Well, Trump always mispoke the truth of the matter. He repeatedly told us that China payed the tariffs.
Tariffs are collected from importers by US Customs. The amunt of the tariff is included in varius costs of sale and thus paid by the ultimate retail purchasers.
China did not actually pay the tariffs but rather lowered prices in various ways such that prices in America did not rise substantially.
More smellin’ from Yellen.
So now we can go back to cheep China imports. Problem is no one will have a job or money to buy them. The great sellout is back in motion.
Well, she’s sort of, correct. There has to be an economy and industry that you’re protecting with tariffs, and we don’t have that, thanks to Biden.
If they could simply "Raise Costs to Consumers" why didn't they do it to increase profits before the Tariffs?
In the short term, this may have been true, but in the long run new import outlets in south American, North Vietnam, India and other third world countries.
This lady, along with the other cabinet members is so far out of it, that you can’t describe it.
I don’t know about you but I can’t wait for all those huge price reductions when the Tariffs are lifted.< /sarcasm >< /idiocy >< /lunacy >
Janet Yellen said Sunday on ABC’s “This Week” that tariffs the Trump administration imposed on China “serves no strategic purpose and raise costs to consumers.”You mean like interest rates Janet?
The holier than thou hypocrisy is thick with these low-lifes.
Janet Yellen says she doesn’t understand tariffs 🤪
This is just a trial balloon for the Administration, to check and see if the coast is clear to lift those tariffs.
They have already been relaxing sanctions against Venezuela and Cuba, and preparing to do it against Iran - all members of the Russia/China Axis.