Economy
Related: About this forumHow do export duties work?
My sense of them is that they are a tax/fee levied on goods before they leave the country and paid by the entity doing the exporting. Or are they paid by the entity in the other country that is buying the goods?
Trump has not put a tariff on the import of Canadian oil. If our Canadian friends want a little tit for tat, then wouldn't an export duty on oil hit that tit right in his orange face?
Of course if I'm wrong, well never mind.
![](/du4img/smicon-reply-new.gif)
Cirsium
(1,655 posts)Whether it is an export duty or an import duty, the US business that is exporting or importing goods pays it.
That's what I thought.
It would have similar effect of a tariff without raising prices for Canadians.
LoisB
(9,338 posts)consumer.
Buzz cook
(2,668 posts)I was just looking for a way Canada could react without imposing tariffs of their own.
Given Trumps reluctance to putting a tariff on oil, it seems like a good targeted response.
GreatGazoo
(4,043 posts)Raising the cost of any source eg. via a tariff on Canadian oil, would cause a change in suppliers to a cheaper source.
The cost of oil (over simplified but still complex...) is the cost of extraction + the cost of transport to refinery + the cost of refining (varies with the quality of the crude) + cost of transport to end users.
Sweet light Texas crude is right next to US refineries and true to its name is fairly easy and inexpensive to refine. Brent is a notch or two more expensive to refine and has to be shipped from north England, and Tar Sands (Alberta) oil only pumps when prices are very high because it is very expensive to refine. Canada has better grades too but I'm just laying out the basic range of crude oil quality.
Transport is railcars and pipelines. A Congress critter who is very lucky in his stock picks recently bought CP (Canadian Pacific rail) in big quantities. It is a very boring stock. Range bound for 3 years or more, bouncing around between $70 and $84. Speculation is obvious that this Congress critter knows something, eg some reason why rail transport will be more profitable soon.
https://www.marketwatch.com/investing/stock/cp
JustAnotherGen
(34,278 posts)My company has a line of products that literally keep the trains running. That Congressman's pick might not be that great when the patented made in the USA product's price increases exponentially. We are THE global supplier of this critical rail ecosystem part.
Buzz cook
(2,668 posts)Then the Texans and Brits will raise their prices cause they can.
Thanks for your reply, I knew my idea was simplistic, but just had to put it out there.
JustAnotherGen
(34,278 posts)Not export duties. . . imports.
Duty/Tariff are interchangeable. There are,approximately 20K Harmonized Tariff Schedule codes.
Based on the item you are purchasing - and its country of origin that table is used to determine what the Importer of Record pays.
This is entered into CBP's Automated Customs Entry system by a licensed Customs Broker. In my company's case, our Brokerage pays the tariff and merchandise/port fees on our behalf, and then we remit to them. But - it is entered in the system under our EIN.
So one item might be a plastic component for assembly into a finished good. There's a 3.9% tariff on that.
The Felon is proposing another 10% if the item's Country of Origin is China. So that jumps to 13.9%.
State of Emergency. The Felon floated an External Revenue Service for collection of these new tariffs.
That's not where Tariffs are collected. So WHO will us manufacturers be paying that money to?
Why the Felon of course.
I wish that fucker would die already.
Buzz cook
(2,668 posts)We can hope for a bad Big Mac.
I'm not surprised that a Trumper would find a way to add complexity, incompetence, and graft to the process.
JustAnotherGen
(34,278 posts)Can get around this by bringing in cost of goods under the value of $800 (de minimis).
GreatGazoo
(4,043 posts)>On January 14, 2025, CBP (Customs and Border Protection) proposed a rule that would add additional reporting requirements for low-value, de minimis imports. Then, on January 17, 2025, CBP proposed a rule that would render low-value shipments subject to Section 301, 232, and 201 tariffs ineligible for the Section 321 de minimis exemption...<
https://www.jdsupra.com/legalnews/cbp-proposes-rule-that-would-eliminate-3131669/
JustAnotherGen
(34,278 posts)Because a lot of US importers cheated. A lot were bare board distributors.
The people that hurts the most are consumers who purchase specialty items for personal use.