Wed
Aug 14 2019
06:48 am

Or, is he slyer than a fox?

Donald Trump has insisted that China is “paying for” the tariffs he has placed on their exports: “We’re [currently] collecting 25% on $250 billion [worth of Chinese products], and China is paying for it … Don’t let anyone tell you that we’re paying. We’re not paying.”

...on Tuesday, the White House thought better of it and dropped all those items [i.e. video-game consoles, computer monitors, clothing, footwear, toys, and miscellaneous electronics.] from its list. “We’re doing this for the Christmas season,” Trump told reporters on Tuesday. “Just in case some of the tariffs would have an impact on U.S. customers.”

China's paying the tariffs? We're paying the tariffs? What an idiot. On the other hand, any people privy to his change in policy ahead of the change could make good money in the stock market. It's almost as if.... Nah, couldn't be.

R. Neal's picture

A little Chinese-made do-dad

A little Chinese-made do-dad I use in my stereo rig has gone up 5% in price since I bought it six months ago. Wonder why?

Knoxoasis's picture

I'm old enough to remember

I'm old enough to remember when it was the official position of the Democratic Party that we needed tariffs against the Japanese to protect the American auto industry. As I recall that was Dick Gephardt's big issue.

The ongoing realignment of the Parties is fascinating to watch.

R. Neal's picture

Yeah, that was before America

Yeah, that was before America got out of the manufacturing business.

michael kaplan's picture

Ronald Reagan: Protectionist

This from 1988.

I'm old enough to remember when Reagan imposed a quota on automobiles from Japan. In 1984, I paid a 10% "availability fee" for a small Japanese auto. I assume part of that fee went to the city, state, and federal governments in the form of taxes.

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