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Posted On: 05/04/2024 6:13:18 AM
Post# of 126907
Past presidents and tariffs on China
Defending his tariffs on Chinese products, Trump said, “Look, I took in billions of dollars from China. Nobody else ever did anything on China.”
Facts First: Temporarily leaving aside the fact that study after study has found that Americans, not China, overwhelmingly paid for Trump’s tariffs on Chinese products, it’s not true that “nobody else ever did anything on China.” The US has had tariffs on goods from China since the late 1700s; as president, Barack Obama imposed new tariffs on goods from China; FactCheck.org reported that the US generated an “average of $12.3 billion in custom duties a year from 2007 to 2016, according to the U.S. International Trade Commission DataWeb.”
Defending his tariffs on Chinese products, Trump said, “Look, I took in billions of dollars from China. Nobody else ever did anything on China.”
Facts First: Temporarily leaving aside the fact that study after study has found that Americans, not China, overwhelmingly paid for Trump’s tariffs on Chinese products, it’s not true that “nobody else ever did anything on China.” The US has had tariffs on goods from China since the late 1700s; as president, Barack Obama imposed new tariffs on goods from China; FactCheck.org reported that the US generated an “average of $12.3 billion in custom duties a year from 2007 to 2016, according to the U.S. International Trade Commission DataWeb.”
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