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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAP FACT CHECK: Trump's fallacious tariff tale
WASHINGTON (AP) In escalating his trade war, President Donald Trump is persisting in his deceptive argument that tariffs are a pure win for the U.S. and a loss for China. He will not acknowledge that the costs of tariffs are being borne by Americans.
Trump has vowed to impose a blanket tariff of 25% on everything Americans buy from China. That would mean raising tariffs from 10% on $200 billion worth of goods by the end of the week and hitting an additional $325 billion in Chinese products with the same penalty shortly. His skewed explanation of how tariffs work a staple of his rhetoric unfolded over Twitter, where he also spread a false assertion about hurricane aid to Puerto Rico.
TRUMP: 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. tweet Sunday.
THE FACTS: This notion of a transfer of wealth from China to the U.S. isnt happening.
Trump has vowed to impose a blanket tariff of 25% on everything Americans buy from China. That would mean raising tariffs from 10% on $200 billion worth of goods by the end of the week and hitting an additional $325 billion in Chinese products with the same penalty shortly. His skewed explanation of how tariffs work a staple of his rhetoric unfolded over Twitter, where he also spread a false assertion about hurricane aid to Puerto Rico.
TRUMP: 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. tweet Sunday.
THE FACTS: This notion of a transfer of wealth from China to the U.S. isnt happening.
https://www.apnews.com/241205da8ec24cb2a7c591aa08b2d4e1
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AP FACT CHECK: Trump's fallacious tariff tale (Original Post)
spanone
May 2019
OP
China's won't pay any tariffs. The importers do and then pass the cost along to the consumers (us).
mobeau69
May 2019
#1
I'm sure he thinks he knows more than anybody else. I don't think he's a learner.
spanone
May 2019
#3
mobeau69
(11,133 posts)1. China's won't pay any tariffs. The importers do and then pass the cost along to the consumers (us).
So simple a trumpkin could almost understand it.
PoindexterOglethorpe
(25,816 posts)2. Why aren't those around him telling him that?
spanone
(135,795 posts)3. I'm sure he thinks he knows more than anybody else. I don't think he's a learner.
Wounded Bear
(58,603 posts)4. Trump always thinks he's the smartest guy in the room...
he generally isn't.
malaise
(268,714 posts)7. Generally?
GReedDiamond
(5,310 posts)13. Perhaps when Dummie Jr is in the room with Orange Moron...
...Orange Moron is the smarter of the two.
That's about the only scenario I can think of where OM is the smartest one in the room.
malaise
(268,714 posts)14. Hehehehehehhe
OK then
PoindexterOglethorpe
(25,816 posts)5. I know.
I know that, but it still distresses me that it really does not seem as though any of his so-called advisors ever seem to make any attempt whatsoever to correct his factual misinformation. And if the issue is they're more concerned about keeping their jobs, then I have nothing but contempt for anyone with such non-existent ethical standards.
spanone
(135,795 posts)6. I think if you do that you're probably gone. I think job keeping is 90% of your job in DC.
Otherwise it makes no sense to me. To support this man is just beyond the pale.
PoindexterOglethorpe
(25,816 posts)12. Which applies equally to elected officials, unfortunately.
yonder
(9,657 posts)8. "I don't think he's a learner." Gotta say, that made me laugh.
spanone
(135,795 posts)9. maximum understatement....😎