1.8k SHARES Facebook Twitter Whatsapp Pinterest Reddit Print Mail Flipboard

Advertisements

Trump still doesn’t understand how tariffs work, which is why he responded to new Chinese tariffs by increasing US tariffs, which are paid by Americans.

Trump tweeted:

For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more. Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight…. — Donald J. Trump (@realDonaldTrump) August 23, 2019

…unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!). Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30%… — Donald J. Trump (@realDonaldTrump) August 23, 2019

Advertisements

…Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter! — Donald J. Trump (@realDonaldTrump) August 23, 2019

That’ll show the Chinese!!! Harming the American economy even more will bring China to its knees, and have them begging for a deal. Trump is the guy who threatens you by pointing the gun at his own head. The one certain way to lose a trade war is to escalate it. Trump is still working under the false premise that China is paying for the tariffs. Everyone, besides Trump, knows that the tariffs are being paid by US businesses and consumers.

When Trump increases the tariffs, he isn’t hurting China. He is pushing the United States closer to a recession. The “chosen one” isn’t going to back down on this trade war until he has burned the entire global economy to the ground.