We all now Fat Donny ‘lies his ass off’, but today’s LIE, about China paying tariff’s was especially egregious, as he spooked world markets with his threat of ‘more and bigger’ tariffs.
The LIAR in Chief claimed Chief PAID the tariffs, which is an outright LIE. Surprise!
The tariffs are paid by US consumers, not China, and hurt our economy, not help it.
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars....
Another Big Fat Lie, but what’s news, as his clueless gullible sheep don’t give a shit, and the rest of us already know.
In fact, American consumers absorb the cost of tariffs on imported Chinese goods by paying higher prices for the products. The added costs are essentially a regressive tax on consumers because they’re not linked to income levels.
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