They say love is blind and when it comes to President Donald Trump, it's true. Trump loves tariffs so much he once bragged, "I am a Tariff Man."
....I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay… https://t.co/fj8Bwjgywu— Donald J. Trump (@Donald J. Trump) 1543935821.0
Sadly, Tariff Man does not know how tariffs work.
President Trump just imposed a 25% tariff on $200 - $250 billion in goods imported from China into the U.S.
And in a Friday morning tweetstorm he insisted those tariffs are being paid "by China."
Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW bei… https://t.co/cQEBUELnlg— Donald J. Trump (@Donald J. Trump) 1557488636.0
The tariffs are being paid by the companies – American companies – that import those products. Those companies then, more than likely, pass those costs on to the consumer – Americans – who cover the increased costs.
Trump is intentionally blind to this very basic fact of economics.
Trump is also intentionally blind to how manufacturing works.
Friday morning, apparently feeling uncertain his previous seven tweets promoting his false tariff plan had not succeeded, he added an eighth:
Build your products in the United States and there are NO TARIFFS!— Donald J. Trump (@Donald J. Trump) 1557490112.0
But a quick glance at the list of Chinese products subject to his new tariffs show many of them, like copper, aluminum, lead, zinc, metal gaskets and washers, are not sold directly to consumers, but to manufacturers making other products. They are parts.
He just doesn't get it, as many on social media were quick to point out – and mock him for his willful ignorance:
Reality check: Tariffs are paid by U.S. importers of affected Chinese goods, not by China's government or by Chines… https://t.co/VAmiubAgab— Axios (@Axios) 1557489138.0
TARIFFS ARE NOT BEING PAID BY CHINA, YOU JAMOKE! Tariffs are paid by American businesses that import goods form Ch… https://t.co/rQQHkPrvKC— Michael Salerno (@Michael Salerno) 1557490494.0
Maybe China can pay for the wall? https://t.co/gqXqsDxxN9— Steve Milloy (@Steve Milloy) 1557490755.0
Spoken like a confident D-student in Micro Principles. #TaxIncidence #GradeInflation https://t.co/J4dzp0iMFb— J.C. Bradbury (@J.C. Bradbury) 1557489692.0
He still has no idea how tariffs work. I would ask why no-one has explained it to him, but I suspect they have and… https://t.co/mByUZ5etap— Dylan Reeve (@Dylan Reeve) 1557490935.0
There's a blatant falsehood from Trump here: "Tariffs are NOW being paid to the United States by China...these mas… https://t.co/BZP1ZA2U1P— Terry Moran (@Terry Moran) 1557489334.0
Tariffs are paid by US citizens and businesses you moron. https://t.co/x9SrWSOaXj— markhughes (@markhughes) 1557490377.0
I've never seen a president so proud of raising taxes on American consumers. https://t.co/7I1g6kfTs2— Simon Hedlin (@Simon Hedlin) 1557489644.0
"tariffs are NOW being paid to the United States by China 25% on 250 Billion Dollars" Wrong. These tariffs are bei… https://t.co/onXWcIXG2s— Roy Azoulay (@Roy Azoulay) 1557490293.0
We are reduced to having to follow the logic of a complete idiot. And to anticipate the reactions to this idiocy by… https://t.co/Yyh5KwFFjZ— Nick Givanovic (@Nick Givanovic) 1557489180.0
How is he still clueless about how tariffs work? And how is .@Wharton still not humiliated enough to rescind the d… https://t.co/53dSVSE31Z— W.L. Lewis (@W.L. Lewis) 1557490990.0