This Is What Happens When You Put An Idiot In Charge of a Complex System

[Minimalist]

And now we know for sure.  The Orange Turdfuhrer has no idea how tariffs work.

http://www.chicagotribune.com/news/opini...story.html

Once the new tariffs are in place, Trump’s levies will apply to almost half the value of the products we buy from China.

Too bad the president doesn’t seem to understand who will pay these tariffs.

At an event earlier that day, Trump talked about the trade negotiations with Mexico and Canada, then said, “China is now paying us billions of dollars in tariffs, and hopefully we’ll be able to work something out.” That’s exactly backward. The tariffs Trump imposed on Chinese goods are paid by the businesses and consumers in this country that buy them.

In other words, the tariffs are a tax on our people, not theirs. The pain ultimately is borne by U.S. consumers, as businesses pass along the tariffs they pay on the Chinese components and metals they buy. Alternatively, when businesses shift to higher-priced U.S.-made components and metals to avoid the tariffs, their costs go up, and their prices follow.

His ignorance is bigly.  What a fucking shithead.