Toronto sports fan, Shiny Pokémon Hunter, Foodie
Importer buys $1 worth of X from country y
tariff of 50% is imposed
Importer is now paying $1.50
Importer increases their price to resellers 50%, resellers increase price to customers 50%
Customers can't charge anyone so they buy less.
Importer buys $1 worth of X from country y
tariff of 50% is imposed
Importer is now paying $1.50
Importer increases their price to resellers 50%, resellers increase price to customers 50%
Customers can't charge anyone so they buy less.