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Trump has now raised taxes on Americans by $62.5 billion

Trump has now raised taxes on Americans by $62.5 billion | Trump says the Chinese government is paying money into the U.S. Treasury. Wrong: U.S. importers of Chinese goods are paying the tariff, not the Chinese government. These American companies will raise the prices you pay to cover it. | image tagged in trump,trade,china,tariff,prices,horses ass | made w/ Imgflip meme maker
1,506 views 4 upvotes Made by anonymous 6 years ago in politics
2 Comments
1 up, 6y
Unlike “taxes on Americans”, we have the choice of purchasing American-made products instead of the higher-priced Chinese products. So by your logic, Trump has now increased the demand for American-made products which means he increased the number of American jobs which means he increased income tax revenue . . .
0 ups, 6y
Mocking Spongebob Meme | Price competition pwessures markets To find cheapah suppwiers | image tagged in memes,mocking spongebob | made w/ Imgflip meme maker
He may not personally grasp the fundamentals of how tariffs work, or more likely his usual hyperbole to drive the left more insane, but his administration’s policy is still valid. US markets, and therefore consumers, will not pay the inflated prices for long, cheaper suppliers will be sourced causing Chinese business revenue to drop, leading to pressure to renegotiate favorable trade deals.
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Trump says the Chinese government is paying money into the U.S. Treasury. Wrong: U.S. importers of Chinese goods are paying the tariff, not the Chinese government. These American companies will raise the prices you pay to cover it.