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The Telecom Regulatory Authority of India (TRAI) took a strong note of telecom service companies not providing outgoing SMS facility in certain prepaid vouchers.
Price. that puts essentially a tax on their shareholder. it's coming out of the profitability. or they simply mark the tariff value up into the retail price of the goods. and that puts the burden of the tariff on the american consumer. essentially creating a consumption tax. so tariffs are paid by lt consumer. never paid by the country in which the tariff is imposed. it's a foolish view. >> let's talk about that. >> we are taking in billions and billions of dollars in to our treasury. and companies are leaving china because they want to avoid paying the large tariffs. and by the way, when the ...
Sweater. it's now a 25% more expensive than it would otherwise have been. so they have two choices here essentially, one is swallow the step up in price. that puts essentially a tax on their shareholder because it's coming out of their profitability. or most likely they simply mark the tariff value up into the retail price of the goods. and that puts the burden of the tariff on the american consumer. it essentially creates a consumption tax. so tariffs are paid by the consumer. they're never paid by a country in which the tariff is imposed. >> okay. >> this view is just a foolish view. >> okay...