Trump announced 100% tariffs on Chinese goods. China controls 70% of global rare earth production. Who pays the tariff?
Explanation
American importers pay the tariff when goods enter the U.S., then pass costs to consumers through higher prices. Trump claimed tariffs are paid by foreign countries—PolitiFact rates this False. Chines...
Sources
Related Questions
China controls 70% of global rare earth production and 90% of processing capacity. The U.S. military depends on Chinese rare earths for weapons systems.
Easytrue falseYou are shopping for a new iPhone. It costs $999 today. China made the components. After Trump 100% tariff, what happens to the price and why?
Easyshort answerHours after announcing rare earth export controls, China announced new fees on U.S. ships docking at Chinese ports, mirroring U.S. fees on Chinese vessels.
Easytrue false
2 more questions available with Premium
Unlock All QuestionsThis question is part of Trump adds 100% tariffs on China over rare earth export controls. 5 more questions available.