Klarkashton Oct 13 #2

Tariff taxes had NOTHING to do with coffee prices until a few weeks ago. Bernardo de La Paz Oct 13 #10

Coffee is cheaper in Canada. BlueWavePsych Oct 14 #17

Do you say that after accounting for the currency or just compare CAD $ USD $? Bernardo de La Paz Oct 14 #18

Too lazy to calculate it yourself. nt BlueWavePsych Oct 14 #20

No. But I want to know if I should spend the time only to find a basic error has been made. Bernardo de La Paz Oct 14 #22

The CPI measure got distorted awhile ago IbogaProject Oct 14 #11

HWBush popsdenver Oct 14 #14

U.S. coffee drinkers and businesses will pay the price for Trump's Brazil tariffs BlueWavePsych Oct 14 #19

I only buy coffee from Colombia, because that's my preference FakeNoose Oct 14 #28

I seem to remember from Econ 101 that tariffs tend to be split between buyer and seller depending on demand Blues Heron Oct 13 #3

That's about right from what I recall as well, though it gets more complicated unblock Oct 13 #4

That's The Theory, For Sure ProfessorGAC Oct 13 #6

For US tariffs, the buyer/importer is the entity that pays the tariffs LetMyPeopleVote Oct 13 #8

In reality, no. You want your stuff out of customs? paleotn Oct 14 #26

Many outlets have made strong profits after Covid cachukis Oct 13 #5

Yeah, producers and sellers can't carry all of the tariffs indefinitely... Wounded Bear Oct 13 #7

80 percent. I've read on DU or heard on CNBC highly credible reports that it is 80 percent. . . . nt Bernardo de La Paz Oct 13 #9

That's why it's a tax meant to push more of the burden of paying for the tax cuts the wealthy were given by the GOP. cstanleytech Oct 14 #12

Goldman Sachs exposes trump's huge lie that foreign countries are paying his tariffs and not US consumers . LetMyPeopleVote Oct 14 #13

So the Republicans deliberately lied to America Champp Oct 14 #15

Goldman Sachs report says 88% of American companies and consumers are paying Trump's tariffs LetMyPeopleVote Oct 14 #23

Along this line... llmart Oct 14 #24

Much of that is due to climate change and crop disease impacting cocoa growers in west Africa. paleotn Oct 14 #27

Can't be true. The Thing said Mexico was paying for it and, as proof, I got a 1 peso check Wonder Why Oct 14 #25