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9/18/2018 7:33 am  #1


Donald Trump Does Not Understand How Tariffs work

At the White House, Trump wrongly said that
“China is now paying us billions of dollars in tariffs” and he celebrated the Treasury Department collecting “tremendous amounts of money, which is great for our country.”



In fact, tariffs are taxes that are paid by Americans who import goods from abroad.

Through the end of August, the administration had collected nearly $22 billion in revenue because of its new tariffs, according to the nonpartisan Tax Foundation.


https://www.washingtonpost.com/business/economy/trump-administration-slaps-tariffs-on-roughly-200-billion-more-in-chinese-goods--a-move-almost-certain-to-trigger-retaliation/2018/09/17/15ded2f0-b215-11e8-a20b-5f4f84429666_story.html?utm_term=.69acb8675c60

Last edited by Goose (9/18/2018 7:40 am)


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

9/18/2018 1:34 pm  #2


Re: Donald Trump Does Not Understand How Tariffs work

Why would we be surprised to learn that Trump doesn't understand how tariffs work?

 

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