Asia

Robert B. Reich: A tip for Tariff Man

Robert B. Reich: A tip for Tariff Man

“I am a Tariff Man,"President Trump tweeted last week. "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. ... We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN."

I'm sorry, Mr. President, but you got this wrong. Tariffs are paid by American consumers. About half the $200 billion worth of Chinese goods you've already put tariffs on come almost exclusively from China, which means American consumers are taking a hit this holiday season.

These tariffs function exactly like taxes. By imposing them, you have in effect raised taxes on most Americans. You have made...

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