Comments by "" (@theylied1776) on "Peter Navarro: Tariffs are raising revenues" video.

There is NO debate or argument, every Business and Economics textbook lists a Tariff as a TAX on the importer's consumers/customers! To claim otherwise is a bald-faced LIE! In all of modern history, there has never been a single corporation or country that has ever paid a tariff... it is always passed on to the consumer.
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@montestu5502 Your premise is flawed, you are Beyond incorrect because Chinese manufacturers aren't cutting their prices they're losing their manufacturing to Mexico, Vietnam, and India. Large Retailers like AutoZone, Pep Boys, Walmart, Target, and Lowe's are all moving manufacturing to these three countries. But if you disagree why don't you show me which Chinese manufacturer has actually cut their prices as a result of Trump's tariffs. All I need is one. There must be articles out there somewhere to prove your point.
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@montestu5502 The devaluation of the currency does nothing when it comes to a tariff. You have taken basic economics, right?
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@montestu5502 Again post the article, I don't see what's so hard about that? And your comment about a deviation in the currency offsetting the 25% tariff is laughable. You do understand how basic Economics work, right?
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@montestu5502 Basically because the currency fluctuates on a daily basis. Unless you're currency manipulator like China, currencies in Western Nations like the United States, Canada, and Great Britain pretty much remain the same year round.
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@montestu5502 Fun fact, Bitcoin is not allowed in China because they can't manipulate that currency market.
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