Posted on 11/25/2019 10:52:02 PM PST by Berlin_Freeper
When the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay the cost - implying Chinese firms would have to cut their prices to absorb import “taxes” of up to 25% when the goods hit U.S. shores.
Instead, the prices Chinese firms charge have barely budged, meaning U.S. companies and consumers are paying the tariff costs, estimated at around $40 billion annually, New York Fed Reserve Bank researchers found in a study released on Monday.
(Excerpt) Read more at reuters.com ...
The author of the Reuters article wrote several other articles with bias against Trump.
October 2019
Watch Fox News? You likely think the U.S. economy is great. MSNBC viewers not so much
“Now to get hubby to install it.”
I hear a mantra.......
Thank you, Captain Obvious. And no doubt somewhere in the People's Bank of China there is an economist who wrote a report about how the Chinese consumers, not the U.S., pay the tariffs that Beijing imposes.
If you cannot find it on the shelves try looking for someone in your area to build it. Lots of good handy men out there that can build useful items for around the house.
LOL! And when unicorns come off the endangered species list and Congress works together to solve problems, too.
If you can do so without revealing more personal information than you want to, please identfy your industry.
Not even clicking on the Reuters story, before I saw your post...the media lie.
Americans pay corporate taxes too by way of higher prices.
Well, there's no point in doing anything, is there?
Yep and instead of getting a few good cheaper we have more jobs then unemployed currently. Paying a bit more so our people have good jobs with benefits is worth it in my book.
The U.S. has 1 million more job openings than unemployed workers. U.S. employers posted nearly 7.6 million open jobs in January, near a record high set in November, a sign that businesses are still hungry for workers despite evidence the economy has slowed.Mar 15, 2019
Not if your definition of success is all the jobs and industries coming back to the U.S. and trade is balanced. That isn't going to happen unless you jack up your tariffs to astronomical levels. Then all your domestic goods cost many times more than the imports, people can't afford to buy them, and your manufacturing fails.
And at that point your trade would be close to zero so you sort of balance it as well.
So where are all the workers for your manufacturing plants going to come from?
That’s how tariffs work, you blithering imbeciles.
Geez. The MSM is made up mostly of the lowest IQ types wholly ignorant of history and economics.
They actually think this is news.
I needed a new roof for my garage. As art of this, I had to buy a pneumatic nailer. I went to Harbor Freight intending to buy a cheap use for one job nailer. The price was higher that the 6 month old catalog I had said it would be. I left Harbor Freight and bought an American made nailer for $1 more than the cheap Chinese made one. The tariff works. I bought American instead of Chinese. Yes, it cost me $50 more than I thought it would, but I now own a well made rugged American tool.
I needed a new roof for my garage. As part of this, I had to buy a pneumatic nailer. I went to Harbor Freight intending to buy a cheap use for one job nailer. The price was higher that the 6 month old catalog I had said it would be. I left Harbor Freight and bought an American made nailer for $1 more than the cheap Chinese made one. The tariff works. I bought American instead of Chinese. Yes, it cost me $50 more than I thought it would, but I now own a well made rugged American tool.
All of these same groups and people also claim that Americans Pay the cost when China raises Tariffs. You Can’t have it both ways unless you are a morally bankrupt, ethically corrupt, quisling with a partisan agenda.
The conclusions of the stupid Federal Reserve analysts are all wrong.
Tariffs are now imposed, and Chinese firms assessed those tariffs and they, the Chinese firms pay them.
So what is the meaning of the fact that the Chinese firms are not raising their prices much?
It is the opposite of what the Federal Reserve analysts say it is.
Since the Chinese firms are not raising their prices much, they ARE absorbing the extra costs they have from the tariffs. American consumers are NOT paying higher prices from the Chinese imports so they ARE NOT paying extra for the tariffs.
What’s really happening is profits on the Chinese imports are down.
How can the Fed hire such idiots.
Even if true, in the long-term Americans benefit.
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