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Frank Li —China Is Paying for the Tariffs like Mexico Is Paying for the Wall!

Summary:
Again, President Trump has escalated the trade war against China (Trump threatens more tariffs and China promises retaliation as trade war intensifies). Again, he is falsely claiming that China is paying for his tariffs (Trump Says China Pays for His Tariffs, He’s wrong)! Again, let me chip in my two cents:  Who are paying for the tariffs? The importers and consumers in America, not the folks in China! Are the manufacturers in China hurt? Yes, but only slightly, as their orders keep coming, steadily! How do I know all that? I am an importer, and I have been in this business for the past 15 years!... econintersectChina Is Paying for the Tariffs like Mexico Is Paying for the Wall! Frank Li | Chinese ex-pat, Founder and President of W.E.I. (West-East International), a Chicago-based

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Again, President Trump has escalated the trade war against China (Trump threatens more tariffs and China promises retaliation as trade war intensifies). Again, he is falsely claiming that China is paying for his tariffs (Trump Says China Pays for His Tariffs, He’s wrong)! Again, let me chip in my two cents: 
Who are paying for the tariffs?
  1. The importers and consumers in America, not the folks in China!
  2. Are the manufacturers in China hurt? Yes, but only slightly, as their orders keep coming, steadily!
How do I know all that? I am an importer, and I have been in this business for the past 15 years!...
econintersect
China Is Paying for the Tariffs like Mexico Is Paying for the Wall!
Frank Li | Chinese ex-pat, Founder and President of W.E.I. (West-East International), a Chicago-based import & export company, B.E. from Zhejiang University (China) in 1982, M.E. from the University of Tokyo in 1985, and Ph.D. from Vanderbilt University in 1988, all in Electrical Engineering
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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