President Trump’s repeated statements that tariffs are not paid by Americans and that the cost of American imports has not risen, are blatantly false. Tariffs are paid by the importer, not the exporter. When the importer sells those goods here, the price is either increased to cover the cost of the tariffs or it is absorbed, in whole or in part, thereby reducing that seller’s profits.
China has placed a tariff on our agricultural products. It also has banned the importation of American agricultural products.
Our government is giving $13 billion in grants to farmers to help offset their inability to export their products. But we’re saying China is paying that money. This also obviously false. We are paying that aid out of our tax dollars.
It’s apparent Trump did not do too well in his economics studies at Wharton.
Penn B. Chabrow,
Miami
Note from KBJ: Don't project your economic ignorance onto President Trump, Penn.
