Tariffs: The Taxes That Made America Great | WHAT REALLY HAPPENED


Tariffs: The Taxes That Made America Great

A tariff may be described as a sales or consumption tax the consumer pays, but tariffs are also a discretionary and an optional tax.

If you choose not to purchase Chinese goods and instead buy comparable goods made in other nations or the USA, then you do not pay the tariff.

China loses the sale. This is why Beijing, which runs $350 billion to $400 billion in annual trade surpluses at our expense is howling loudest. Should Donald Trump impose that 25% tariff on all $500 billion in Chinese exports to the USA, it would cripple China’s economy. Factories seeking assured access to the U.S. market would flee in panic from the Middle Kingdom.

Webmaster's Commentary: 

What concerns me more than the tariffs, is the uncomfortable understanding about how quickly trade wars can become shooting wars.

and I can guarantee you, we do NOT need a shooting war with China right now.

Our military doesn't have the troop strength; the weaponry; the manufacturing; or the money to insure a positive outcome to a war with China (and/or Russia)

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA