China Only Pays 8% of U.S. Tariffs – Who Picks Up the Rest?

via reason: Former President Donald Trump and his top trade advisers spent years arguing that tariffs applied to imports from China were not being paid by Americans—despite what economic theories and actual reality suggested. Since taking office, the Biden administration has picked

Tariffs, Congress

by WARREN MOSLER Imports are real benefits, exports real costs. Seems everyone of consequence has it backwards? A collapse in global trade can make 2008 look tame: