Yet another independent study just found Americans have been stuck paying Trump's tariffs - Business Insider

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Yet another independent study just found Americans have been stuck paying Trump's tariffs

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The costs of punitive tariffs that rolled out against China over the past year have largely fallen on US businesses and consumers, the New York Fed said Monday.That contradicts a repeated claim by President Donald Trump that China pays tariffs.

The findings added to a long string of research that has contradicted a repeated claim by President Donald Trump: that foreign exporters have paid the import taxes of up to 25% on thousands of products. "China is paying us tremendous — and they're paying for it," Trump said at a Cabinet meeting last week. "Those tariffs are not paid by us. Those tariffs are paid because they're devaluing their currency and pouring cash into their economy."

 

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GlennKesslerWP Duh

One doesn’t need to be genius to foresee this average IQ is more than enough

The trade deals with China was the problem to begin with and now Trump added to it with tariff nonsense.

GlennKesslerWP 20 years of the betrayal of Americans by you would-be-oligarchs who serve Chinese masters takes some time to reverse.

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