Subject: Re: Tariffs and (are) hidden taxes
How does the foreign producer pay the tax?

On this point, it would be interesting to see what percentage of imports to the US have more than just a tiny amount of elasticity. Which products have such a high mark-up that the producer can afford to eat a percentage of the product's production without deleterious effects to the business?

We have heard about certain businesses that have only a 1-3% profit margin. Are these simply anomalous? Have foreign producers been able to jack up prices for them to take their (quarter or whatever) share of the tariff?

Pete