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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm stunned by how ignorant most Americans (and Trump supporters) are about how tariffs work.  Trump lies blatantly and announces that the Chinese will pay for the tariffs our government imposes on Chinese imported goods.  The public believes this lie.  Don't schools teach basic history and commerce to kids anymore?  It's frightening how stupid we've become.  [/quote]

Both sides are lying. As someone who engages in international trade and receives multiple invoices a week with tariff amounts paid, I know first hand how my little corner of the world is handling the tariffs: the Chinese suppliers are absorbing some, the US resellers are absorbing some, and end customers are seeing minimal price changes. So at least from my perspective, China is paying for *some* of the tariffs by way of lowered supply costs.

As to the macro effect of the tariffs, the analysis broadly agree: China is the one that stands to be hurt far more by them than the US. This is why whenever Trump has put in new tariffs, the US stocks have only dipped slightly and then recovered, while Chinese stocks dip and remain low. But no, the actions of seasoned analysts and investors who put their money where their mouth is are ignored. Instead we just have talking head son TV saying how the US is paying for all the tariffs. It is indeed frighteningly stupid. [/quote]

That was on 10% seemingly short term tariffs.  It's now 25% and seemingly long term.[/quote]

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