• Aceticon@lemmy.dbzer0.com
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    9 days ago

    I wasn’t aware the US had a Duty Tax for some things that was a fixed minimum price.

    Until now, all I had ever seen and learned about Duty Tax and Tariffs is that they’re a percentage on top of total price of a product delivered at the border (so basically factory price + shipping to border costs).

    Then again I’m in Europe and only ever imported consumer electronics in bulk here for a small business I had years ago.

    • fshagan@lemmy.today
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      7 days ago

      It’s a new policy that will take effect by the end of the year. It’s party of our current administration’s tarrifs efforts to boost American manufacturing. I disagree with it, like I do most of what our current government is doing.