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.