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this post was submitted on 18 Oct 2024
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Explain Like I'm Five
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It is literally paid, first, by the company that imports the goods.
It is then paid again by the consumer in the higher price that they charge, and it it then paid again by the Chinese exporter in terms of reduced volume of exports.
https://www.reuters.com/article/economy/who-pays-trumps-tariffs-china-or-us-customers-and-companies-idUSKCN1TK1V7/
And those importers are US-based companies. China doesn't pay. The importer does.
Is there an exemption, say, if a Chinese person were immigrating to the US and they already owned an EV for several years and wanted to bring it with them? Or is there a massive import duty on things like that?