Sigh can someone please explain to Trump how tariffs work?!?
Trump tweeted that tariffs on $200 billion of Chinese goods would increase on Friday if a deal was not met before then.
“For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods,” Trump wrote. “These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday.”
Source: The Hill
Seriously there’s he’s an idiot that doesn’t understand how governments and taxes work, how can his base believe this stuff?