Study Proves Americans, Not Chinese, Have Paid $40 BILLION For Trump’s Tariffs

The New York federal reserve came out with
a new study recently that blows a major hole in one of Donald Trump’s favorite talking
points, and that is that China is the one paying those tariffs he put in place, don’t
worry. American citizens, as he likes to tell us, China is paying those and the treasury
is just rolling in that dough that Chinese dough, American citizens, you’re not paying
a penny of this, don’t worry about it, but again, the New York federal reserve, the central
bank came out and said, yeah, that’s not true at all. In fact, American citizens are paying
for the tariffs. They’re the ones picking up the bill and they’re doing it to the tune
now of $40 billion per year. That’s $40 billion per year that Americans are paying, not Chinese
manufacturers shipping stuff to our country because the New York federal reserve also
pointed out that guess what? China hasn’t changed their prices. China’s still charging
the same amount, and because of that, we’re the ones having to pay the tariffs. China
is not bowing to Donald Trump’s pressure. They’re not lowering prices to compete over
here. The only thing that’s actually happening in terms of price differences is that American
manufacturers who aren’t even subjected to the tariffs are raising their prices to keep
up with the added price tags going onto those tariffed goods. So we’re getting screwed no
matter what we do. You buy American well, they raise their prices just because they
could. You buy Chinese, you’re paying extra because it’s tacked on with that tariff. Now,
China’s doing fine. The U S government itself is doing fine. As Trump says, they’re rolling
in that dough. It’s just the rest of us. Everybody else that got screwed out of $40 billion in
the last 12 months, that’s $40 billion that could have literally gone to anything else
because let’s not forget, these are consumers, American consumers, the working class who
are paying these tariffs, everybody else passing it on to us. $40 billion that we could have
spent on anything else. $40 billion that would have been re-injected into the economy instead
of going and sitting in the federal reserve. That’s, that’s what happened. $40 billion
taken out of economic activity, and that’s how we need to look at this. But we also need
to stop listening to Donald Trump’s lies, not just about the tariffs, to be honest,
quite possibly about every single thing, because that is all the man knows how to do is lie
about crap. And that’s what’s happening right now. The federal reserve, the New York federal
reserve, excuse me, their, their study that came out this week, this is not the first
one to tell us. This is not even the third or fourth one to tell us that we’re the ones
paying the tariffs. Economists have been telling us that other studies have been proving that
we know this to be true, but Trump’s gonna keep telling the lie, and every time he does
go find one of these studies, maybe it’s this one, maybe it’s one of the previous ones we’ve
discussed, but whatever it is, find it and send it to them, print it out and send a copy
to the white house, copy the link and reply to one of his tweets with it. That’s what
I want everybody to start doing. Let’s let him know that we know the truth. It’s not
going to change what he says, but it is going to let him know that his lies aren’t resonating

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