EconomicFacts
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Who really pays for trade wars? šš°
When Trump imposed tariffs on Chinese goods, he claimed, "China pays." But in realityā¦ itās the consumer who pays ā that is, ordinary people like you and me.
Fact #1:
A study by the Federal Reserve Bank of New York (2019) showed that 100% of the tariff costs were passed on to American companies and consumers.
Fact #2:
Tariffs on $200 billion of imports from China raised prices on household electronics, clothing, and toys.
The result: every family in the U.S. lost an average of $831 in 2019 due to rising prices.
Fact #3:
China's retaliatory tariffs hit American farmers hard. The White House even allocated $28 billion in subsidies to compensate for the losses ā but at whose expense? Thatās right, the taxpayer.
---
Trade war sounds loud, but in the end, inflation wins ā and consumers lose.
#TradeWar #Tariffs #TrumpEconomy #ChinaUSA #EconomicFacts
When Trump imposed tariffs on Chinese goods, he claimed, "China pays." But in realityā¦ itās the consumer who pays ā that is, ordinary people like you and me.
Fact #1:
A study by the Federal Reserve Bank of New York (2019) showed that 100% of the tariff costs were passed on to American companies and consumers.
Fact #2:
Tariffs on $200 billion of imports from China raised prices on household electronics, clothing, and toys.
The result: every family in the U.S. lost an average of $831 in 2019 due to rising prices.
Fact #3:
China's retaliatory tariffs hit American farmers hard. The White House even allocated $28 billion in subsidies to compensate for the losses ā but at whose expense? Thatās right, the taxpayer.
---
Trade war sounds loud, but in the end, inflation wins ā and consumers lose.
#TradeWar #Tariffs #TrumpEconomy #ChinaUSA #EconomicFacts
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