Nicholas Gilbert, a dairy farmer operating Adon Farms in Upstate New York, proved a tariff sticker shock when a normal load of cow's feed cost him $ 2,200 More than expected.
“I'm not even sure it's legal! We contracted for the price when sending it,” he told The Atlantic. “If your fuel price increases or your truck breaks down, that's not my problem! That's what the contract is.”
Unfortunately for Gilbert, the tariff is very legal. Like many American business owners, he was wrongly believed that tariffs on imported goods would be paid by the foreign exporter.
In fact, the accusation was imposed by US and border protection practices and transferred it directly to it.
“We take that right on the jaw,” Gilbert told the magazine, explaining that he would have to pay tariffs on the fertilizer and farm equipment he also buys.
Gilbert's comments quickly went viral on Reddit Surreddit r/canadawhere sympathy by Canadians was scarce.
“How can an adult believe that one country's president could force an exporter in another country to pay tax on his behalf? How would that even work?” said one user.
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Gilbert is hardly alone as Trump's international trade war continues. Many industries, including manufacturing and construction, are seeing rising costs. Users are not safe either.
The ordinary family is expected to pay Estimated $ 3,800 More a year for foods, clothing, furniture, cars and more.
Cars in particular are expected to see a 15% to 20% Price increase.
With costs climbing overall, economists sound alarms over the risks of recession. On the border of Canada, The Atlantic claims that the recession is already here.
This article provides only information and should not be interpreted as a council. It is provided without a warranty of any kind.