That's
because a tariff is in fact a tax on consumers.
The Chinese aren't paying that extra $86 - $92. You are.
And if you thought buying "American" would help, you are
wrong. Domestic machines went up by 5% -
17%, versus 12% for foreign brands.
(White, 2019)
It
might not be just greed, because component parts for all machines have gone up
thanks to President Trump's new taxes. But,
Whirpool CEO Marc Bitzer was one of the people who pushed for those tariffs in
January 2018. Just saying.
So the
question is how long can Trump keep sending out untruthful tweets like this one
from Friday before people figure it out.
"Tariffs are NOW being paid to the United
States by China of 25% on 250 Billion Dollars worth of goods & products.
These massive payments go directly to the Treasury of the U.S." — tweet Friday.
(2019)
After
all, he is the master of miscommunication.
He tells his lies first and repeats them often. Eventually people think what he is saying is
true because they "have heard it somewhere."
But, I'd
say the next time they buy a washing machine they are going to notice. Maybe that's why category sales decreased by
9.7% in 1st quarter 2018. (Statista,
2019)
You
can fool some of the people, some of the time...
White,
M. (2019, April 19) Trump's washing
machine tariffs are costing Americans almost $100 more per appliance. nbcnews.com.
Retrieved May 14, 2019, from https://www.nbcnews.com/business/consumer/trump-s-washing-machine-tariffs-are-costing-americans-almost-100-n999461
(2019,
May 13) Trump's trade talk is full of misinformation, experts say. cbsnews.com.
Retrieved May 14, 2019, from https://www.cbsnews.com/news/trump-china-trade-talk-misinformation-tweet-claim-review-2019-05-13/
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