Guno צְבִי
We fight, We win, Am Yisrael Chai
for holding off on some China tariffs
Writing for the conservative Bulwark, columnist Andrew Egger called out Donald Trump’s reasoning for his decision to hold off on some tariffs he plans to impose on China — essentially saying the president is backing off because he now realizes he is dead wrong about the impact on American consumers.
“It is a plain economic truth that Trump’s tariffs are a tax the brunt of which is paid by American consumers. It remains unclear whether the president knows this— Trump has demonstrated a remarkable ability to hold fast to demonstrably false beliefs in the face of a mountain of countervailing evidence—but it is undeniable that the people charged with actually creating and implementing the White House’s trade policy know it,” he added.
According to Egger, Trump’s economic advisers are likely looking to save face and kick the tariff can impact down the road.
https://thebulwark.com/author/andrewegger/
https://www.rawstory.com/2019/08/pu...reason-for-holding-off-on-some-china-tariffs/
Writing for the conservative Bulwark, columnist Andrew Egger called out Donald Trump’s reasoning for his decision to hold off on some tariffs he plans to impose on China — essentially saying the president is backing off because he now realizes he is dead wrong about the impact on American consumers.
“It is a plain economic truth that Trump’s tariffs are a tax the brunt of which is paid by American consumers. It remains unclear whether the president knows this— Trump has demonstrated a remarkable ability to hold fast to demonstrably false beliefs in the face of a mountain of countervailing evidence—but it is undeniable that the people charged with actually creating and implementing the White House’s trade policy know it,” he added.
According to Egger, Trump’s economic advisers are likely looking to save face and kick the tariff can impact down the road.
https://thebulwark.com/author/andrewegger/
https://www.rawstory.com/2019/08/pu...reason-for-holding-off-on-some-china-tariffs/
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