Trump's Treasury Secretary Admits Tariffs Are Paid by Americans

[coati]

No one can beat Trump on this. The money is rolling in and Americans will see that.

What real Americans will see is that the Orange Pig's tariff money is rolling into tax breaks for the multinational Amerikan oligarchs, and working people will pay the cost.

 

[DeluxAuto]

The money is rolling in and Americans will see that,

That explains why his approval rating is tanking faster than you on this thread.

 

[DeluxAuto]

 

[MajorRewrite]

The money is rolling in and Americans will see that, along with stable prices (see above) and strong markets (see above).

1. Tariffs are paid by American businesses and consumers. Money isn’t “rolling in”, it’s flying out of American wallets.
2. Prices aren’t stable. The core CPI and the PPI are now over 3%.

Good job, Totally Fact Free wallstreetguy.

 

[ChinoMoreno]

Yeah, I am done with that

I know this one! He's the demented old man who got conned by the Speaker of the House into signing an immigration amnesty that destroyed his legacy adn the country.
Nailed it!

My mans killed mental hospitals and ignored AIDS.

 

[wallstreetguy]

My mans killed mental hospitals and ignored AIDS.

First was bad and second is a non-issue. The govt gave money instantly to this via CDC. They wanted Reagan to say something about it and he did not. He was not much of a leader once the dementia set in second term.

 

[wallstreetguy]

1. Tariffs are paid by American businesses and consumers. Money isn’t “rolling in”, it’s flying out of American wallets.
2. Prices aren’t stable. The core CPI and the PPI are now over 3%.

Good job, Totally Fact Free wallstreetguy.

1. Someone has to pay the debt. Consumers and businesses are doing the lion's share because duh, they have the money to do it.
2. You are using core CPI. Nice job on cherry-picking. I do that for a living, so bravo. I go with the 2.7% CPI. Gas is down and that effects food prices (transportation). Housing prices are down too. I put that one on all the migrants leaving. Landlords cannot put 15 Guatemalans in a house and charge each $1000/month. They now have to rent it out to 4 college students or one family. That is happening in south Florida right now and I am sure it will happen in other places too.

 

[schism666]

Landlords cannot put 15 Guatemalans in a house and charge each $1000/month. They now have to rent it out to 4 college students or one family.

rent cost has nothing to do with who lives in the house.

did you even graduate high school?

 

[JohnEngelman]

Welp...

Treasury Secretary Admits Trump’s Tariffs Are Paid by Americans

https://nz.news.yahoo.com/treasury-secretary-admits-trump-tariffs-193230724.html

I hope Treasury Secretary Bessent keeps his job. Trump gets angry when a subordinate exposes his lies.

 

[DeluxAuto]

https://www.reddit.com/r/therewasanattempt/s/P4fN3EvVJg

 

[MajorRewrite]

1. Someone has to pay the debt. Consumers and businesses are doing the lion's share because duh, they have the money to do it.
2. You are using core CPI. Nice job on cherry-picking. I do that for a living, so bravo. I go with the 2.7% CPI. Gas is down and that effects food prices (transportation). Housing prices are down too. I put that one on all the migrants leaving. Landlords cannot put 15 Guatemalans in a house and charge each $1000/month. They now have to rent it out to 4 college students or one family. That is happening in south Florida right now and I am sure it will happen in other places too.

1. Nobody is “paying the debt”. Deficits and the national debt are growing under Deficit Donnie.
2. There’s a reason the Fed focuses on core CPI. As an “analyst” you should know that. The PPI also was up in July. Inflation indicators are headed in the wrong direction.

 

[DeluxAuto]

What the fuck is a tariff shelf?

 

[heathrowinneo]

What the fuck is a tariff shelf?

View attachment 2558157

Tariff shelf. Right next to bullshit, lies and more crap that is peddled to the cult. Some of it is regurgitated by the cult followers here.

Find it amazing that there are more cult followers that do not understand tariffs and who pays them. Wal mart. Amazon and others did post tariff costs until the administration flipped out. Tariffs are paid by American companies and consumers. Expect more to be pushed onto the American consumer.

 

[stxjimmy]

Tariff shelf. Right next to bullshit, lies and more crap that is peddled to the cult. Some of it is regurgitated by the cult followers here.

Find it amazing that there are more cult followers that do not understand tariffs and who pays them. Wal mart. Amazon and others did post tariff costs until the administration flipped out. Tariffs are paid by American companies and consumers. Expect more to be pushed onto the American consumer.

Repay all public debt, just get a more biggly tariff shelf.

It takes a special kind of stupidity to post daily about tariffs being non inflationary and rational. wallstreetguy, reichguide, ican’thelp, et al are imbecilic provocateurs.

 

[MajorRewrite]

What the fuck is a tariff shelf?

View attachment 2558157

At that same press conference, Trump pretended that tariffs are bringing in “trillions” from “foreign countries”.

 

[PintlerMan]

all this from the posters on Lit that have the credibility of The View.

 

[MajorRewrite]

all this from the posters on Lit that have the credibility of The View.

Are you still pretending that TrumpTariffs aren’t paid by American businesses and consumers? Give up. The Treasury Secretary finally admitted the truth that all sane people knew.

 

[stxjimmy]

Are you still pretending that TrumpTariffs aren’t paid by American businesses and consumers? Give up. The Treasury Secretary finally admitted the truth that all sane people knew.

 

[wallstreetguy]

View attachment 2558235

Bad grammar/not worth paying attention.

 

[stxjimmy]

Bad grammar/not worth paying attention.

Yet you posted in reply

 

[wallstreetguy]

Yet you posted in reply

Did not address central thesis, only the bad grammar. But for you, I will point out that American colonists had no representation in British Parliament. Had they been able to vote and get their voices heard, and yet still lost, they would have grudingly paid the taxes and remained loyal Englishmen.

 

[stxjimmy]

Did not address central thesis, only the bad grammar. But for you, I will point out that American colonists had no representation in British Parliament. Had they been able to vote and get their voices heard, and yet still lost, they would have grudingly paid the taxes and remained loyal Englishmen.

Your thesis can’t be proven, and your reply contains more poor grammar than the meme itself.

 

[heathrowinneo]

Did not address central thesis, only the bad grammar. But for you, I will point out that American colonists had no representation in British Parliament. Had they been able to vote and get their voices heard, and yet still lost, they would have grudingly paid the taxes and remained loyal Englishmen.

btw, the current congress is mia... doing nothing for american's

 

[wallstreetguy]

btw, the current congress is mia... doing nothing for american's

I will not correct your grammar but I will rebut your point: The Big Beautiful Bill is the greatest piece of legislation passed in a generation. It will enshrine ICE as an arm of government for decades to come. No Democrat will be able to dismantle it. That will protect Americans (even foolish liberals) from threats, both foreign and domestic.

 

[heathrowinneo]

I will not correct your grammar but I will rebut your point: The Big Beautiful Bill is the greatest piece of legislation passed in a generation. It will enshrine ICE as an arm of government for decades to come. No Democrat will be able to dismantle it. That will protect Americans (even foolish liberals) from threats, both foreign and domestic.

The big bamboozle is creating more unsustainable debt. It benefits the few at the expense of the American Middle and working class.