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Political discussion involving past and present political events, candidates and elections. Please read Msg #1 before posting.


How does this work, exactly?
Posted by MikeC/TX of TX on 8/13/19 7:11pm Msg #72770
Trump announces he's going to impose additional tariffs on Chinese imports starting September 1, repeating his lie that China is paying us billions of dollars in tariffs. Aside from the fact that China is not paying a dime - the tariffs are paid by the importers on our side and passed along to consumers - China has devalued its currency, making their goods cheaper to import even with the tariffs. So where are these billions of dollars coming from? They're coming from your wallet. I don't know why the Trump cultists can't grasp that basic economic concept, but that's how tariffs work - they are essentially a tax on the consumer.

Today, Trump announced that he is delaying imposing many of those tariffs until December because of concerns about how they might affect the Christmas shopping season.

Why?? He's been telling us that China is paying the tariffs and prices for consumers will not go up. If that's true, why would all of that money China is allegedly paying us have a negative effect on our Christmas shopping season? Is it possible that Trump is admitting that he is lying to us? Do YOU, Trump cultists, finally realize that this has all been a con and he has been lying to YOU?

His trade policy is a dumpster fire - no side ever wins a trade war, and the last major one we had pushed us and the rest of the world into the Great Depression.

Google "Smoot–Hawley Tariff Act". Trump has no concept of history because he doesn't read and has shown an incredible ignorance of history. As the saying goes: Those who do not learn from history are doomed to repeat it...
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 How does this work, exactly? - MikeC/TX on 8/13/19 7:11pm



 
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