Tuesday, May 14, 2019

Trump’s own top economic adviser gives lie to his trade war rhetoric - The Washington Post:

Whatever you think about President Trump’s escalating trade war with China, he is billing it as something it’s not. He has suggested over and over again that China pays the tariffs, when that’s simply not how tariffs work. They are taxes on imports, paid by U.S. companies. And those costs are often passed down to consumers, in the form of higher prices. It was a reality that Trump’s chief economic adviser tried to avoid Sunday — but couldn’t. ...https://www.washingtonpost.com/politics/2019/05/13/trumps-own-top-economic-adviser-gives-lie-his-trade-war-rhetoric/


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