Your Daily Bit of Wall Street Wit & Wisdom

Trump Tariff Man

Trump Tariff Man by Dave Whamond, h/t politicalcartoons.com

“Tariffs on Chinese imports are paid by Americans, not by the Chinese or their government. The President’s tariffs are simply a #tax on American consumers.”
— Tweet by Steve Hanke, Professor of  Economics at Johns Hopkins University, member of the Council of Economic Advisers under President Reagan

With US/China trade and tariff talk in the news, it’s important to understand who actually pays tariffs.

Hint, it’s not who Mr. Trump tweets it is.

Relax and enjoy your weekend!

Best regards,

Steve

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