Even Trump could not change the basic economics of tariffs.
On average, just 7.6 percent of the U.S. tariffs ended up being absorbed by China, while the rest of the tab was picked up by Americans.
For Chinese products that saw tariff rates rise to 20 percent, about 95 percent of the cost ended up being paid by U.S. consumers. But when China imposed retaliatory tariffs on U.S. exports, a significant portion of the cost fell on American businesses.
“U.S. exporters, unlike China’s exporters, lowered by roughly 50% the prices of goods affected by foreign retaliatory tariffs, carrying a much higher cost burden than foreign importers of goods under U.S. tariffs,” Moody’s Associate Analyst Dima Cvetkova wrote in the report the released Monday.
The reason for the disparity has to do with the kinds of goods that were targeted by each side in the trade war, and how some are easier than others to source elsewhere.
The Moody’s report also found that U.S. importers absorbed most of the costs, passing only a small percentage onto consumers in the form of higher prices.
President Biden came into office opposing the tariffs, which now cover half of all bilateral trade flows with China, but has yet to remove them.
Umnnhhhh…..the whole POINT of tariffs was to make Communist products less desirable that Made-In-USA products. Making Communist products more expensive is precisely what’s needed, unless complete prohibition is on the table.
“On average, just 7.6 percent of the U.S. tariffs ended up being absorbed by China, while the rest of the tab was picked up by Americans.”
Better not let trump hear that, nor any of his rabid followers, as he said:
“…you’re not paying for those tariffs. China’s paying for those tariffs…”
You followers all knew he was wrong, but voted for him anyway.
And Le Roi against adds nothing.
He just has Trump worms wriggling around in that 5 cell brain of his.
And what, pray tell, did you add, marsie? Surely not any well reasoned insight, nor any logical explanation for why trump was wrong. So actually, you were the one that added nothing.
You’re just a one trick pony, Le Roi. Well, actually a 2 trick pony. Trump on the brain and loving pervert judges who love seeing babies being raped.
Great resume, Le Roi
And yet again mar, you resort to promoting lies and falsehoods to boost your fragile ego and the tenuous grasp you have on manhood.
I have a great resume, and none of it has to do with your false accusations and ignorance.
Actually, Le Roi, I am correct. You only have Trump on the brain and you refuse to condemn the pervert judge who likes watching babies being raped.
And, oh by the way, the judge is in jail now and is looking for a plea deal. But I guess when you share common interests, it’s hard to condemn your buddy.
You have a resume.? Good, show it. You said you would previously, but like the coward you are, you never have. Especially your college resume.
Now, go back writing your love letters to the judge. He needs them now, especially since he is probably in solitary confinement and needs your letters for company.
Actually mar, you are wrong on all counts. But at least you are consistent at being wrong. Bravo! Here is your first place trophy for being consistently wrong.
Oh, lookee here, Le Roi, read the article and it will show you are wrong..again. You are the Picasso of being wrong and being a liar, since you bring lying and bring wrong to a brillant art form.
https://www.tmj4.com/news/local-news/milwaukee-judge-brett-blomme-jailed-after-appearing-on-child-porn-charges
Now, go visit your buddy who likes babies being raped because, you know, birds of a feather.
mar:
Those are direct quotes. If you have an issue with them your complaint is with the folks that made them, not me. But higher level thought isn’t your strength. But I’ll give you credit for being wrong. Again.
Wow, Le Roi, I have never seen anyone who has spent so much energy supporting a CHOMO.
Are you the pervert judge’s husband?
And what quotes are you talking about? Seems like you have inside information.
But I guess, Paul is right. Birds of a feather. I guess when you find 1 CHOMO, you find Le Roi hiding behind them.
Wrong again, mar sis, on all counts.
Correction: “marsie “.
Oh, wow, look, Le Roi learned a new insult word, whatever it is.
It’s getting late, Le Roi, time to take your pills, get your diaper changed, take your Phillips of Magnesium, take your Ensure, look at the fake diplomas on the wall that you wished you believed you got and then dream about babies being raped.
But at least, don’t forget to thank your caregivers for their work or you might wake up in the morning with your diaper full of poop and pee, your pillow full of drool and your butt aching from that rove CNA who takes advantage of you.
Poor, poor, poor Le Roi, some many times he has been wrong.
Wrong about Climate Change, it’s 60 degrees in my neck of the woods in Arizona today.
Wrong about the Chinese Virus.
Wrong about Hydroxychloroquine.
Wrong about President Trump. How is Senile Joe working out for you. You could not defend him, but like fellow senile patients, it’s hard to to defend a fellow dementia patient.
Just curious, Le Roi, what have you been right about?
And you still don’t know the difference between weather and climate. Nor anything else . You really should kick your game up a bit. But you are consistent.
That’s all you got, CHMO loving Le Roi?
You must be really tired watching the movies the pervert judge gave you. Just remember, those movies can be evidence. And don’t forget your Miranda rights.
Sorry, moron and pervert. We have been cooler than normal for the last several months.
Try to to read a weather map.
But I guess you are busy visiting your buddy, the pervert judge who loves to watch babies being raped.
You know, birds of a feather and silence is violence.
How many babies have you seen raped, Le Roi?
“We have been cooler than normal for the last several months” You have been given ample opportunity, yet still haven’t figured out the difference between weather and climate. You give new meaning to the term “willful ignorance”.