Reply to China Retaliates Against the U.S. With Its Own Higher Tariffs

Forum Index » Political Discussion

Reply to "China Retaliates Against the U.S. With Its Own Higher Tariffs"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I don’t want China owning Americans. [/quote]

Um, ok.  Slavery has been outlawed for some time.  Why not read what Trump's economic adviser thinks is going to come of these tarriffs.  Hint we will all pay more.
[quote]
The White House's top economic adviser has acknowledged that U.S. consumers and businesses pay the tariffs that the Trump administration has imposed on billions of dollars of Chinese goods, even as President Trump himself insisted in a tweet, incorrectly, that China pays.

Chris Wallace, host of "Fox News Sunday," asked him, "It's U.S. businesses and U.S. consumers who pay, correct?"

"Yes, I don't disagree with that," said Larry Kudlow, the head of the president's National Economic Council.

Kudlow added, "Both sides will pay," but he stipulated that China "will suffer (economic) losses" from reduced exports to the U.S., not from paying the tariffs.

Kudlow's admission contradicts many of Trump's comments and tweets to the effect that Chinese companies pay the tariffs in what amounts, in the president's view, to a massive transfer of wealth to the United States from China. Yet almost no economist has agreed with Trump's view and fact-checkers routinely brand Trump's assertion false and point out that American importers of goods from China pay the tariffs.

Trump has also asserted that trade wars are "easy to win," but Kudlow accepted that they come with costs for the U.S. economy, though he downplayed the impact.[/quote][/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics