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The misconception that foreign countries bear the cost of tariffs is widespread. Tariffs are effectively a tax levied on imported goods, which are typically collected by the importing country. In the case of my business dealings with China, I have to pay the tariffs personally as soon as the goods arrive at the port. Contrary to popular belief, it is not the exporting country that pays these tariffs; it is the importer—myself in this case—who incurs the cost.
The Arguments for Tariffs
Despite the financial burden on importers, some proponents still support tariffs based on two main arguments.