1 of 1- Goose
- Cogito ergo sum
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Kudlow acknowledges U.S. consumers, not China, pay for tariffs
Kudlow acknowledges U.S. consumers, not China, pay for tariffs on imports
National Economic Council Director Larry Kudlow acknowledged Sunday that American consumers end up paying for the administration’s tariffs on Chinese imports, contradicting President Trump’s repeated inaccurate claim that the Chinese foot the bill.
In an appearance on “Fox News Sunday” two days after U.S.-China trade talks ended with no news of a deal, Kudlow was asked by host Chris Wallace about Trump’s claim.
“It’s not China that pays tariffs,” Wallace said. “It’s the American importers, the American companies that pay what, in effect, is a tax increase and oftentimes passes it on to U.S. consumers.”
“Fair enough,” Kudlow replied. “In fact, both sides will pay. Both sides will pay in these things.”
Pressed again by Wallace, Kudlow acknowledged that China does not actually “pay” the tariffs.
“No, but the Chinese will suffer GDP losses and so forth with respect to a diminishing export market,” he said.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- tennyson
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Re: Kudlow acknowledges U.S. consumers, not China, pay for tariffs
Tillerson was certainly spot on about Trump -- he IS a F---ing MORON !
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
- Goose
- Cogito ergo sum
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- Registered: 1/29/2015
- Posts: 13,427
Re: Kudlow acknowledges U.S. consumers, not China, pay for tariffs
True. But trump has a keen understanding of what he can get away with saying to f@$#ing morons.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
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