Lutnick: Small countries to pay baseline 10% tariff | Metals Mine

  • Lutnick: Small countries to pay baseline 10% tariff

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Expo33
Jul 20, 2025 2:25pm — Edited
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Exporters might absorb some of the tariffs by lowering their prices to remain competitive

Importers might absorb some of the tariffs to maintain or gain market share

And of course, the consumer will pay the rest

The narrative that a 10% tariff will instantly make a $10 item $11 is, at the very least, uneducated and/or disingenuous. But that's the legacy media's specialty.

The narrative that Trump doesn't understand how tariffs work is foolish. The man's bought 100s of millions of dollars of steel, glass, etc from around the world for 5 decades.

But yes, orange man bad

https://m.youtube.com/watch?v=SEPs17...BvcHJhaA%3D%3D

Oprah licking Trump's nuts before she joined the lunatic fringe
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thebigshot
Jul 21, 2025 2:39am
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Quoting Expo33
Exporters might absorb some of the tariffs by lowering their prices to remain competitive Importers might absorb some of the tariffs to maintain or gain market share And of course, the consumer will pay the rest The narrative that a 10% tariff will instantly make a $10 item $11 is, at the very least, uneducated and/or disingenuous. But that's the legacy media's specialty. The narrative that Trump doesn't understand how tariffs work is foolish. The man's bought 100s of millions of dollars of steel, glass, etc from around the world for 5 decades....
Very well said.
Usually Tariffs are a custom DUTY
And when Value Added TAX is levied on a goods,
The VAT is Calculated as (Price of imported goods + Tariffs + Insurance + Freight)*VAT Rate leading the end products price higher than the Tariffs Rate!
Pissants will still scream DTJ the best.
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The Fool
Jul 20, 2025 1:54pm
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Who pays the tariffs?
Schultz
Jul 21, 2025 12:16am
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Quoting The Fool
Who pays the tariffs?
Small countries, of course!! Not.

It's quite astonishing that there is still any confusion about this. Maybe deliberate?

I'd like to hear from USA consumers (the purchaser in the household) out there who are buying things like toasters or bikes or clothes or audio or any other of the thousands of products that are imported into the USA.
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Schultz
Jul 21, 2025 9:24am
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Quoting Trader#456A
{quote} The only people confused about tariffs are the ones who don't understand why every country uses them
I didn't know that about Mr Lutnick. Why don't you correct him in a manner that he can understand?
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ivimaiden
Jul 28, 2025 8:20am
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Quoting Expo33
Exporters might absorb some of the tariffs by lowering their prices to remain competitive Importers might absorb some of the tariffs to maintain or gain market share And of course, the consumer will pay the rest The narrative that a 10% tariff will instantly make a $10 item $11 is, at the very least, uneducated and/or disingenuous. But that's the legacy media's specialty. The narrative that Trump doesn't understand how tariffs work is foolish. The man's bought 100s of millions of dollars of steel, glass, etc from around the world for 5 decades....
I wish that were true, but in my personal experience buying things from Taobao (the amazon of China) and using one of the cheapest international warehouse and shipping services in China to lower shipping costs (CAINIAO), I ended up paying most of the tariffs. It is not as easy as Trumpers think it is. Buyers do pay for the tariffs and I have experienced it.
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xiaolizhou
Jul 21, 2025 4:50am
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Well said
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Trader#456A
Jul 21, 2025 6:39am
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Quoting Schultz
{quote} Small countries, of course!! Not. It's quite astonishing that there is still any confusion about this. Maybe deliberate? I'd like to hear from USA consumers (the purchaser in the household) out there who are buying things like toasters or bikes or clothes or audio or any other of the thousands of products that are imported into the USA.
The only people confused about tariffs are the ones who don't understand why every country uses them
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Schweet
Jul 21, 2025 8:13am
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Quoting Trader#67D8
Good job nutlick !
With a bit of luck it will get you parasites working and not leeching off the USA.
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Trader#67D8
Jul 20, 2025 11:57am
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Good job nutlick !
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Trader#3680
Jul 20, 2025 1:58pm
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As if licknuts cares about average American...
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Trader#22AB
Jul 21, 2025 12:06am
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Quoting Expo33
Exporters might absorb some of the tariffs by lowering their prices to remain competitive ..
With who? The USA?

Good luck with that.
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