Posts Tagged ‘Tariffs’

June 16th, 2024 - 9:17 pm § in Donald Trump, Economics

Who pays tariffs?

Consumers do. In his first campaign, Trump claimed China would pay his tariffs. That’s false. The U.S. can’t make China pay taxes. All it can do is make Americans pay taxes on Chinese goods. Tariffs are imposed at the U.S. border when goods come into the country. They become part of the [...]

April 9th, 2018 - 3:13 pm § in Donald Trump

No tariffs on Ivanka’s made-in-China wares

She gets a special exemption. You didn’t really think Trump would tax his own daughter, did you? Of course not! What kind of father would he be, if he did that? ?Read story here. Photo: No tariff on this! Kinda unfair to Ivanka’s competitors, but what the heck, power has its perks.  [...]

March 4th, 2018 - 12:18 pm § in Donald Trump

About those steel and aluminum tariffs …

Stocks dropped last week after Trump announced his intention to impose tariffs on steel and aluminum imports. He didn’t base this action on economic arguments, but on national security, which makes sense. If we depend on Santa’s Workshop for steel needed for defense, and get into a confl[...]