@ScottAdamsSays In the debate, Trump said specifically that China effectively pays the US tariffs through weakening of the Chinese currency. That is theoretically solid, and it empirically happened when the tariffs were imposed. Trump was correct, and he explained it.
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2 topics. 1) China devalue $'s to stretch their money. 2) The $'s trade fee was directed to farmers, which will help farmers until the trade is equivalent.
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China took long term damage from trade war. Many businesses moved some or all of their manufacturing out of China - but generally not to the US. Vietnam was a big winner. When tariffs end, it's likely that manufacturing does not move back to Chinahttps://www.forbes.com/sites/warrenshoulberg/2019/10/16/us-finally-succeeds-in-vietnam-as-more-companies-move-sourcing-there/#21479f064a4e …
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Stylized example. US imports from China $100, tariff 10%. US collects $10 from tariffed US buyers of CH imports. US buyer had to pay $110 for goods, though. But when CH currency falls 10%, US goods cost $90, tariff is $9 (total $99). US buyers save $1, $9 tariff distributable.
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/2 The distributable $9 can go to farmers or whomever the president designates as "trade relief" under same law as enabled tariffs in the first place.
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