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Economy

Explainers: Trump's China tariffs - Paid by US importers, not by China

Updated : August 02, 2019 09:30 AM IST

China's government and companies in China do not pay US tariffs directly. Tariffs are a tax on imported products and are paid by US-registered firms to US customs when goods enter the United States.
Importers often pass the costs of tariffs on to customers - manufacturers and consumers in the United States - by raising their prices. US business executives and economists say US consumers foot much of the tariff bill.
The new levies will hit a wide swath of consumer goods from cell phones and laptop computers to toys and footwear.
Explainers: Trump's China tariffs - Paid by US importers, not by China

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