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Americans, not Chinese, pay Trump tariffs: NY Fed study
reuters.com ^
| NOVEMBER 25, 2019
| Howard Schneider
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 ...
TOPICS: Business/Economy; Editorial; Foreign Affairs
KEYWORDS: auditthefed; china; dnctalkingpoint; dnctalkingpoints; eussrtroll; fakenews; federalreserve; nevertrump; nevertrumper; nevertrumpers; redchina; socialism; tariffs; tds
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To: DannyTN
>>>Keep raising the tariffs until the jobs and industries come back to America and the trade deficit balances.
The President has raised tariffs this year and now Industrial Production in the manufacturing sector is less than it was in December 2018.
https://fred.stlouisfed.org/series/IPMAN
41
posted on
11/26/2019 6:38:58 AM PST
by
oincobx
To: Berlin_Freeper
Why yes, buy American. The idea is to give pain to Chinese products and relief by buying the American products. This is all done in hopes that the manufacturing will be moved back home where it belongs.
Tariff 101
42
posted on
11/26/2019 6:39:20 AM PST
by
GingisK
To: MNJohnnie
There is no labor shortage. That is total BS.
43
posted on
11/26/2019 6:44:18 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: DoodleDawg
So where are all the workers for your manufacturing plants going to come from?The labor participation rate is around 60%. 40% will work. Even lazy slobs like you.
44
posted on
11/26/2019 6:45:21 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: BuffaloJack
Harbor Freight
I am proud to say I've never crossed their threshold. Never will.
45
posted on
11/26/2019 6:46:40 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: oincobx
manufacturing sector is lessImagine if the mitigating effect of tariffs were not there. It would have been much worse.
46
posted on
11/26/2019 6:48:30 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: central_va
The labor participation rate is around 60%. 40% will work. Even lazy slobs like you. I'm energetic enough to know how the labor participation rate is defined. Unlike some.
To: exDemMom
Now to get hubby to install it. You can probably go to the Home Depot parking lot and find an illegal alien to put it in for you.
48
posted on
11/26/2019 9:35:13 AM PST
by
seowulf
To: Berlin_Freeper
But the whole basis of the article is just plain stupid.
We raised tariffs on them but the Chinese did not raise their prices so the Americans are paying the tariffs??
49
posted on
11/26/2019 12:45:20 PM PST
by
dirtymac
(Now is the time for all good men to come to the aid of their country.(DT4POTUS))
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