Simple ...
Those bringing the products into the Country to satisfy their consumers.
The other Countries do not pay the tariffs.
American companies importing the goods pay the tariffs.
So, then the question becomes, do those American importing companies pass on the cost of the tariffs to their customers? Or will they move their production/manufacturing to the US?
That's the huge question.
One view ...
... U.S. President Donald Trump has vowed his historic tariff blitz would revive domestic manufacturing, but industry worries about his approach are raising fresh doubts about whether he can deliver on his promise of an economic boom.
In the Rose Garden on Wednesday, Trump declared "jobs and factories will come roaring back into our country" and predicted new "golden age" in America. Since then, he has stood by his decision to hike U.S. tariffs to their highest levels in more than a century, even as the move sparked a global market meltdown.
Some manufacturing advocates and economists questioned Trump's underlying logic, saying supply chain issues, high costs, workforce needs and the laborious process of moving production to the U.S. stand in the way. Continued uncertainty about Trump's long-term policy could also have a chilling effect, they said.
If the tariffs aren't enough to convince companies to move operations to the U.S., it could mean Americans bear the heavy burden of the economic havoc Trump's announcement unleashed without the promise of future benefits. That could heighten political risks for Trump and his fellow Republicans.
"While we certainly agree we should aggressively pursue any policy that helps us make things in America, the idea that you can move every part of the manufacturing process back to the U.S. does not align with reality," said Kip Eideberg, senior vice president for the Association of Equipment Manufacturers.
Eideberg, whose group represents makers of equipment used in construction, agriculture, mining, utilities and forestry, added that with businesses relying on components and labor from around the world, "you can't just pick all that up and just move it over the U.S." ...
