President Donald Trump's claims that the new tariffs imposed on Chinese goods are paid for by Chinese companies have been discredited by a new report.
However, while Trump suggested the U.S. held all the cards in the dispute and that businesses would leave China to avoid paying increased levies, the IMF believes the bills are being footed by U.S. companies instead. "While the direct effect on inflation may be small, it could lead to broader effects through an increase in the prices of domestic competitors,” the IMF said.
The graphic below, provided by Statista, illustrates how existing and proposed U.S. tariffs would become much higher than those of other advanced economies.
Yup. The stable genius that went bankrupt 5 times is killing American businesses with his tariffs. No worries Fuhrer Trump will bail them out and tack it on to the 1.4 Trillion Plus he expects America's working poor to pay back.
🤕🤕
As usual, Trump is lying. The problem is that illiterate cult followers will believe him.
Ultimately it is the American consumer who pays for Trump’s infamous tariffs.
Of course they're paid for by Americans, just like Trump's wall.
Those costs ultimately get passed to the consumer, so it's US citizens that are paying the tariffs. And since taxpayer money is being given to Farmers as relief for lost exports, we are paying twice. Just like we are paying for Trump's wall. Trump is gouging us.
Not true , Chinese companies are paying the tariff to stay in business or relocating to Vietnam and Thailand
China pays no tariff on their end?
Trump has zero understanding of economics
Every tweet should start with the following. Liar, Donald Trump.
Kind of like Mexico is paying for your wall
He does not get it
No one is dumb but you and your supporters
Is he clueless or is he a con? DonTheCon China tariffs fakepresident IllegitimatePresident
I'm honestly not sure if Trump knows how tarrifs actually work :-)
“Paid by consumers” stupid autocorrect
Now if you could just figure out who pays corporate taxes. That'd be great... thaaaaanks. A temporary tariff as a negotiating tactic is acceptable. I just wish that an earlier potus would've intervened... we've been getting ripped off for decades.
Sorry you were fooled. I stopped believing Trump long, long ago.
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