Quote:
Originally Posted by NewNick
Trump does not understand what a trade surplus is.
Trump does not understand that US businesses make money by using low cost Chinese manufacturing to supply wealthy US consumers.
That is what trade is. Making money by exploiting the cost difference in goods and services from different parts of the world.
The trade surplus is not "being ripped off by China". That is an immature and foolish position to take.
So now the idiot claims that the trade war makes money for the US and that China pays for it. Nothing could be further from the truth.
US businesses and consumers pay the tariffs.
Even a blind man on a galloping horse can see that.
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I love the so-called tax break ( his first '' accomplishment '' ) on the rich, then you tax the mass ( consumers ) with the tariffs ...
USA people are paying the tariffs ( coming in ) and if the tariffs from China on US goods cuts sales, the USA jobs are also paying for it ....
Stupid move in today's economy ....