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You are aware that the money collected by the tariffs was extracted from American pockets, right, not Chinese? So you are describing a tax and transfer program:
by DFHippie 7y ago
You are aware that the money collected by the tariffs was extracted from American pockets, right, not Chinese? So you are describing a tax and transfer program: Americans who buy Chinese goods are taxed to compensate Americans who are losing income due to the trade war with China.
- zosterops 7y agoIn the case when prices are increased to cover the tariffs, yes. However, right now the Chinese manufacturers are eating the costs.