President Donald Trump told reporters that he would delay tariffs on Chinese electronics from September 1 to December 15 to ease the burden on American consumers ahead of the holiday season.
In announcing the change, Trump contradicted his long-held (incorrect) assertion that the financial burdens of tariffs fall on the country they’re placed on, rather than American consumers.
Pres. Trump says he's delaying new China tariffs for the "Christmas season, just in case some of the tariffs would have an impact on U.S. customers." https://t.co/20NWyrahhT pic.twitter.com/jEYsH144sO
— ABC News (@ABC) August 13, 2019
“What we’ve done is we’ve delayed it so they won’t be relevant in the Christmas shopping season. Just in case they might have an impact on people.”
They would have an impact on people.
A tariff is essentially a tax on certain goods imported from other companies. In fact, it’s coming from the pocketbooks of American manufacturers, who compensate for the heightened import price by raising prices on American consumers.
Trump has repeatedly claimed that China is paying for the tariffs, casting doubt that he doesn’t actually know how tariffs work.
Based on the historic currency manipulation by China, it is now even more obvious to everyone that Americans are not paying for the Tariffs – they are being paid for compliments of China, and the U.S. is taking in tens of Billions of Dollars! China has always….
— Donald J. Trump (@realDonaldTrump) August 5, 2019
….with the U.S., and wishes it had not broken the original deal in the first place. In the meantime, we are receiving Billions of Dollars in Tariffs from China, with possibly much more to come. These Tariffs are paid for by China devaluing & pumping, not by the U.S. taxpayer!
— Donald J. Trump (@realDonaldTrump) July 15, 2019
Trade negotiators have just returned from China where the meetings on Trade were very productive. Now at meetings with me at Mar-a-Lago giving the details. In the meantime, Billions of Dollars are being paid to the United States by China in the form of Trade Tariffs!
— Donald J. Trump (@realDonaldTrump) February 17, 2019
People were left wondering, just who does Trump think is paying for the tariffs now?
But I thought Americans didn’t pay tariffs…oh never mind.
— JimmyG (@JimmyG303) August 13, 2019
Rhetorical question, did someone finally get through to him how tariffs work?
— William I AIN'T Lyon Mackenzie King (@WilliamAin) August 13, 2019
Wait. Is he finally admitting that American consumers are actually paying for the tariffs?
— Dennis Leyendecker (@Decker98) August 13, 2019
Ah, but I thought it was China paying for the tariffs. That's what dear leader said, after all, and surely he doesn't lie ever or not have a basic understanding of how tariffs work.
— Agent Eckswhy (@Agentxy14Real) August 13, 2019
Who even knows anymore?