Trump: 'China is paying us millions of dollars in traiffs'

[left-of-center2012]

Trump said today in his 'press conference' that
"China is paying us millions of dollars in traiffs".

No. U.S. taxpayers are paying the tariffs.

[guillaumeb]

1. And Mexico is paying for that wall.

And Trump will be so busy being President that he will never have time to play golf.

[Ferrets are Cool]

2. Even IF that was true, who is the fucking "US"?

Sheesh. His depths of stupidity know no bounds.

[Pachamama]

3. That is a whopper of a lie....

Good thing my drinking game for Trump Lies isn't tied to how many millions of dollars that AMERICANS are paying for the tariffs...

[Roland99]

4. It's a bit more complicated. But, yeah, China ain't paying directly

Importers based in the US pay the tariff (tax) to US Customs and Border Patrol. They’ll in-turn charge a higher price to the distributor who charges a higher price to the wholesaler who charges a higher price to the retailer who charges a higher price to the consumer

It doesn’t typically end up being a $1 : $1 increase at the consumer-level so it means someone, somewhere is taking a hit to profits

And those higher prices could indeed cut into revenue for Chinese mfrs but only if the prices are deemed too high by consumers

[Igel]

5. Then there's the hit that's not paid.

If they increase price they lose business.

If they find a business no longer profitable because they can't increase prices beyond a certain point they pull out of the market.

Yeah. The problem with a lot of things isn't that the news is incomplete.