President Donald Trump has finally dropped his ruse that China pays tariffs to the U.S. Instead, he emphasized another trade lie on Monday. Trump has repeatedly insisted that China pays tariffs directly to the U.S. government. But it’s actually U.S. importers who pay tariffs for Chinese goods, and they pass those costs to U.S. consumers in the form of higher product prices. Trump finally appeared to concede in a tweet that Americans are the ones who really shoulder tariff costs.

Source: Huffington Post May 14, 2019 01:30 UTC