Who pays for prices? Here’s what you need to know.

President Trump goes ahead with many prices on trade partners closest to the United States. From Tuesday, companies bringing products to the United States of Canada and Mexico will pay a rate of 25%; Importers bringing products from China will pay an additional 10% in addition to existing withdrawals.

The president insisted that these prices will not increase the prices of American consumers and that if someone pays the cost, they will be foreign countries.

But a simple examination of the functioning of the prices suggests that this is not the case. Here’s what you need to know who pays.

Who pays the prices in advance?

A price is an additional supplement on a property when it enters the United States. It is the so -called importer of files – Companies responsible for the importation of this product – which physically pays prices to the federal government.

The price fees of 10% or 25% are often billed not on the total price of the sticker of the property you see in the store, but a lower import price that companies pay to buy a property abroad , before marking the price for sale in a store.

Many file importers are registered in the government’s electronic payment program and have pricing costs automatically deducted from their bank accounts when they bring products to the country. Price income is collected by customs and the protection of American borders, although Mr. Trump launched the idea of ​​creating a brand new agency to deal with money earned from his prices.