President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors.
tariffs are over the final product, not the individual components inside that product.
For example Ford was making a cargo van in turkey, but thanks to the chicken tax that they themselves lobbied for, a cargo van made in turkey would have a 25% tariff. Solution: make passenger vans in turkey, import them with 0% tariff, then pay an american to remove and send the passenger seats to the landfill and get a cargo van
Ever wondered why converse shoes have felt on the sole? Because in this way they’re “by tariff definition” slippers, and slippers have less tax than shoes.
tariffs are over the final product, not the individual components inside that product.
For example Ford was making a cargo van in turkey, but thanks to the chicken tax that they themselves lobbied for, a cargo van made in turkey would have a 25% tariff. Solution: make passenger vans in turkey, import them with 0% tariff, then pay an american to remove and send the passenger seats to the landfill and get a cargo van
That’s not correct.
That’s how this import tax work.
Ever wondered why converse shoes have felt on the sole? Because in this way they’re “by tariff definition” slippers, and slippers have less tax than shoes.
https://www.upworthy.com/why-converse-have-felt-lining