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Re: Looks like Trump made things worse with China

By: clo in ALEA | Recommend this post (0)
Mon, 13 May 19 9:24 PM | 49 view(s)
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Msg. 30034 of 54959
(This msg. is a reply to 30031 by Cactus Flower)

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and....

He's going to subsidise farmers, again, with TAXPAYERS money!
and he's threatening to increase the tariffs!

what an imbecile.

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True.




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DO SOMETHING!


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The above is a reply to the following message:
Looks like Trump made things worse with China
By: Cactus Flower
in ALEA
Mon, 13 May 19 8:13 PM
Msg. 30031 of 54959

because his pea brain cannot understand that tariffs are paid by customers rather than suppliers.

Trump's tariffs increase the taxes US consumers pay to purchase Chinese goods.

So basically, he reduced taxes on the 1% and increased them on folks who buy cheap Chinese goods. Not quite what he claimed he would do.


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