Trump has announced some tariffs
I am correct in thinking the work like this
If China makes a printer for £100 and sells it to America it then costs £134 as it a 33% tariff
If the UK sold a printer to America for £100 it would cost £110 as there is a 10% tariff
What if the printer was made in china, posted to the UK then sent to America? What would the tariff be
Also I know the tariff is paid by the American company importing the printer
I would assume on the wholesale price
Last question, what if the printer was imported to America, modified and then exported, what would the tariff be?
Anyone know? I'm curious to how this all works
I know there is a separate tariff for cars as well, but keeping it simple