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Trump claims that when he puts a 20% tariff on an import that costs $100 wholesale, somehow CHINA pays $20. This is clearly untrue. What happens is the importer pays $100 to the Chinese and $20 to the US government. The wholesale price, which was once $100, is now $120. And the retailer will have to raise the price at least $20 to make the same profit as before. The American consumer will pay the new higher price.That is what Trump says, if he believes it, he is stupid. If he knows the truth, he is stupid if he thinks that the American consumer believes him.He was a COWARD because he did not withdraw from Afghanistan himself. A gutless, spineless coward.
Trump claims that when he puts a 20% tariff on an import that costs $100 wholesale, somehow CHINA pays $20. This is clearly untrue. What happens is the importer pays $100 to the Chinese and $20 to the US government. The wholesale price, which was once $100, is now $120. And the retailer will have to raise the price at least $20 to make the same profit as before. The American consumer will pay the new higher price.
That is what Trump says, if he believes it, he is stupid. If he knows the truth, he is stupid if he thinks that the American consumer believes him.
He was a COWARD because he did not withdraw from Afghanistan himself. A gutless, spineless coward.
