Comment by techpineapple

I have trouble getting my head around what the exact impact of tariffs are

Here is how it works:

1) When WalMart imports goods from a foreign country, they receive a bill from Homeland Security listing the tariff amount due on the shipment. If WalMart don't pay, their next shipment gets impounded by customs until the outstanding bill is paid.

2) When WalMart pays extra, they raise prices so you pay extra.

3) The US government has more money. You have less money (due to price inflation). Yaaay taxes!!!

NOTE: Contrary to some repeated claims (aka lies), tariff bills are never sent to any foreign country. Because the US government has no means of forcing them to pay.