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So much for the STUPID idea that China is paying tariffs:...
If Trump thinks that the Chinese pay the tariffs when we slap a tariff on their goods, I wonder if he'd be willing to admit that we pay tariffs to China when they slap a tariff on our goods?
China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods.
Beijing will increase the tariffs to 25% from 10% on June 1, the Chinese Finance Ministry said Monday. It follows President Donald Trump’s decision to raise duties on $200 billion in Chinese products to 25% from 10% as the world’s two largest economies struggle to ink a new trade deal.
[...]
The duties in large part target the U.S. agriculture industry, which has suffered from previous shots in the Trump administration’s trade war with China. The thousands of targeted products include peanuts, sugar, wheat, chicken and turkey.
The more educated people in Trump admin admit the US Consumer pays the tariffs, so it is only Trump and his hard core loyalists who still insist China pays them.
If Trump thinks that the Chinese pay the tariffs when we slap a tariff on their goods, I wonder if he'd be willing to admit that we pay tariffs to China when they slap a tariff on our goods?
Well, now we are officially where we were 17 months ago...with little hope. Thanks Trump!
You know, he's like that a-hull in the sandbox who spits, vomits and otherwise messes it up. Then, that's not enough for him. He has to come to where YOU are playing and spit all over that playground equipment. Sooner or later he must **** everyone off and ruin their day.
Attention is attention. He doesn't care how he gets it.
Eventually we'll see how many of you are "voting for pain now to offset it later" and how many are lemmings being led over the cliff. Maybe when you lose your own jobs you will start thinking. It happens all of a sudden....you won't see it coming.
Sounds like China is interfering in the up coming election.
Its going to cost them more in Trump's second term.
You mean to say it's going to cost US more.
Amazing...in a generation we go from having pensions and defined benefits to self-funded. The government and business tells us "if you save and invest you will be OK"....
Then.....well, all of a sudden our investments mean little. They are just ammo for Trump...a fella ignorant enough to not understand that 80% of China's market is IN CHINA.
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