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.
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.
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