Birdwatch Note
2024-10-17 22:51:29 UTC - NOT_MISLEADING
It is basic economics that the country you're importing goods from does not pay the tariff... The domestic company acquiring goods pays the tariff. CN is illiterate in economics and is clearly upset that Mark Cuban knows how markets work. China doesn't pay a dime. https://taxfoundation.org/blog/who-really-pays-tariffs/
Written by 4469642FA46B475B21A3C674B9D71203C0EAC091EB66B6EBCB46D6F1714EF240
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- noteId - 1847047813458276543
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- noteAuthorParticipantId - 4469642FA46B475B21A3C674B9D71203C0EAC091EB66B6EBCB46D6F1714EF240 Participant Details
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- tweetId - 1847013146424496408
- classification - NOT_MISLEADING
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- summary
- It is basic economics that the country you're importing goods from does not pay the tariff... The domestic company acquiring goods pays the tariff. CN is illiterate in economics and is clearly upset that Mark Cuban knows how markets work. China doesn't pay a dime. https://taxfoundation.org/blog/who-really-pays-tariffs/
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