minus-squareprocrastitron@lemmy.worldtoBuy European@feddit.uk•Trump announces 100% tariffs on movies ‘produced in foreign lands’linkfedilinkarrow-up37arrow-down1·edit-25 days agoDemonstrating once again that he has no idea how tariffs work. Tariffs are taxes on the importation of physical goods and they’re charged at the port of entry. Movies aren’t physical goods and they don’t go through a port of entry. There’s literally no way to put tariffs on foreign movies but Trump is too stupid to understand that. The closest thing they could do is charge tariffs on DVDs, and that would have zero impact on anything. linkfedilink
Demonstrating once again that he has no idea how tariffs work.
Tariffs are taxes on the importation of physical goods and they’re charged at the port of entry.
Movies aren’t physical goods and they don’t go through a port of entry.
There’s literally no way to put tariffs on foreign movies but Trump is too stupid to understand that.
The closest thing they could do is charge tariffs on DVDs, and that would have zero impact on anything.