I don’t care which it is. Either way is bad. Tariffs are being paid by American businesses and consumers. This has been pointed out many times before so I think he’s just lying.
China is paying the U.S. zero dollars in tariffs. Zero. https://t.co/3dhfdkcAy8
— Ben White (@morningmoneyben) February 17, 2019
If Trump still think that China pays the tariffs, this must be a helluva briefing session https://t.co/IkdArEdXtr
— Matthew Waxman (@mattwaxman1) February 17, 2019
How Tariffs Work, and Why China Won’t See a Bill https://t.co/44W7eIB0u2
— Executive-Time Bong Hits (@jerweber) February 16, 2019
No, actually the billions are not being paid by China. They’re being paid by American consumers. Tariffs are paid by consumers, not by countries. They’ve a tax on imports. https://t.co/KrXYbH7o5C
— Bob Rae (@BobRae48) February 17, 2019
China raised equal trade tariffs on the United States. It’s a zero sum game, well minus an increase in the cost of manufactured goods that require steel and aluminum for American consumers and the pain being caused to farmers.
— James Kosur (@JamesKosur) February 17, 2019
You really don’t understand how all of this works. There isn’t a big bucket of money China hands over called tariffs. TARIFFS ARE TAXES PASSED ON TO THE CONSUMER MEANING WE PAY MORE FOR THAT PRODUCT. For tonight’s Executive Time activity, play with a Boston Tea Party legos. pic.twitter.com/chaGXeWHRD
— Melissa (@melissadawes) February 17, 2019
So it looks like Trump may have gotten his aluminum prices mixed up. According to metals ace @JoeDeaux Trump appears to have quoted global (LME) prices. The picture for US domestic buyers is, er, a little different… https://t.co/QS1czt379b
— Shawn Donnan (@sdonnan) March 8, 2019
Sad! 