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Economy

Buzz cook

(2,697 posts) Fri Jan 31, 2025, 08:31 PM Jan 31

How do export duties work? [View all]

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.

12 replies

= new reply since forum marked as read

Highlight:

How do export duties work? [View all] Buzz cook Jan 31 OP

US companies Cirsium Jan 31 #1

Thanks. Buzz cook Jan 31 #3

The importer pays the tariff. This additional cost is, of course, ultimately passed on to the LoisB Jan 31 #2

Yes you're right. Buzz cook Jan 31 #4

Oil is a complex equation GreatGazoo Jan 31 #5

Rail JustAnotherGen Jan 31 #8

If Canada prices itself out Buzz cook Jan 31 #10

Trade Compliance Officer here JustAnotherGen Jan 31 #6

Thank you very much. Buzz cook Jan 31 #9

A very small manufacturer JustAnotherGen Jan 31 #7

They are exploring the end of de minimis GreatGazoo Feb 1 #11

I know JustAnotherGen Feb 1 #12