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Frank Loomer's avatar

Yes, consumers and purchasers pay as prices are increased to cover the tariffs, while the tariff proceeds fill government coffers. I believe Trump used some if not much of those Chinese tariffs to subsidize American farmers when the Chinese countered by reducing their own purchases agricultural products. I wonder where that stands 4 years later?

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JennSH from NC's avatar

Trump’s tariff idea shows how stupid he is about financial matters and why he managed to bankrupt casinos.

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Kathleen Fernandez's avatar

Dontcha' know, he graduated from the Wharton School! I am sure their alumni office brags about him!

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PhillyT's avatar

American farmers were already getting subsidies before those tariffs on Chinese goods...

If you wonder where things stand years later, you can just look it up you know...

https://www.politico.com/news/2024/01/14/trump-biden-farmers-00135396

https://taxfoundation.org/research/all/federal/trump-tariffs-biden-tariffs/

The trade war also hurt because China responded in their own way as well.

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Rachel Simon's avatar

Blab off

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