I am surprised that social media is still arguing about who are paying those tariffs, as if it is such a difficult thing to understand. Who is paying is now being answered by USA consumers having to pay more for the same stuff at retail outlets. It is clear as crystal that only the blind could not see or refused to see.
Are overseas manufacturers of goods or their government paying those tariffs? No, they are just diverting their exports to Global South countries, selling at the same price, made at the same cost, shipped at the same cost, paying workers the same wages. The Global South countries are happy with the cheap goods, the manufacturers in China are happy with doing the same thing of providing what the Global South needs.
The USA consumers may just have to look on enviously what the Global South are now enjoying, adding insult to injury perhaps. USA consumers do not even have the privilege of buying cheap and good EVs from China. That says it all. And that vote they carried in their democratic mindset tells them what it all means - just a mirage of 'freedom of choice'. Between the right and the left hand perhaps!
Quite rightly, the only way the USA can reduce its deficit vis a vis China is to import less, which China is doing them a favor by selling more to the Global South. If India and China were to patch up their differences, this is going to be another avenue for two-way trade to balloon. It does not matter who wants to build the China/India bridge, so long as it does not benefit the USA.
Anonymous
Good morning All
ReplyDeleteAmericunts for decades or even half a century Silly Coloured Peoples are all in awe of them.
Thinking that they are highly Electrocuted oops Educated but turned out to be Worst Hillibies than the Chinese Peasants.
See their damn Nincoompoos Ledaers that they elected the past few Elections.
Now don't be surprised that 90% are illiterate!
Spoken language is different from real education.
It's just their pinging Language that others also spoke their own but could not even spell the words.
Once my spouse working for an Aussies MRT contractor just laying rails boarding and some maintainces.
Their socalled engineer could not even write a proper report with many spelling mistakes.
Had to correct for him.
The Whites just like the Indians are all for their own kind and putting up a Facade that they well endowed and educated.
They are mostly Electrocuted!
Just keep repeating that other Governments and manufacturers are eating the tariffs and the problem is solved. If even Treasury Secretary, Scott Bessent, and Commerce Secretary, Howard Lutnick, are still claiming that China and other countries are eating those tariffs, the hillbillies probably take their word and believe in them more than in reality.
ReplyDeleteIf social media is still arguing about who is paying those tariffs, what else can I say. And the hillbillies are not particularly bright in understanding the issue. Some say they are totally dense. It is only when the shit hits the fan, and when they start to feel the pain will they realize the impact. Now, USA consumers are in pain, with shelves emptying and prices escalating, but Trump seems living in another world, still selling his snake oil that prices are coming down instead. This is how delusional the whole USA Government has morphed into.