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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (1174019)10/27/2019 7:28:17 PM
From: pocotrader  Read Replies (2) | Respond to of 1573949
 
the importers pass on the price increases to consumers
Who pays Trump's tariffs, China or U.S. customers and companies?
(Reuters) - U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.

But that is not how tariffs work. China’s government and companies in China do not pay tariffs directly. Tariffs are a tax on imports. They are paid by U.S.-registered firms to U.S. customs for the goods they import into the United States.

Importers often pass the costs of tariffs on to customers - manufacturers and consumers in the United States - by raising their prices.

U.S. business executives and economists say U.S. consumers foot much of the bill through rising prices.

White House economic adviser Larry Kudlow has acknowledged that “both sides will suffer on this,” contradicting the president.

The tariff bill is set to rise further. Trump this month directed U.S. Trade Representative Robert Lighthizer to launch the process of imposing tariffs on the remaining $300 billion of goods from China. That includes products ranging from cellphones to baby pacifiers.

That would mean almost all imports from China would be subject to a 25 percent import tax.

U.S. COMPANIES SEE RISING CONSUMER PRICES A growing number of U.S. companies has warned about the negative impact of the tariffs on U.S. consumers.

Nike Inc and 172 other footwear companies have urged Trump to remove footwear from a list of imports facing a proposed extra 25% tariff, warning the move could cost consumers an additional $7 billion a year.

Walmart Inc, the world’s largest retailer, and department store chain Macy’s Inc have warned that prices for shoppers will rise due to higher tariffs on goods from China.



To: Thomas M. who wrote (1174019)10/27/2019 7:57:37 PM
From: Sdgla2 Recommendations

Recommended By
d[-_-]b
FJB

  Respond to of 1573949
 
ISIS Victim Kayla Mueller – Parents Praise President Trump for Killing Terrorist al-Baghdadi…
Posted on October 27, 2019 by sundance
Kayla Mueller (pictured below) was an American aid worker who traveled to the Turkey/Syria border to work with the organization Support to Life which assisted families forced to flee their homes. Kayla was taken hostage by ISIS in Aleppo, Syria, in 2013; brutalized and confirmed murdered in 2015. Her body has never been recovered.

Earlier today, following the announcement of the military operation that successfully killed the leader of ISIS, Abu Bakr al-Baghdadi, President Donald Trump made calls to families of U.S. victims. The operation to kill/capture al-Baghdadi was named for Kayla:



( Via NBC) The Muellers received the official confirmation of Baghdadi’s death in listening to Trump’s news conference Sunday morning. They praised and thanked the President, the US military and special forces for taking action.

“We were deeply touched by what he said. We were grateful that they didn’t mess around and went right in,” Marsha Mueller said in a phone interview.

Continue reading ?



To: Thomas M. who wrote (1174019)10/28/2019 4:36:33 PM
From: Jamie1531 Recommendation

Recommended By
sylvester80

  Respond to of 1573949
 
Tariff revenue is an interesting way of putting it. I had to Google Justin Amash because how would I know his name? Republicans don't work with Dems to pass legislation. They go on fox news and whine about how horrible it is to be them.

When someone on the right falls, no one notices. When someone on the left falls we wonder if there will ever be another who can fill his shoes.