Drudge Retort: The Other Side of the News
Thursday, January 17, 2019

President Donald Trump is right to say that his tariffs are generating billions of dollars for the U.S. But China and other countries aren't paying them as he's suggested.

According to data from U.S. Customs and Border Protection, more than $13 billion in duties imposed by the Trump administration were assessed on imported goods as of Dec. 18.

Actual collections could lag and be lower because of refunds and other factors, but Treasury Department reports show receipts from all customs duties have risen sharply since the tariffs took effect.

While Trump has suggested on Twitter and in public comments that tariffs are somehow being charged to or paid by China and other countries, trade economists say that's generally misleading. U.S. importers of record are responsible for the duties, and ultimately U.S. businesses and consumers could pay through higher costs, they say.

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From the cited article:

Trump is "suggesting this is bringing in lots of new revenue and all of the burden is falling on the Chinese," said Phil Levy, senior fellow on the global economy at the Chicago Council on Global Affairs and a former senior economist for trade for President George W. Bush's Council of Economic Advisers. "I think that's mostly false."

 

#1 | Posted by LampLighter at 2019-01-17 02:11 PM | Reply

Orange Agent, evidently like many Rs, thinks that when you put a tariff on Chinese goods the Chinese pay them. He doesn't listen to advisers or read so there's no way to make him understand that it doesn't work like that. Maybe if Faux spelled it out in one syllable words he'd get the idea.

#2 | Posted by SomebodyElse at 2019-01-17 02:50 PM | Reply


@#2

Yup.

More from the cited article:

...Johns Hopkins University applied economics professor Steve Hanke, a member of the Council of Economic Advisers under President Ronald Reagan, put it more bluntly.

"Tariffs on Chinese imports are paid by Americans, not by the Chinese or their government. The President's tariffs are simply a #tax on American consumers," Hanke said on Twitter Jan. 6.

Hanke also pointed out that there are offsets to increased revenue from Trump's tariffs, including as much as $12 billion in aid being paid to farmers after China slapped retaliatory tariffs on U.S. agricultural products.

The White House didn't respond to messages seeking comment. ...


[emphasis mine]


#3 | Posted by LampLighter at 2019-01-17 02:59 PM | Reply

Tariffs will be more than enough, over time, to pay for our Wall.

#4 | Posted by GOnoles92 at 2019-01-17 03:46 PM | Reply


@#4 ... Tariffs will be more than enough, over time, to pay for our Wall. ...

So, you want the American taxpayers to pay for the wall? Because that is who ultimately pays the tariffs.

What happened to Mexico paying for the pay, as candidate Trump promised so many times?

#5 | Posted by LampLighter at 2019-01-17 04:15 PM | Reply


paying for the pay,

- should be -

paying for the wall,

#6 | Posted by LampLighter at 2019-01-17 04:38 PM | Reply

did you notice, middle class americans, that trump raised your taxes?

#7 | Posted by truthhurts at 2019-01-17 05:10 PM | Reply | Newsworthy 1

Democrats promoting 'tariffs are paid by Americans' must also believe all corporate taxes are paid by consumers and not the corporations because it relies on the exact same logic. Tell us Dems, just how much of your soul are you willing to sell?

#8 | Posted by nobiasposter101 at 2019-01-17 08:54 PM | Reply

Tariffs are taxes on those who want to ignore domestic manufacturing and production. Let'em pay for our Great Wall of America.

#9 | Posted by GOnoles92 at 2019-01-17 11:28 PM | Reply

What happened to Mexico paying for the pay, as candidate Trump promised so many times?
#5 | POSTED BY LAMPLIGHTER AT 2019-01-17 04:15 PM | FLAG:

I've been asking the same question, don't expect a straight answer.

#10 | Posted by lfthndthrds at 2019-01-18 07:01 AM | Reply

Tell us Dems, just how much of your soul are you willing to sell?

#8 | POSTED BY NOBIASPOSTER101 AT 2019-01-17 08:54 PM | FLAG:

I'm not a democrat but I'll take a shot at answering your question.

They're willing sell the same amount of their soul as the Trumpres are. You know, the ones who justify all his lies and broken promises.

#11 | Posted by lfthndthrds at 2019-01-18 07:04 AM | Reply

Tariffs are taxes on those who want to ignore domestic manufacturing and production. Let'em pay for our Great Wall of America.

#9 | POSTED BY GONOLES92 AT 2019-01-17 11:28 PM | FLAG:

I couldn't help but notice, you dodged Lamps #5.

#12 | Posted by lfthndthrds at 2019-01-18 07:06 AM | Reply

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