Once more we see the poor beset President has got his sums wrong.
He declared on Tuesday that already money was pouring into the States. He claimed there was already $2billion made since he introduced tariffs. But unsurprisingly I believe he is mistaken.
All the time the goods are in the warehouses no money has been made on them, has it? It is not until they get sold and the poor American man in the street and woman in the boutique pays the tariff that any money has been made.
Or am I mistaken? Surely the tariff goes on the end price – even if that is a middle man – not on the nation exporting the goods to be imported. I mean you don’t sell something to someone and then pay them to buy it, do you?
