economics politics

This is going to hurt you more than it’s going to hurt me…

From our Commander In Chief about the recent increases in tariffs for Chinese products…

“Our country can take in $120 billion a year in tariffs, paid for mostly by China, by the way, not by us,” he said. “A lot of people try to steer it in a different direction. It’s really paid — ultimately, it’s paid for by — largely, by China.

Either he’s an incredibly incompetent businessman who has no idea how businesses (or tariffs, for that matter) work, or…???

Anybody who thinks *American* businesses who pay the increased tariffs *won’t* turn around and increase their prices to *consumers* is living in a dreamworld.

via MarketWatch