Posted on 05/14/2019 2:20:31 PM PDT by cba123
As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: "Kudlow Contradicts Trump on Tariffs."
The story began: "National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports, contradicting President Trump's repeated inaccurate claim that the Chinese foot the bill."
A free trade evangelical, Kudlow had conceded on Fox News that consumers pay the tariffs on products made abroad that they purchase here in the U.S. Yet that is by no means the whole story.
A tariff may be described as a sales or consumption tax the consumer pays, but tariffs are also a discretionary and an optional tax.
If you choose not to purchase Chinese goods and instead buy comparable goods made in other nations or the USA, then you do not pay the tariff.
(please see full article, at the link)
(Excerpt) Read more at cnsnews.com ...
In a few months, companies that start to lose money in China will start moving to other countries. They win, the country thy move to wins, the consumer wins, Trump wins. The only loser is China.
Pat isn’t and never really was
yep.....
China can still sell the rest of the world
Richard Nixon was also impressive in his grasp of world politics, but few read his books.
Howie Carr had Buchanan on as a guest. He makes a better case than Trump’s advisor, Kudlow. Interesting that Howie should have Rudy Giuliani on, following Pat.
I was behind from behind enemy lines watching the Kemp bash 187, as these frauds like Kemp took the crown jewel of the U.S. and destroyed it, as the invasion spread from coast to coast. Millions of illegals were totally emboldened by posers like Trump. Spit*
Millions of illegals were totally emboldened by posers like KEMP.
I don’t I think my source that China was absorbing the tariffs was Trump tweets.
But it doesn’t really matter. The tariffs make it easier for US companies to compete. They make it more profitable to start competitors against Chinese products in the US. They will eventually bring US jobs and manufacturing back, especially in products where labor is not that big of a component. (The wage differential dwarfs a 25% tariff, so the more labor component, the more likely the product manufacturing is to stay in China).
Our forefathers viewed tariffs as a tax on foreigners wanting to sell into our market. It’s really semantics on whether China pays or the US pays. And who pays is really only meaningful in the short run. In the long run the tariffs create a home court advantage for the US.
I don’t I think my source that China was absorbing the tariffs was Trump tweets.
But it doesn’t really matter. The tariffs make it easier for US companies to compete. They make it more profitable to start competitors against Chinese products in the US. They will eventually bring US jobs and manufacturing back, especially in products where labor is not that big of a component. (The wage differential dwarfs a 25% tariff, so the more labor component, the more likely the product manufacturing is to stay in China).
Our forefathers viewed tariffs as a tax on foreigners wanting to sell into our market. It’s really semantics on whether China pays or the US pays. And who pays is really only meaningful in the short run. In the long run the tariffs create a home court advantage for the US.
The taxes are paid by the importing company in America and the bill is then passed on to the American that buys the product. Kudlow is right and Trump is either confused or lying.
OK, I get it. Now, in 1988, who do you vote for? Prop 187 hasn’t even been conceived yet.
And over the long run, American produced goods that don’t have to pay the tax will have an advantage over the imported goods. At which point nobody is paying the tariff and Americans are employed, which is the point.
But anyone who thinks we can build tariff barrier around America, and get rich by selling stuff back and forth to ourselves at ever increasing prices, needs a checkup from the neck up.
America's greatest years of prosperity were the years that we were making things that the rest of the world wanted to buy.
And the worst products we ever made came from companies that did not have to worry about overseas competition.
Amen!
The Neocon globalists are anti-protectionists.
Pat loves this country, more than can be said for Bush League Republicans who want to turn it into North Mexico.
Agreed.
The Trotskyists that after WWII usurped the RNC - turning the GOP [Grand Old Party] into the COP [Controlled Opposition Party] - removed the tariff plank from the party platform.
They hated Goldwater, Reagan, Buchanan, and Trump. They hate conservatives and nationalists.
They hate Americans.
Our greatest prosperity years were when Europe was mostly rubble, England was broke and fading fast, all of Asia was in ruins, and we were the only ones making things the rest of the world could either buy from us or do without.
Our greatest period of prosperity prior to that was during the era when tariffs were the primary source of revenue for the Federal government and individuals could readily find decent jobs that allowed them to purchase what other Americans made.
The Free Traitor BS is like the Globull Warming crowd when it comes to an extremely distorted, selective, look at history.
Have a lovely day
Knew this was coming sometime when at a Department Store two displays of Blue Jeans were side by side. One ‘Made in the USA’ price $39.99 the other ‘Made in Mexico’ $19.99. The $19.99 display was barren because consumers didn’t care where they were made as long as they could get a lower price. Damn the consequences. (PS There was a Decorated Truck bound for a Democrat Campaign Rally in the parking lot. Ironic, right?)
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