Donald Trump claims China is paying for higher tariffs, but economists say it's U.S. companies and consumers
Economic analysts, including the White House's own adviser, appeared baffled by President Donald Trump's claim Sunday morning that the U.S. economy is doing well because of tariffs placed on Chinese imports and his assertion that China — and not U.S. companies — have paid billions because of these tariffs.
As The Tax Policy Center points out, neither China's government nor Chinese companies pay on U.S. tariffs on Chinese imports. Instead, the U.S.-based companies that import these goods pay the additional money, and often end up passing these costs onto American consumers or be faced with lowering their own profit margins.
This research showing that Americans, and not China, ultimately pay for tariffs appears to run counter to the president's claims from Sunday morning. On Twitter, several economic analysts and journalists continued calling out Trump's apparent reversal of how trade tariffs work. An adviser in his own White House, Director of the U.S. National Economic Council, Larry Kudlow appeared on Fox News, where anchor Leland Vittert confronted Ludlow with his own 2011 words about a Chinese tariff battle.
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