► Trump: Lies by saying US raking in billions from China tariffs Print E-mail

Trump: Lies by saying US raking in billions from China tariffs

 

To assure that he remains unchallenged as America’s All-time Leading Congenital Liar, The Great Leader once again spewed forth a brazen lie that was easily exposed as being totally false.

 

In this instance, The Great Leader made the following false statements about billions of dollars pouring into the treasury as a result of the tariffs he and his administrative sycophants have imposed on China.

  • "As you know, you may have read a couple of things about China.”
  • “Because we are taking in billions and billions of dollars into our treasury and companies are leaving China because they want to avoid paying these large tariffs.” “And, by the way, when the fake news tells you that you're paying — in the case of China, they devalue their currency, that helps them.”
  • “And do you know what else they are doing? They are subsidizing those companies, and you're not paying very much if you're paying anything at all, the case of China.”
  • “And we are taking billions and billions of dollars in."

The Great Leader’s claim that American’s aren’t paying for his asinine tariffs on Chinese goods is patently false. It is American importers of Chinese goods who make tariff payments to the Government. They then pass on those tariffs in the form of higher consumer prices.

 

Moreover, a study by economists at the Federal Reserve Bank of New York in conjunction with Columbia and Princeton Universities put forth the following statement regarding their findings.

 

"Overall, using standard economic methods, we find that the full incidence of the tariff falls on domestic consumers, with a reduction in U.S. real income of $1.4 billion per month by the end of 2018."

 

Unfortunately, Trumpsters will believe anything this Serial Liar says despite irrefutable evidence to the contrary. Hard to understand how anyone with an I.Q. above 85 could support this Lying Misogynist.

 

For additional post-election articles re: The Don visit the articles below

  1. Trump miscellaneous opinion articles: Art. 3 thru 75 Dawg Opinions
  2. Trump’s victims of Draining the Swamp: Art. 76 thru 86 Dawg Opinions
  3. Trump Filling the Swamp: Art. 87 thru 92 Dawg Opinions
  4. Trump miscellaneous opinion articles: Art. 93 thru 99
  5. Trump miscellaneous opinion articles: Art. 323 thru 338 Dawg Opinions 
  6. Dawg Laments: Art. 2 thru 49
  7. Ass-Kisser Awards: Art. 280 thru 285
  8. Bigot/Racist Awards: Art. 331 thru 346
  9. Bullshit Awards: Art. 370 thru 441
  10. Chicken Little Award Winner: Art. 19 thru 21
  11. Dumbo Award Winner: Art. 49 thru 52
  12. Humanitarian Award Winner: Art. 70 thru 78
  13. IHOP (Flip-Flop) Award Winner: Art. 53 thru 54
  14. Liar Awards: Art. 1 thru 108 Liar Awards
  15. Lunatic Awards: Art. 349 thru 372
  16. Misc. Awards: Art. 47 thru 88
  17. Misogynist Award: Art. 40 thru 43
  18. Moron Awards: Art. 256 thru 291
  19. Narcissist Awards: Art. 6 thru 32
  20. Screwball Awards: Art. 281 thru 292
  21. Rodney Dangerfield Comic Awards: Art. 217 thru 258
 
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