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Wednesday, December 5, 2018

Reality . . .

. . . NOT reality tv, but reality economics . . .


(from https://www.nbcnews.com/politics/white-house/fact-checking-trump-no-tariff-man-china-doesn-t-foot-n943686)
"The people who are purchasing foreign goods are paying tariffs," said Columbia Business School professor Amit Khandelwal, who teaches on international trade. . . If you went to an electronics store right now and bought a foreign-made, big screen television hit by tariffs, the sale price will likely include a sizeable price hike thanks to the U.S. tariff — potentially to the tune of hundreds of dollars.




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