Wrong. Tariffs are collected at points of entry, even if merchandise is not sold. Don't buy anything from China and you won't be reimbursing China for the tariffs.
One of three things will happen, depending on the cost of the item, the tariff, and the availability of similar products.
1. The consumer will pay the higher price with tariff.
2. The consumer will choose an alternative product from America or another country.
3. The comsumer will not buy any product.
Your assumption is based on all consumers selecting the first option, when ANY of the three options are possible. It might lead to some short term higher prices, but this seems like the only way to get a more even trade balance with China.
He's lying. As you know the cost gets passed down to the American consumer. The company owners in China will actually make more profit because they increase their prices, Trump is trying to help Ivanka Trump's numerous Chinese companies make more profit.
Well, I'm assuming he's at least right in that the US government is getting revenue from the tarrifs. China is set to take over as the richest country in the world in market share, if nothing is done to change the trillions of dollars a year flowing from almost every country in the world, to them. US trade deficit is trillions a year to China. Not necessarily bad, for them. If you were smart, you'd keep the money in the US, buying US products, or even Mexican products, to solve that problem, and give more back through the government to help out the poor. More money in the country, more money for everyone, if you can learn to share. If you can't, screw you, die, you capitalist pigs.
Answers & Comments
Verified answer
ignorant imbecile conning his supporters
When will people realize Trump is a liar and a fraud. Probably never people are dumb
Wrong. Tariffs are collected at points of entry, even if merchandise is not sold. Don't buy anything from China and you won't be reimbursing China for the tariffs.
No... This is an oversimplified analysis.
One of three things will happen, depending on the cost of the item, the tariff, and the availability of similar products.
1. The consumer will pay the higher price with tariff.
2. The consumer will choose an alternative product from America or another country.
3. The comsumer will not buy any product.
Your assumption is based on all consumers selecting the first option, when ANY of the three options are possible. It might lead to some short term higher prices, but this seems like the only way to get a more even trade balance with China.
He's lying. As you know the cost gets passed down to the American consumer. The company owners in China will actually make more profit because they increase their prices, Trump is trying to help Ivanka Trump's numerous Chinese companies make more profit.
Well, I'm assuming he's at least right in that the US government is getting revenue from the tarrifs. China is set to take over as the richest country in the world in market share, if nothing is done to change the trillions of dollars a year flowing from almost every country in the world, to them. US trade deficit is trillions a year to China. Not necessarily bad, for them. If you were smart, you'd keep the money in the US, buying US products, or even Mexican products, to solve that problem, and give more back through the government to help out the poor. More money in the country, more money for everyone, if you can learn to share. If you can't, screw you, die, you capitalist pigs.
Some of the tariff will be passed onto American consumers, some will be accepted by Chinese manufacturers.
Democrats regularly promote taxes that will be paid 100% by Americans,
He's an idiot. Genius, my аss.
Trump heard that Whigs loved tariffs.
And trump loves wigs, so...
Democrats don’t mind raising our taxes so enjoy these taxes.