Thread by @unseen1_unseen

It's funny how they try to spin this. Different "papers" finding different conclusions on the same numbers. This tells me the "research" isn't really research but paid propaganda and the result is based on what the company/group wants them to find.

cnbc.com/2019/06/03/us-…

The article finally admits that far from the dogma that the consumer pays all of the tariffs; it's much more complicated. The exporters and exporting countries pay, the importers pay, the wholesalers pay, the retailers pay and the consumer pays.

Where profit margins can be squeezed they are. So companies are paying. Where some of the costs can be passed along like washing machines they are. Where gov can subsidize they are.

However, it's all noise. The big picture is what is important. During the tariffs last year, the USA GDP grew (~3.0%) while China economy contracted. Supply chains shifted. Consumers' purchases changed. inflation is low in total in the US. Employment is strong. Wages are up.

Just as with any tax on business, the final result of who pays depends on many factors. Profit margins, market share, ability to increase price, incentives, price of inputs, productivity gains, labor costs and the list goes on.

The results of this last year of tariffs speak for themselves here in the USA. GDP is booming, employment is booming and prices are under control. The Stock market remains strong, exports and imports are up. The steel industry is doing well finally.

Of course, as with anything there will be individual winners and losers when policies change. Some companies and industries will be hurt like farmers while some are helped like steel. This is why the final results must be taken in total, a big picture mindset must be used.

The big picture results are far from what the experts told us to expect. They predicted high inflation, lost jobs, and a recession. It's very clear that so far Trump's economic policies are working while the "experts" continue to be wrong time after time after time.