Tax hikes are a win?
Who better to pay taxes than the buyers of foreign made goods? Do you prefer income taxes? This the original plan for the USA 1789 to 1913.
Taxes on the Chinese to finance our military for sure is a win.
Original Scenario, Chinese charges US consumers (700 Billion Yuan)for goods, at exchange rate of 7 to 1 US consumers pay $100 Billion for good.
Trump enacts 25% Tariff, Chinese responds by devaluing their currency so now it’s 8.75 Yuan per Dollar
So the same goods of 700 Billion Yuan now costs the US consumers $80 Billion, with the 25% tariff, the US consumer still pays $100 Billion same as before, except now $20 Billion of that $100 goes to the US Government.
Net result, a transfer of wealth of $20 Billion from China to the US government.
What tax hikes are you referring to? Producer prices have actually deflated, rather than inflated during the trade war. So, contrary to all of the tariff doomsayers, consumer prices have not gone up one cent as a result, if that’s what you’re referring to.
Tax hikes are a win?
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From your posts, I’m taking it that you import and/or sell Chinese product and employ foreign workers (illegal and/or legal). If not, you’ve fooled me.