Love this opening line ...
www.latimes.com/business/hiltzik/la-fi-hiltzik-trump-tariff-bailout-20190524-story.html?fbclid=IwAR14Vq0toNSRMWK045Z3IP5SLoKQHiOJ83DW4cI1lGOt6-5Fkelkl5ECBUA
'We’ll say this for President Trump: When he misunderstands something, he misunderstands it more than anyone else in creation.
Take the business of tariffs. Trump is unshakably convinced that his tariffs are a tax on China. He repeated this grossly erroneous claim just Thursday, during his announcement of a new $16-billion bailout for farmers harmed by, yes, his tariff war.
“Just so you understand,” he said, “these tariffs are paid for largely by China. A lot of people like to say by ‘us.’ ”
Well, the people who say that are economists and other experts who have done the math, and found that the tariffs Trump has imposed on imports from China cost American consumers $68.8 billion last year, though some of that spending got funneled back to some domestic producers in the form of higher prices (which their customers, of course, paid).'