Top White House adviser Kudlow admits U.S. consumers pay tariffs

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  • Sportsfan123 Herriman, UT
    May 13, 2019 9:57 p.m.

    Jeclar

    Noone is denying that some markets and industries are suffering especially farmers, i was refering to the end game. If china does not come around like some of the other countries to even out trade deficites with the U.S. then Trump was wrong in starting a trade war. Also keep in mind the swine disease in china had killed half of china's hog population that along with the tariff war has doubly hit soybean a corn markets.

    "The focus should be superior innovation and implementation, which the US has lead the world. That would mean supporting "free/subsidizing" education for all to levels beyond highschool."

    Sorry not alot of americans share in socialist ideals for govt sponsored education, socialism is wrong it does not work and never will. Your suggestion would be to tax everyone for a service most will never use.

  • worf McAllen, TX
    May 13, 2019 6:50 p.m.

    If a man can stop smoking than America can stop trading with China. Say no to Chinese trade.

    We don't need communist slave labor to make hundred dollar shoes.

    We can make our own stuff!

  • jeclar2006 Oceanside, CA
    May 13, 2019 5:14 p.m.

    Sportsfan123 - Herriman, UT
    ---
    The jury is still out on trumps policies towards tariffs and international trade only time will tell.
    ---

    Time has told the effect of these tariffs. Farmers in the Midwest are seeing shrinking markets for their product in China, whereas other farm producing countries are seeing a boom. Manufacturing has seen a boom in moving even more production to regions where the EU and China have not imposed tariffs.

    Manufacturing may have increased in certain areas in the US, but it will never be 'steel', 'coal' or similar industry. It will be industry that has taken advantage of China's output.

    These will have a negative impact on the US economy for those in the US who do not have a large varied and international portfolio, in other words the common citizen who shops at Walmart.

    In general trade wars by tariffs don't work, and will not 'make America Great', either again or ever.

    The focus should be on superior innovation and implementation, which the US has lead the world. But that would mean supporting 'free/subsidized' education for all to levels beyond high school. And in the business area supporting businesses that are future looking.

  • Sportsfan123 Herriman, UT
    May 13, 2019 4:55 p.m.

    Utah blue devil

    When specifically speaking in regards to manufacturing jobs.... yes my comments are correct.

    Your comments regarding overall perspective of jobs are spot on, and yes all presidents have job creation over their tenure if not that would mean there is no economy, its the private sector creates the bulk of the jobs, not the government.

    Its the policies of presidents overall that help the private sector create those jobs or lose them, for instance the Dodd Frank legislation has had undue consequences in the job market particularly in the banking and healthcare industries.

    For instance Chase bank shut down its entire subprime auto division sold all of its brick and mortar and merged what was left with the prime auto division just to comply with demands of the new regulations, wells fargo is going thru similar changes right now, thousands have lost their jobs in the process, some would say obama got in his own way of better recovery and progress because of his policies.

    The jury is still out on trumps policies towards tariffs and international trade only time will tell.

  • Fubijag West Jordan, UT
    May 13, 2019 3:26 p.m.

    It's funny to me that the very people complaining that it's the American consumer that is paying the tariff's (Which they are), cannot seem to grasp the concept that it is the same for Corporate taxes. the additional cost is transfered to the consumer.

  • UtahBlueDevil Alpine, UT
    May 13, 2019 2:53 p.m.

    Sportsfan123 - your comments aren't all the more "honest" then the others. When Obama took over we had an economy in contraction. In fact it was a global economy contraction.... on every measure. Obama had to reverse the job loss then start building again. Something Trump didn't have to do. At one time the economy was shedding nearly 800,000 jobs a month during the first year of Obama.

    Ben Berneke has said "Job creation would have been stronger during Obama's term if Congress hadn't passed sequestration." In his last FOMC meeting, Federal Reserve Chairman Ben Bernanke noted that these austerity measures forced the government to shed 600,000 jobs in four years. In the prior recovery, the economy added 400,000 jobs during the same period.​

    In contrast to Trump's comments that he has created more jobs than any President, even Jimmy Carter created 9.8 million jobs, a 10.9 percent increase. A number as a percentage far greater then Trump... and everyone thinks that Carter was a terrible president. Thats 2.9 million a year. Under Clinton the economy added 18 million. And that's Clinton, whose I voted against?

    There is a lot of underserved puffery going on.

  • jeclar2006 Oceanside, CA
    May 13, 2019 2:06 p.m.

    Tariffs like walls are Middle Age solutions for a world where a global economy is what has brought a era of potential bounty for billions.

    Trump and Co. are marching in to a sheltered citadel which in the Middle Ages often turned into a death trap.

    China can outlast the 'wall of tariffs' and the Southern US Border Wall will fail to change the conditions that are leading to refugees feeling their countries to the south.

    Republicans have marched lock step with Trump, and the result is farmers in the midwest going a wanting for markets, and US manufacturers starving for components and supplies.

    The only people who will pay in the tariff wars are US consumers, US industry, and by extension, US workers.

  • markusjbear Anaheim, CA
    May 13, 2019 1:51 p.m.

    When will they admit that the consurers are the only ones that pay Taxes and Tariffs. Businesses just pass the cost onto the consumers. All the talk about Taxing Businesses is a pile of stuff. It is always passed onto the consumer.

  • Sportsfan123 Herriman, UT
    May 13, 2019 1:42 p.m.

    Silo

    Regarding manufacturing jobs.

    "Your claims are misleading at best".

    The number of manufacturing jobs when oblama took office was 12,850 million, in jan 2009 that number dropped to 12,561, and to your point more jobs lost due to the recession in march of 2010 manufacturing jobs dropped to 11,453.

    Yes obama recovered manufacturing jobs over the course of the remainder of his term to end at a total 12,355 manufacturing jobs by the end of dec 2016. That is a net loss of 495,000 manufacturing jobs over the course of obama's 8 years, numbers do not lie obama's recovery was slow and stagnant.

    Manufacturing jobs under trump are at 12,834 million still not back up to pre obama numbers of 12,850 million but trump recovered those jobs in 2 years, it took 6yrs under obama to recover 900 thousand jobs lost from march 2010 to get back to 12,355 that is 150k jobs per yr under obama.

    Trump recovered at 239k jobs per yr.

    Misleading I dont think so, depending on individual perspective, trumps economy is moving far faster than obama's and he hasnt had significant job loss yet, and everyone said trump would ruin the economy obama built, that hasnt happened either.

  • silo Sandy, UT
    May 13, 2019 11:42 a.m.

    @sportsfan123
    "that is during 2 years of trump america has gained 410 thousand manufacturing jobs which is a significant increase from obama who lost over 200 thousand in 8 years."

    Your claim is misleading at best. Anyone looking at manufacturing job trends can see that manufacturing jobs plummeted during the first part of Obama's presidency as the result of the recession. In mid-2009, that plunge was arrested and reversed, to the tune of hundreds of thousands of jobs more than Trump has created thus far. Any honest assessment of the manufacturing jobs numbers recognize this fact.

    "Obama said those jobs are never coming back, yet trump proved that statement wrong."

    False. That's not what Obama claimed at all. Obama specifically pointed out that some jobs will return to the US, but that others will not, no matter what. Obama also stated this in the context of Trump promising ALL manufacturing jobs would return. Obama was right. Trump was wrong, and Obama's quote is being intentionally misrepresented, just like Pelosi's quote was misrepresented. A tactic that works because Trump supporters won't research accuracy of repeated claims.

  • JWB Kaysville, UT
    May 13, 2019 11:38 a.m.

    At the Utah Republican Convention this month, all elected politicians and party leaders kept on talking about being the Party of Utah values.

    I have never heard any Republican Utahns say that they ever wanted higher taxes.

    Utahns have some agricultural products but not like the midwestern states that have been impacted by the prior tariffs and not even the impact of these new ones.

    Have we regressed to 1836, 1936?

    I guess the book learning in Economics 101 in Pennsylvania was missed in the hippie season of the 1960s when others filled the draft slots for the rich and famous. John Kerry, John McCain, Robert Mueller, and thousands served even in the Reserve and National Guard for our country and national defense as dedicated citizens.

    Those are Utah values and a sign of standing up for our nation. I believe in the Pledge of Allegiance and our country that has established a motto of give me Liberty or give me Death.

  • cityboy Farmington, UT
    May 13, 2019 10:52 a.m.

    @ cougarbib2,

    “Net result: Chinese sales drop and China indirectly pays the cost of tariffs by losing business to competitors or drop their prices instead of losing business.”

    This is Trump-speak and is incorrect. If China were to lose business due to the trade war, it would still not be “paying” — either directly or indirectly our imposed tariffs.. A tariff is a tax on the American consumer. The vast majority of our cell phones, computers, toys and furniture comes from China. I do not see the American consumer weening itself from these products. We will simply pay the higher prices.

    Economists agree that the ultimate outcome of tariffs is to actually reduce competition which drives prices higher.

    Trump’s foreign policy and economic policy are absolute train wrecks.

  • Thomas Jefferson Salt Lake City, UT
    May 13, 2019 10:41 a.m.

    The donald refused to divest and put his money into a blind trust when elected like practically every other president (or vice president) ever elected. He has his sons running his company, if you can believe that.

    Every time he rattles his 'I big tough guy, tariffs are coming' sword we see the markets dive...and rebound after he says 'well we are going to talk to them'.

    Does anyone think its possible that he is intentionally manipulating the markets for his own gain?
    Is there someone watching the trading going on?
    Are his companies (other than the obvious grift of our tax dollars going to his hotels and golf courses) somehow profiting off the market volatility that he is creating himself?

    I sure hope so. Martha Stewart went to prison for knowing something before others and changing her investments.

    It would be the easiest thing in the world to short the market if you knew the donald was going to rattle the saber two days from now.

    Is anyone watching?

  • JWB Kaysville, UT
    May 13, 2019 10:21 a.m.

    I had noticed in an earlier article that Donald Trump Junior chided the two ladies that had donated/given money to help get their Universities. However, Wharton electronic documents and the printed program from the University of Pennsylvania indicates that Donald J Trump was recognized by the University for being in a group of individuals that donated $1.4 million as his children attended starting in circa 1995. Donald J Trump was also a noted speaker at Wharton in the 1985 timeframe on how he was so successful in making money, which was the timeframe of 1985-1995 when he lost $1.2 billion and paid no taxes for 8 of those ten years.

    It is interesting to see his $1.4 million to the University was at the end of his $1.2 billion in losses.

  • Back Talk Federal Way, WA
    May 13, 2019 9:53 a.m.

    What is the difference between tariffs and trade sanctions that the US routinely places on other countries? If Americans pay tariffs maybe some type of trade sanction is a better way to go.

  • Cougarbib2 Moorpark, CA
    May 13, 2019 9:54 a.m.

    Quote taken out of context, grossly over simplified, and twisted into something not actually meant.

    Economists attach a caveat to every economic principle - "All Other Things Held Constant". If all other things are held constant, yes, the US buyers ultimately pay the tariffs - Fortunately, all other things are never held constant.

    Tariffs were already in place. Did Americans keep importing the same quantity of the same goods at the higher price. Of course not. Any economist will tell you that demand is elastic and demand will drop. They will also tell you alternative suppliers for the same goods may cost more than Chinese alternatives previously cost, but the cost may be well below the new cost of Chinese goods that include the tariffs. Bam. Chinese sales drop.

    Substitute products can be bought instead of the original product (wheat bread vs white bread, Mercedes vs Lexus, pizza vs Mexican food) or that at higher prices, consumer demand will shift to entirely unrelated products (Alaska cruise instead of Paris vacation).

    Net result: Chinese sales drop and China indirectly pays the cost of tariffs by losing business to competitors or drop their prices instead of losing business.

  • 65TossPowerTrap Salmon, ID
    May 13, 2019 9:12 a.m.

    So is it possible that Trump was admitted to the Wharton School of Business via the Lori Loughlin method? Given his billion$ of dollars in business loses and complete lack of knowledge of international trade - I can't help but think that his admission to that prestigious school was based on something other than merit.

  • Iron Rod Salt Lake City, UT
    May 13, 2019 8:54 a.m.

    After reading the article and the comments I understand that the American consumers will be paying the tariffs as a result of Trump’s actions.

    As a result of Trump’s actions with the Iran embargo the price of gasoline at the pump will spike. Six oil tankers were damaged yesterday. Four Saudi and two UAE tankers. (By the way why was this not reported in the Deseret News?)

    If more of this sabotage continues look for an impact on our economy.
    Food production, processing and transportation all depend on an available supply of energy.

    Look to us exporting our domestic supply of oil to mitigate the impact on our allies furthering our domestic problems.

    You elected him. You need to live with his policies without complaining.

  • JWB Kaysville, UT
    May 13, 2019 8:52 a.m.

    I understand that the Wharton School at the University of Pennsylvania is highly rated and the Huntsman Family is responsible for being part of that School as they are at Utah State University and the University of Utah.

    Wharton’s PhD program in Ethics and Legal Studies is the first doctoral program of its kind, built on Wharton’s pioneering work in business ethics.

    However, our President of the United States of America has not shown the business acumen that one would expect from a self-proclaim billionaire.

    The known bankruptcies and now knowing about $1.2 Billion dollar losses and not paying income taxes for 80% of those years while getting loans while living a lavish life.

    The Wharton School has highly trained and experienced professors with ethics being part of their lifestyle and expertise in economics and legal implications to all business transactions. The alumni from all their various classes, teaching, Government employees with fiduciary responsibilities know the impact and importance of being honest and true to the law.

    There are also Alumni from schools that learn to get around the rules and laws.

    Hopefully, some around our Chief Executive will stand for truth.

  • Daedalus, Stephen Arvada, CO
    May 13, 2019 8:50 a.m.

    (con't)

    ... the concerns about intellectual property are real, as are China's subsidies and policy shift to seek dominance in robotics and other technology sectors.

    But those are secondary objectives for Trump at best, compared to the irrational agitation he can and must foment if he is to stand a chance at reelection in 2020.

  • Moderate Salt Lake City, UT
    May 13, 2019 8:47 a.m.

    Sportsfan123 "The overall benefit is america will be forced to become self sufficient again instead of relying on trade from other countries. The U.S. used to have 22 of the most profitable steel mills in the world, now we only have 2. "
    What a horrible idea. Nobody -- not even Donald Trump -- is suggesting self sufficiency.

    There are a number of factors as to why the US used to have 22 of the most profitable steel mills, including a world war which destroyed much of the manufacturing capability of the industrialized world. 75 years later, manufacturing is more distributed across more countries than ever before.

    A viable economic policy is not "reclaim the steel manufacturing crown", but rather "be the economic leader leveraging diversified manufacturing". The whole bit about "bring jobs back" is just political pandering. Donald Trump is constantly campaigning for votes. Ignore the campaign banter, and you realize the danger of his policies.

  • 65TossPowerTrap Salmon, ID
    May 13, 2019 8:38 a.m.

    So Trump just raised my taxes. Yes indeed - I am sick of winning.

  • Daedalus, Stephen Arvada, CO
    May 13, 2019 8:20 a.m.

    Trump repeatedly stating the obviously wrong sound bite that "China pays the tariffs" accomplishes two rhetorical goals: 1) it appeals to the reptilian part of Americans' brains by defining The Other as a threat, and then 2) positions Trump as our protector who is punishing The Other by making them "pay".

    He used the same rhetorical tactic when agitating his campaign rallies with promises that "Mexico will pay for The Wall!"

    The conce

  • There You Go Again St George, UT
    May 13, 2019 8:17 a.m.

    You make an emotional decision and then you spend minutes, days, weeks, months, years coming up with crazy justifications for making that decision.

    Fish or cut bait?

    Fire trump 2020.

  • Thomas Jefferson Salt Lake City, UT
    May 13, 2019 8:17 a.m.

    Puukko Orem said:

    "Consumers pay the tariffs? This isn't news, everyone know this. Who else would pay it? Trump got stuck cleaning up the mess made by previous presidents. Go Trump 2020"

    And yet the donald himself said: “billions of dollars will soon be pouring into our Treasury from taxes that China is paying for us.”

    The fact is that the donald has no idea how any of this works. The only thing trump knows is how to rile his base up with lies and how to promote himself at all cost.

  • Thomas Jefferson Salt Lake City, UT
    May 13, 2019 8:03 a.m.

    Exactly. Tariffs are a tax WE pay, not something China pays. This fact is something the donald demonstrates he doesnt understand every time he talks about it. And his supporters seem to have no better understanding of that fact than he does.

  • embarrassed Utahn! Salt Lake City, UT
    May 13, 2019 8:04 a.m.

    Wouldn't it be great if only trump's diehard supporters had to live with his "policies???"

    Recovery begins in 2020 if rational people get control of this Nation.

  • Impartial7 DRAPER, UT
    May 13, 2019 8:02 a.m.

    But, wait. Trump told us, repeatedly, That China has paid billions to the US Treasury in the past few months, through his tariffs. Even though every economist, including Trump's own people say it's not true. But. 25-30% of Americans still believe Trump. same people that don't believe that Trump somehow managed to bankrupt 2 casinos.

  • embarrassed Utahn! Salt Lake City, UT
    May 13, 2019 8:00 a.m.

    What I'd like to know is how trump's billionaire buddies profit from his tariff threats...I hope the SEC gets into trump's game and quick!

  • Sportsfan123 Herriman, UT
    May 13, 2019 7:51 a.m.

    All of you who making claims of losing manufacturing jobs because of tariff's and a trade war with china are missing one important fact, that is during 2 years of trump america has gained 410 thousand manufacturing jobs which is a significant increase from obama who lost over 200 thousand in 8 years. Obama said those jobs are never coming back, yet trump proved that statement wrong.

    The economy is stronger under trump in two years than in 8 with obama, yes the tariffs hurt and over time will eventually hurt the economy trump is playing a dangerous game if china does not eventually yield both countires will pay for it in economic loss. The overall benefit is america will be forced to become self sufficient again instead of relying on trade from other countries.

    The U.S. used to have 22 of the most profitable steel mills in the world, now we only have 2. The U.S. used to be one of the worlds largest producers, that all changed when globalist presidents sold america's jobs and wealth to other countries in global trade deals like NAFTA.

    America can become self sufficient again or continue to rely on other countries, be careful what you wish for unless you want the new world order.

  • pragmatistferlife Salt Lake City, UT
    May 13, 2019 7:49 a.m.

    "Trumps administration has showed more effort to correct our trade deficit than any other administration."

    That is absolutely not true. Other administrations have done plenty just without, the screaming and yelling and lying.

    The Obama administration pursued over twenty trade charges against China at the WTO and won them all. They also tried to get a Pacific region trade agreement that would have regional countries partnering up, plus they did inflict tariffs on tires, and that didn't work out so well. Tariffs aren't "the" answer.

    Plus as others have said while trade with China is an issue trade deficits are not the existential threat Trump tries to make them.

  • pragmatistferlife Salt Lake City, UT
    May 13, 2019 7:48 a.m.

    "Trumps administration has showed more effort to correct our trade deficit than any other administration."

    That is absolutely not true. Other administrations have done plenty just without, the screaming and yelling and lying.

    The Obama administration pursued over twenty trade charges against China at the WTO and won them all. They also tried to get a Pacific region trade agreement that would have regional countries partnering up, plus they did inflict tariffs on tires, and that didn't work out so well. Tariffs aren't "the" answer.

    Plus as others have said while trade with China is an issue trade deficits are not the existential threat Trump tries to make them.

  • fani wj, UT
    May 13, 2019 7:32 a.m.

    The only solution the left has provided to this decades old on-going problems with the Chinese intellectual property theft and unfair trade practices is to surrender to the Chinese. Change takes time and can be painful but in order to achieve a better result, patience and un-waivering is required. The left's hatred toward Trump is so intense that the left is cheering for the Chinese - how insane is that?

  • Herbert Gravy Salinas, CA
    May 13, 2019 7:23 a.m.

    Isn't it possible that WE and the Chinese pay the tariffs?

    They "counter" with their own tariffs do they not?

    All "snideness" aside of course.

    🤸😀🤸

  • Utah Girl Chronicles Eagle Mountain, UT
    May 13, 2019 7:10 a.m.

    Trump, a man who allegedly lost $1.2 billion in a ten-year span, too often has proven he is on the wrong side of the economic ledger. China knows they are dealing with a yapping, toothless chihuahua who is masquerading as a pit bull. The joke is on us.

  • RiDal Sandy, UT
    May 13, 2019 6:53 a.m.

    @silo: "There are literally thousands of products that the US simply does not have the skillset nor tooling to manufacture in volumes to support US demand."

    That is fine. Higher prices give other manufacturers the incentive to tool up and develop the skills. Do you want to just lay down and be dependent upon China?

    " We have money and they have products to sell. No one with any economic understanding expects totally balanced trade with any country."

    No one expects perfectly balanced trade, but we do expect fair trade. I have been to China. I have seen the mountains of cheap imitation products with obviously fake brand name logos from US companies. In many cases it is almost comical to a Westerner because they manage to misspell mottos and make such bad fakes that it is visually obvious if you have previously seen the real ones.
    It is not just about getting cheap toilet brushes; it is about **ripoff of intellectual property, designs, technology, and lost royalties for our companies.**

  • Habisha South Jordan, UT
    May 13, 2019 6:49 a.m.

    Apparently many of you have never worked in a industry or at a level where your intellectual property and patents are blatantly disregarded and reproduced.

    I believe these negotiations are much more than a concern for trade deficit. The American dream and for that matter, the dream of many individuals across the globe is to create something that will build individual and group prosperity and improve life and the human condition...that is the human dream.

    The Chinese regime robs individuals of the dream and the hope of individual prosperity - A better life.

    So what is the leverage in protecting an individuals property?

    Trade.

    So complain, if you must, about a President that understands the bigger picture, but he is willing to do hard things at the present to protect your creativity and hope for prosperity.

  • one old man MSC, UT
    May 13, 2019 6:33 a.m.

    Uh oh.

    Kudlow's probably in trubble now.

    Wait for trump's Tweet storm tomorrow.

    Then for a few weeks we'll be hearing a constant prattle from him about how great and honest and wonderful Kudlow is and all the other usual praises and balderdash that will flow until finally we learn that Kudlow has been added to the already long, long list of people who didn't please our Ego In Chief enough and has now been summarily dumped by tweet in the middle of the night.

    Pathetic.

  • Utefan60 , 00
    May 13, 2019 5:57 a.m.

    The Trump supporters who can least afford these higher prices will praise Trump ad nauseum. Why? They don't understand the damage that these unthought out tariffs will cause this country, and their own pockets. Self defeating behavior.

    Farmers have already tightened the belt again. Soy bean prices dropped yet again and those farmers are bankrupting in massive numbers.

    These tariffs will damage the income of those least able to afford it. Of course the rich and wealthy will survive. That last GOP tax give away provided them with enough to weather this storm.

    The GOP, and Trump are not "winning" for America.

    Trump supporters are going to be hurt most, and they will still sing his praises. Just shows that these people would rather suffer than act rationally.

  • UtahBlueDevil Alpine, UT
    May 13, 2019 5:24 a.m.

    "Consumers pay the tariffs? This isn't news, everyone know this. Who else would pay it? Trump got stuck cleaning up the mess made by previous presidents. Go Trump 2020"

    But here is the problem, Trump himself has claimed, as recent as this weekend that it is China that is paying these tariffs. He continues to spread disinformation to promote his agenda. So it's not a matter if most people understand or not, or if the tariffs are worth it, but that this again is being sold based on lies and misinformation. And there is no need for these.

    Also not discussed is that defaults and bankruptcies by farmers has nearly doubled (up 98%). They are paying the price and carrying the weight of the battle. Trump just recently asked for an additional $15 Billion on top of the already $12 Billion to subsidize farmers.

    I will not say we don't have issues with trade with China. Particularly with regards to IP. But lying to the American public isn't the way to do it. But I'm not sure Trump knows any other way.

  • Golden Rules Okay, OK
    May 13, 2019 2:08 a.m.

    What good is it to increase the wages of Americans if the cost of what they want to buy goes up more than their wages? Isn't it likely that the quality of life of both Americans and Chinese will go down as a result of this?

    Consumer spending will decrease, therefore people will get laid off, so spending will go down even more, so fewer good and services are needed, so even fewer jobs, etc . . . so what is the purpose of this again?

  • Frozen Fractals Salt Lake City, UT
    May 13, 2019 12:21 a.m.

    Yep, that's the whole point of a tariff. It's a tax on your own citizens for buying something from elsewhere.

  • Unreconstructed Reb BE, 00
    May 12, 2019 11:08 p.m.

    "Indeed, this is an earth-shattering admission."

    Herb, your snide remarks aside, Kudlow's admission must be placed in context. The president has made numerous statements boasting that China pays for our tariffs, that higher tariffs are better than an actual trade deal, and the US coffers are filling with Chinese tariff money.

    This is, of course, economic nonsense. And Kudlow was forced to admit as much when pressed by Chris Wallace.

    But given the administration's preposterous claims, one can only conclude that our nation's economic policy is being set by someone who is utterly ignorant of trade fundamentals, or that the president sees no issue with blatantly gaslighting the country into believing that a trade war won't impact us. Neither of those possibilities should be acceptable.

  • Spoc Ogden, UT
    May 12, 2019 10:51 p.m.

    Solo,
    Your argument is spot on and a great explanation for why this action is needed. US manufacturing of everything from basic aluminum to semiconductor goods has suffered greatly to the point that we are loosing our capability to manufacture. What happens when our last aluminum mill is closed and China decides not to sell to aircraft manufacturers of either commercial or military products? New weapon systems increasingly use titanium. But China, Russia, and Kasackstan produce more ti than the rest of the world combined. This is a conscious strategic effort on their part to undermine US capability to manufacture. And what are they doing with all the profits they are accruing? Buying their way into South America and controlling interest in a lot of US companies and real estate. Why fight a cold war when you can buy your way to the same result? And as for your comment about not having the skill sets, where to you think they got it from? Intellectual property rights are stolen on a regular basis. Want to do business in China? Not only do you have to do the manufacturing there, but you have to give them rights to your technology so they can compete against you.

  • Puukko Orem , 00
    May 12, 2019 9:51 p.m.

    Consumers pay the tariffs? This isn't news, everyone know this. Who else would pay it? Trump got stuck cleaning up the mess made by previous presidents. Go Trump 2020

  • A W Benjamin, UT
    May 12, 2019 9:25 p.m.

    You have a trade deficit with your local grocery store (they sell much more to you than you sell to them), but that doesn't mean both sides don't mutually benefit from it.

    When a political figure starts handwaving about how we have to correct a trade deficit, stop for a moment and ask: Why? Is there really a problem to be solved? Is this really a sensible way to solve it?

    And if the handwaving political figure can't express an answer to those questions in the form of coherent sentences, but continues on a nonstop self-interrupting sales pitch of one-liner talking points, don't buy what they're selling. That'll be the artful deal to really avoid.

  • silo Sandy, UT
    May 12, 2019 8:29 p.m.

    @ridal
    "US consumers pay inceased costs due to tariifs only if they continue to purchase the Chinese products."

    The computer you just posted your comment with contains innumerable Chinese products. As did your mouse, keyboard, monitor, router, the servers at your ISP, all the routers, switches ans servers on the traceroute path to the DN site, the DN servers, the DN employees hardware, etc.

    Not to mention all the Chinese products used in all manufacture, distribution, advertising, and sales of those products.

    There's not a US citizen alive currently that can exist solely on US-made products.

    "which may be only very slightly higher price and/or higher quality"

    False. There are literally thousands of products that the US simply does not have the skillset nor tooling to manufacture in volumes to support US demand. That vast US demand is the exact reason we even have a trade deficit with China. We have money and they have products to sell. No one with any economic understanding expects totally balanced trade with any country.

  • Daedalus, Stephen Arvada, CO
    May 12, 2019 7:43 p.m.

    @Herbert Gravy: "[A Trump advisor] "admits" consumers pay for the tariffs. ... Didn't realize there are so many of us who don't have a basic understanding of economic principles."

    First, the good news: there are NOT many Americans who so misunderstand basic economics so as to think that China -- rather than American consumers -- pays for tariffs.

    The bad news?

    Republicans chose one of those people as their 2016 Presidential candidate, and he won the election.

  • MarkMAN West Columbia, TX
    May 12, 2019 7:36 p.m.

    We who are workers have been paying the big wage price with the China policies for almost 20 years. It hasn't been small; it has been costly. This is the single most important issue needed to be resolved. If I as a consumer pay a little more so be it. The economics long-term point back at China being the winner thus far. Go look at the food-stamp numbers! Go look at the inflection point year for the big increase.
    The trade imbalance is just the beginning of the real cost. It carries into government social costs and our future national viability and more. Once a country like China destroys your competitive business, the prices coming back don't stay cheap. Fixing this issue isn't free just like freedom and its defense isn't free, but it is worth it long-term. So how long will we endure?

    Mark

  • sman columbia, MS
    May 12, 2019 7:13 p.m.

    Trumps administration has showed more effort to correct our trade deficit than any other administration. it is going to take time because they see the US is not united in this effert. They see half of our country opposing Trump and will hold off till the next election. Trump loses then they may not have to make any concessions.

  • Herbert Gravy Salinas, CA
    May 12, 2019 6:57 p.m.

    He "admits" consumers pay for the tariffs.

    Oh my. Didn't realize there are so many of us who don't have a basic understanding of economic principles.

    Who else would pay for them? The government?

    The government pays for nothing. We do. Ha ha. ADMIT it.

    Indeed, this is an earth-shattering admission.

  • Brave Sir Robin San Diego, CA
    May 12, 2019 6:50 p.m.

    - Admitting that consumers pay for the Trump tariffs? Check.
    - Caring about consumers? Don't hold your breath.

  • RiDal Sandy, UT
    May 12, 2019 6:45 p.m.

    US consumers pay inceased costs due to tariifs only if they continue to purchase the Chinese products. This article ignores the fact that we can choose competing products from other countries or American products, which may be only very slightly higher price and/or higher quality.
    Trump is trying to establish a level playing field. I will gladly pay the higher prices.

  • Doom Turtle SLC/SLC, UT
    May 12, 2019 6:44 p.m.

    Sure it's the citizens of the USA that will be paying the tariff, it doesn't take much knowledge of economics to know that. Trump is either too ignorant or too dishonest or both to admit this and tells us it is the chinese that will pay them. My bet is both.

  • Golden Rules Okay, OK
    May 12, 2019 5:57 p.m.

    Based on how things have been run the past two years, I am assuming they don't have a long term strategy.