RE: tariff income comes from Americans, not China
Posted on: September 3, 2020 at 09:02:32 CT
BH O'bonga MU
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Certainly, but in order to compete with relatively cheaper American goods the Chinese importer will be forced to reduce his prices. Therefore, the cost to the American consignee does not increase, as the income of the Chinese importer decreases. The net effect is that China pays the tariff.