Trump is wrong on how China tariffs work

[pismoe]

Trump won, right? So why all the crying from right field?

---------------------------------------- no crying coming from me , GO Trump GNut !!

 

[Deplorable Yankee]

some worst case scenarios ......flip mode
since everyone hates the USA

Citigroup sees the cumulative impact of U.S. tariffs eliminating as many as 4.4 million jobs even before Trump slaps tariffs on those remaining Chinese exports of about $300 billion.

IT should only happen I already would of had ten million ching chong peasants out of work

China’s economic growth could tumble, debt surge and foreign companies flee in a deepening trade war, economists warn as a week of escalating tensions forces them to ponder worst-case scenarios.

Bank of America Corp., Morgan Stanley and UBS Group AG say China’s expansion may slow below 6 percent under such a scenario for the first time in almost three decades. The 5.8% pace seen by chief Greater China economist Helen Qiao at Bank of America would create “a more dire growth environment than the number suggests.”

Analysts are assessing the damage to China’s role as the world’s supply hub as tariffs drive manufacturers overseas. They’re also warning of a spiraling of debt that’s already closing on 300 percent of output as the government cushions the blow with additional spending. Fresh curbs on Huawei Technologies Co.’s access to the U.S. market and American suppliers underscore the threat of economic containment China that is having to contend with.

“The potential long-term cost is huge,” said Larry Hu, chief China economist at Macquarie Securities Ltd. in Hong Kong. "They must know that Japan fell into the lost decade partly because the Bank of Japan overstimulated the Japanese economy after the Plaza Accord.”

Read it all
Bloomberg - Are you a robot?

Go merica!

 

[Dick Foster]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Let me get this right. You're gonna teach Donald Trump all about economics? Right!

 

[edward37]

TODAY

 

[McRocket]

TODAY

That gave me a good chuckle.

Thanks.

 

[Flopper]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

So many misconceptions, lies, and misrepresentations.
Here's how tariffs (duties) work. The importer of record pays the duty at the US port of entry based on a declaration of origin of the product.

The importer of record can be anybody who is responsible for ensuring that legal goods are imported in accordance with US laws. He or she is responsible for filing legally required documents and payment of the assessed import duties and other taxes to US Customs.

So who is really the importer of record that pays the duties? It can be the US company purchasing Chinese goods for sale such as Walmart. It can be the Chinese manufacturer or their agent in the US. It can also be a US import/export company who buys Chinese goods and wholesales them to retailers.

Does the Chinese or US government pay duties? Generally no.

Where does the money come from to pay duties? Mostly from the US consumers because the importers will pass the cost to retailers. The retailers may chose to absorb the cost of pass it on to consumers. Generally they do the later.

How are duties calculated for goods partial manufacture in China such as parts and sub-assemblies? The importers must specify the origin of parts and sub-assemblies within the product being imported. The duties payed are based on where those parts come from. So if half of a Samsung TV out of South Korea was manufactured in China, then the importer must pay duty on the Chinese portion of the TV. This means manufactures all over the world, including the US that uses parts made in China will pay duties on those parts.

What happens to duties collected by US Customs? They go directly into the US treasury just like any tax. So in effect US consumers are being taxed on goods imported from China or imported from other countries that contain products or parts manufactured in China.

Basically everybody loses in a tariff war except for the governments that are collecting the duties.

Customs duties in the United States - Wikipedia
Who Pays the Tariffs on China Imports? President Trump vs. CNN and What YOU Can do NOW to Reduce Your China Prices | China Law Blog

 

[Flopper]

jesus h whats stoppin the chinese from eating the ten percent on their end? apparently according to some reports not much!
if the chinese are covering the ten percent what does it matter if myself or a freight forwarder , a chink warehouse stuffed with chink nationals operating at of redhook ...OR goddamn ford pays the friggin duties...youre still not out the 10% and the consumer feels ungotz

That's not likely. 75% of China's exports go to countries other than the US and their domestic sales are 10 times their US exports. If China decides to take the any pressure off manufactures they can easily do so with their 3 trillion dollar cash surplus they are sitting on. So don't expect Chinese manufactures to foot the bill for Trump's tariffs. US consumers are going to be stuck with it in the form of higher retail prices.

 

[Zorro!]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

 

[McRocket]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...and the major tariffs have not even started yet and/or just started on some products.
The tariffs don't start the second Trump wants them...they take time.

And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't (unless a source for these products can be found that is as cheap as the originals...but if that were the case, why were the Chinese ones being bought in the first place?).

They won't largely change the inflation rate...there are not enough of them for that. But they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

 

[Flopper]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The importer, not the exporter pays the tariff to US customs when the goods are brought into the US. The major importers are wholesalers or major retailers such as Amazon, Walmart, and Target. Whether they pass it on to the their customers are eat the cost depends on the market. I have a friend who works for an electronic assembly plant. They are paying a million dollars in Trump tariffs every 3 months. They are eating part of the costs and passing the remainder on to their consumers.

The cost of most shoes in the US will be going up in price because China produces over 60% of the shoes in the world and US imports almost all of it's shoes.

 

[Zorro!]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...

The hell they haven't. The spike on the right is TENS of Billions in tariffs flowing into the US treasury.

In addition, part of why last quarter GDP surprised to the upside was due to Trump lowering the Trade deficit and so reducing the amount that the trade deficit subtracts from GDP.

...And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't...

Nonsense. Since US prices increases aren't even hitting the Fed's benchmark, yet clearly tens of billions are flowing into the US treasury, clearly consumers, on balance, are not paying these tariffs. Those that export to us a very likely reducing their prices, effectively covering the tariff. For example: Say I'm from China and I sell you a widget for $1. Trump puts a 25 cent tariff on it. If I reduce my price to 75 cents then the US consumer sees no change, but that quarter shows up as inflow to the US treasury, which is what we see today.

...they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

It's not happening. Consumer inflation is not an issue in today's economy.

 

[McRocket]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...

The hell they haven't. The spike on the right is TENS of Billions in tariffs flowing into the US treasury.

In addition, part of why last quarter GDP surprised to the upside was due to Trump lowering the Trade deficit and so reducing the amount that the trade deficit subtracts from GDP.

...And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't...

Nonsense. Since US prices increases aren't even hitting the Fed's benchmark, yet clearly tens of billions are flowing into the US treasury, clearly consumers, on balance, are not paying these tariffs. Those that export to us a very likely getting less for their product, effectively covering the tariff. For example. I'm from China and I sell you a widget for $1. Trump puts a 25 cent tariff on it. If I reduce my price to 75 cents then the US consumer sees no change, but that quarter shows up as inflow to the US treasury, which is what we see today.

...they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

It's not happening. Consumer inflation is not an issue in today's economy.

Use your fucking head.

The major Chinese tariffs did not start until recently. How the fuck could the government collect tariffs before they even started?

Trump started OTHER tariffs many months ago...THAT is the increase in tariff revenue.

DUH.


The Chinese do not pay tariffs on U.S. imports into America...DUH!!! Even Kudlow admitted that.

Kudlow acknowledges US will pay for China tariffs, contradicting Trump

You fucking moron.

Now piss off until you get an IQ over 80.

 

[Zorro!]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...

The hell they haven't. The spike on the right is TENS of Billions in tariffs flowing into the US treasury.

In addition, part of why last quarter GDP surprised to the upside was due to Trump lowering the Trade deficit and so reducing the amount that the trade deficit subtracts from GDP.

...And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't...

Nonsense. Since US prices increases aren't even hitting the Fed's benchmark, yet clearly tens of billions are flowing into the US treasury, clearly consumers, on balance, are not paying these tariffs. Those that export to us a very likely getting less for their product, effectively covering the tariff. For example. I'm from China and I sell you a widget for $1. Trump puts a 25 cent tariff on it. If I reduce my price to 75 cents then the US consumer sees no change, but that quarter shows up as inflow to the US treasury, which is what we see today.

...they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

It's not happening. Consumer inflation is not an issue in today's economy.

Use your fucking head.

The major Chinese tariffs did not start until recently. How the fuck could the government collect tariffs before the even started?

Trump started OTHER tariffs many months ago...THAT is the increase in tariff revenue.

DUH.

The Chinese do not pay tariffs on U.S. imports into America...DUH!!!

Not directly, we all know that. The previous tariffs have had no effect at all on consumer prices, likely because China cut their prices to cover the tariffs.

Kudlow acknowledges US will pay for China tariffs, contradicting Trump

What he actually said was: "White House economic adviser Larry Kudlow on Sunday acknowledged that the Chinese do not directly pay tariffs on goods coming into the U.S."

We all know that. They most certainly can cover the tariff by reducing their prices. They covered a dime, soon we will see if they can cover a quarter.

You fucking moron.

Now piss off until you get an IQ over 80.

You have a great day too.

Trump makes China pay US taxes without increasing US consumer prices, Yah Trump!

 

[McRocket]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...

The hell they haven't. The spike on the right is TENS of Billions in tariffs flowing into the US treasury.

In addition, part of why last quarter GDP surprised to the upside was due to Trump lowering the Trade deficit and so reducing the amount that the trade deficit subtracts from GDP.

...And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't...

Nonsense. Since US prices increases aren't even hitting the Fed's benchmark, yet clearly tens of billions are flowing into the US treasury, clearly consumers, on balance, are not paying these tariffs. Those that export to us a very likely getting less for their product, effectively covering the tariff. For example. I'm from China and I sell you a widget for $1. Trump puts a 25 cent tariff on it. If I reduce my price to 75 cents then the US consumer sees no change, but that quarter shows up as inflow to the US treasury, which is what we see today.

...they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

It's not happening. Consumer inflation is not an issue in today's economy.

Use your fucking head.

The major Chinese tariffs did not start until recently. How the fuck could the government collect tariffs before the even started?

Trump started OTHER tariffs many months ago...THAT is the increase in tariff revenue.

DUH.


The Chinese do not pay tariffs on U.S. imports into America...DUH!!!

Not directly, we all know that. The previous tariffs have had no effect at all on consumer prices, likely because China cut their prices to cover the tariffs.

...

Kudlow acknowledges US will pay for China tariffs, contradicting Trump

What he actually said was: "White House economic adviser Larry Kudlow on Sunday acknowledged that the Chinese do not directly pay tariffs on goods coming into the U.S."

We all know that. They most certainly can cover the tariff by reducing their prices. They covered a dime, soon we will see if they can cover a quarter.

You fucking moron.

Now piss off until you get an IQ over 80.

You have a great day too.

Trump makes China pay US taxes without increasing US consumer prices, Yah Trump!

What the fuck are you talking about?

First you talk about rising inflation. Then you talk about tariffs on goods that have not even been tariffed yet.

Now you are blathering on about the Chinese government lowering prices to cover tariffs?

You have not a fucking clue what you are talking about.


We are done here, for now. Waste someone else's time with your silliness.


Have a nice day.

 

[SassyIrishLass]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...and the major tariffs have not even started yet and/or just started on some products.
The tariffs don't start the second Trump wants them...they take time.

And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't (unless a source for these products can be found that is as cheap as the originals...but if that were the case, why were the Chinese ones being bought in the first place?).

They won't largely change the inflation rate...there are not enough of them for that. But they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

The DOW surged today on China's stunning reversal on the trade war.

Stick that one up your ass

 

[Thinker101]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...and the major tariffs have not even started yet and/or just started on some products.
The tariffs don't start the second Trump wants them...they take time.

And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't (unless a source for these products can be found that is as cheap as the originals...but if that were the case, why were the Chinese ones being bought in the first place?).

They won't largely change the inflation rate...there are not enough of them for that. But they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

So you're saying that Chinese crap that you enjoy buying and replacing every few months will be getting more expensive?

 

[Flopper]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...

The hell they haven't. The spike on the right is TENS of Billions in tariffs flowing into the US treasury.

In addition, part of why last quarter GDP surprised to the upside was due to Trump lowering the Trade deficit and so reducing the amount that the trade deficit subtracts from GDP.

...And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't...

Nonsense. Since US prices increases aren't even hitting the Fed's benchmark, yet clearly tens of billions are flowing into the US treasury, clearly consumers, on balance, are not paying these tariffs. Those that export to us a very likely reducing their prices, effectively covering the tariff. For example: Say I'm from China and I sell you a widget for $1. Trump puts a 25 cent tariff on it. If I reduce my price to 75 cents then the US consumer sees no change, but that quarter shows up as inflow to the US treasury, which is what we see today.

...they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

It's not happening. Consumer inflation is not an issue in today's economy.

The reason why Chinese exporters to the US are not going to slash prices to pay Trump tariffs is they don't need to for several reasons. First, Chinese prices are well below other low cost producers. Second, the cost to switch to another country is too much for many major customers like Apple. They have too much invested. Even for smaller customers it can be very risky moving to a new supplier when you consider the reason for switching, tariffs could disappear next month if an agreement is reach. That's not to say that some companies might offer small discounts, but they certainly will not pay the whole 25%. The lion's share of Trump tariffs will be paid by US companies. To cover costs, they will raise prices where they can and where they can't they will cut cost often by reducing labor costs. And companies that can't do either will be reporting lower earning by the end of the year.

What makes this particular bad, is that many these same companies will be facing high costs on goods coming from Mexico. For those companies that sell in Mexico and China, they may well see decreasing sales due Chinese and Mexican tariffs. In other words, some companies will be hit with higher import costs on goods they buy from both countries and potentially lower sales in those countries.

As the saying goes, the only winner in a trade war is the governments that collect tariffs.

 

[Zorro!]

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...

The hell they haven't. The spike on the right is TENS of Billions in tariffs flowing into the US treasury.

In addition, part of why last quarter GDP surprised to the upside was due to Trump lowering the Trade deficit and so reducing the amount that the trade deficit subtracts from GDP.

...And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't...

Nonsense. Since US prices increases aren't even hitting the Fed's benchmark, yet clearly tens of billions are flowing into the US treasury, clearly consumers, on balance, are not paying these tariffs. Those that export to us a very likely getting less for their product, effectively covering the tariff. For example. I'm from China and I sell you a widget for $1. Trump puts a 25 cent tariff on it. If I reduce my price to 75 cents then the US consumer sees no change, but that quarter shows up as inflow to the US treasury, which is what we see today.

...they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

It's not happening. Consumer inflation is not an issue in today's economy.

Use your fucking head.

The major Chinese tariffs did not start until recently. How the fuck could the government collect tariffs before the even started?

Trump started OTHER tariffs many months ago...THAT is the increase in tariff revenue.

DUH.


The Chinese do not pay tariffs on U.S. imports into America...DUH!!!

Not directly, we all know that. The previous tariffs have had no effect at all on consumer prices, likely because China cut their prices to cover the tariffs.

...

Kudlow acknowledges US will pay for China tariffs, contradicting Trump

What he actually said was: "White House economic adviser Larry Kudlow on Sunday acknowledged that the Chinese do not directly pay tariffs on goods coming into the U.S."

We all know that. They most certainly can cover the tariff by reducing their prices. They covered a dime, soon we will see if they can cover a quarter.

You fucking moron.

Now piss off until you get an IQ over 80.

You have a great day too.

Trump makes China pay US taxes without increasing US consumer prices, Yah Trump!

What the fuck are you talking about?

We are discussing tariffs.

...First you talk about rising inflation....

I pointed out the LACK of inflation. Here, let me simplify it for you:
i) Tariffs are collected by the importer and paid to the US government.
ii) Consumers are not, on balance, paying higher prices.
Therefore:
iii) Consumers are not paying the tariffs.

...Then you talk about tariffs on goods that have not even been tariffed yet...

I'm discussing tariffs that have already been paid. This graph only includes PAID tariffs.

... you are blathering on about the Chinese government lowering prices to cover tariffs?...

Chinese Exporters.

...You have not a fucking clue what you are talking about.

We are done here, for now. Waste someone else's time with your silliness.

Have a nice day.

You have a nice day too.

 

[Zorro!]

'President Trump said in a Twitter thread Friday that China is paying billions of dollars to the U.S. Treasury due to tariffs hours after he reignited the trade war with a tariff spike. This is a claim he's made before, including back in January, when he said it twice during a press conference and on Twitter.

Reality check: The tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.'

President Trump is wrong on how China tariffs work

What a fucking idiot Trump is...he does not even know how a tariff works.

Hey MORON...it's an import tariff. Why the fuck would China pay for an import tariff? Moron.

What a useless piece of shit he is.

Actually, he has a point.
i) The tariffs are being paid.
ii) Prices for American consumers on balance are stable.
therefore
iii) Americans aren't really paying these tariffs.

Reuters reported,

"China on Friday threatened to unveil an unprecedented hit list of 'unreliable' foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.​

"The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant."​

Communist China makes a profit of $1 billion a day doing business with the United States, in large part because it bought off American presidents and the Chamber of Crony Capitalists.

We are not engaged in free trade because Red China is a communist country that uses slave labor. We should never have let it enter the World Trade Organization.

Real Americans should have no sympathy for those "American" companies hit by this. They sold us out.

And remember, tariffs are a voluntary tax. Buy American and avoid them.

Don Surber: Highlights of the News

The tariffs have not even begun to be felt yet...and the major tariffs have not even started yet and/or just started on some products.
The tariffs don't start the second Trump wants them...they take time.

And prices WILL rise on those goods that are tariffed...it is IMPOSSIBLE that they won't (unless a source for these products can be found that is as cheap as the originals...but if that were the case, why were the Chinese ones being bought in the first place?).

They won't largely change the inflation rate...there are not enough of them for that. But they will hurt consumers - especially the lower income ones who depended on those cheap Chinese imports to make ends meet...a few dozen extra dollars per month could mean a TON to them.

The DOW surged today on China's stunning reversal on the trade war.

Stick that one up your ass

Trump's right on the US negotiating strength compared to the China's

The Bears and the anti-Trumpers were as confident as Hillary's pollsters when the polls closed on election night 2016.