Posts Slider

October 27, 2021

U.S. Voters

Voters News, tools and information

Trump Doesn’t Know How Tariffs Work

2 min read

Trump Doesn’t Know How Tariffs Work

A new study shows the horrible impact the US-China trade war has had on the US economy. And surprise, Trump doesn’t even know how tariffs work. John Iadarola and Jayar Jackson break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/

Help build the Home of the Progressives http://tyt.com/JOIN

Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1

Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport

Read more here: https://finance.yahoo.com/news/trump-has-made-this-false-claim-about-china-and-tariffs-at-least-100-times-182318319.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAC08OvhbLjhT_Nl5Dtik6UWmuSHx6sAUITf3_kfXbp8I1A57h87hBMNWUQAziDuMUD1OG5b7khKGVkjdsGAduU2d37Q-HxPnHAb8Wq09wd0_kz–My3Z21jCD7RPtgszCnda3yQCoeCtV4tEzddj2HEwa8hpC22E8ZolC2EnnACc

“When President Trump sat before reporters in the Oval Office on Dec. 19 with Rep. Jeff Van Drew, the subject of the trade negotiations with China came up briefly. “They’re still paying tremendous amounts of tariffs,” the president said.

It was a notable comment only for its frequency of use. In fact, according to an analysis by Yahoo Finance, that was at least the 108th instance in 2019 that Trump falsely claimed China is “eating” or “being charged” or in some way “paying” for the tariffs his administration has imposed on Chinese imports.

Trump’s claim has been debunked by fact checkers again and again and again and again. Here’s how FactCheck.org put it: “Not true. The tariffs are taxes paid by U.S. importers in the form of customs duties, and to some extent by U.S. consumers in the form of higher prices.” Politifact said Trump’s claims that China is paying tariffs and that the money is being passed to farmers “simply does not reflect how tariffs work.” (Chinese exporters do bear some of the cost of U.S. tariffs in various ways: they are sometimes forced to offer U.S. importers a discount to help defray the costs of higher U.S. tariffs.)

Yet the criticism hasn’t slowed him down. The first 2019 instance was Jan. 3. In what appears to be his first public comment on China in 2019, Trump tweeted"The United States Treasury has taken in MANY billions of dollars from the Tariffs we are charging China.” Almost 10 months later, it was a nearly identical refrain during a Cabinet meeting: “We’re taking in billions and billions of dollars in tariffs from China,” he said on Oct. 21.”

#TheDamageReport #JohnIadarola #TheYoungTurks

Posts Grid

1 min read

Marjorie Greene is humilated by this damning Rolling Stone report on covering January 6th. John Iadarola and Senator Nina Turner break it down on The...

1 min read

The back story to Alec Baldwin's fatally shooting has been revealed. John Iadarola and Senator Nina Turner break it down on The Damage Report.  Become...

1 min read

Mitt Romney and Mitch McConnell are colluding with their billionaire buddies. John Iadarola and Senator Nina Turner break it down on The Damage Report.  Become...

1 min read

Senator Kyrsten Sinema scoffs at a constituent as she rubs elbows with wealthy Republicans Tim Scott. John Iadarola and Senator Nina Turner break it down...

1 min read

The Damage Report host John Iadarola is joined by Senator Nina Turner to break down today’s top stories. A house report finds Border Patrol agents...

1 min read

Senator Nina Turner goes off after the outcome of a congressional investigation into the 9,500-member Customs and Border Protection surfaces. She joins John Iadarola to...