EXPLAINER-Trump's China tariffs: Paid by U.S. importers, not by China

With U.S. President Donald Trump's announcement on Thursday of tariffs on another $300 billion of Chinese imports, nearly all goods from China will be subject to import taxes, and Trump says they generate billions of dollars in revenues for the U.S. Treasury from China. But that is not how tariffs work. China's government and companies in China do not pay U.S. tariffs directly. Tariffs are a tax on imported products and are paid by U.

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