Tariffs Don't Cover Costs of Trump's Trade War

[applegrove]

Tariffs Don’t Cover Costs of Trump’s Trade War

July 15, 2019 at 11:40 pm EDT By Taegan Goddard 8 Comments

https://politicalwire.com/2019/07/15/tariffs-dont-cover-costs-of-trumps-trade-war/

"SNIP.....

“President Trump on Monday portrayed America as being on the winning end of his trade war, saying tariffs are punishing China’s economy while generating billions of dollars for the United States, an economic victory that will allow him to continue his fight without domestic harm,” the New York Times reports.

“But government figures show that the revenue the United States has collected from tariffs on $250 billion worth of Chinese goods is not enough to cover the cost of the president’s bailout for farmers, let alone compensate the many other industries hurt by trade tensions. The longer Mr. Trump’s dispute with China drags on, the more difficult it could be for him to ignore that gap.”

.....SNIP"

Hopefully we'll have numbers in time for the 2020 election.

[Wellstone ruled]

1. Were is the number in dollars trems

has it cost us consumers in higher retail prices on our day to day goods and materials. How about the hidden inflation caused by these mega price increases.