Yeah, he wants to appeal to soccer moms in 2020 but without securing IP why should anyone vote for him? Go whole hog or go home. There is no certainty that he can win the senate or the house. he needs to get China's attention focused on economic growth and the survival of the CCP. Go to 75% on all tariffs and get XI's attention on the possibility of a warring states period.
Trump is a certified liar and any republican believing him should be put away
By Jane C. Timm
President Donald Trump told an Ohio audience Thursday that China is footing the bill for the massive tariffs he's slapped on foreign goods coming into the United States.
“Don’t let them tell you, the fact is — China devalues their currency, they pour money into their system. Because of that, you’re not paying for those tariffs. China’s paying for those tariffs,” the president said,
hours after announcing the new set of tariffs on Chinese goods. “Until such time as there is a deal, we will be taxing the hell out of China.”
But economists say that's not how tariffs work, and that Americans are the ones footing the bill so far.
The fac
Trump has long championed his methods —
last year he dubbed himself "Tariff Man" — as righting wrongs inflicted on the U.S. by other countries. But most economists agree a trade war hurts the economy and consumers alike.
Tariffs are taxes on goods coming in to the U.S., paid by the importer. The exporter — in this scenario, China — doesn't pay a thing.
"All of the U.S. tariffs have been passed to U.S. importers, U.S. retailers, U.S. consumers,” said Stephen Redding, a Princeton University economist and author of
a recent study analyzing the effects of Trump’s trade war in 2018. “Somebody in the U.S. is paying higher prices.”
Fact check: Is America actually getting rich off Trump's tariffs?
MAY 14, 201901:03
Trump's suggestion Thursday that China’s currency devaluations are paying for tariffs doesn't hold water either, Redding said.
"Although there has been a small devaluation of the Chinese currency, that’s just too small to make any difference," he said.
Tariffs are designed to make foreign-made goods more expensive, boosting domestic producers or, sometimes, forcing international exporters to slash prices to stay competitive. But there's no evidence China is cutting prices to accommodate Trump’s tariffs.
