Amazon CEO Andy Jassy told shareholders during a virtual meeting Wednesday (May 21) that the tariffs the President Donald Trump administration imposed on imported goods have not affected sales. "We also haven't yet seen any meaningful average selling price increases," Jassy said, according to a Wednesday Reuters report. "When you have 2 million sellers, they're not all going to take the same action."
So, as predicted by Trump and other - the manufacturers and middle men eat the tariffs and the tariffs ARE NOT paid by the US consumers. For cheap Chinese goods that try to pass on the costs - people simply no longer buy the products as they price themselves out of the market.
seems to have nothing
Yep. Now I will tune him out while he goes on his nightly rampage of nonsense.
... So, as predicted by Trump and other - the manufacturers and middle men eat the tariffs and the tariffs ARE NOT paid by the US consumers. ...
No, what was actually said by Pres Trump was that the foreign Countries, e.g. China, pay the tariffs.
Not Americans consumers or American companies or American middle men.
Fact check: Trump and Vance keep falsely describing how tariffs work September 2024)
www.cnn.com
... Former President Donald Trump and Republican vice presidential nominee Sen. JD Vance continue to falsely describe how one of their major policy proposals, across-the-board tariffs, would work.
Trump has falsely, and repeatedly, claimed that China " not US importers " pay the tariff.
At a rally in Arizona in mid-August, he claimed that Vice President Kamala Harris, his Democratic opponent, is lying when she refers to his tariff plan as a "Trump tax."
"She is a liar. She makes up crap ... I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country," Trump said.
In September, he repeated the claim during an interview with Fox News: "It's not a tax on the middle class. It's a tax on another country."
And he said again during a rally in Wisconsin Saturday that "it's not going to be a cost to you, it's going to be a cost to another country."
Vance said in late August that as a result of tariffs Trump imposed during his presidency, "prices went down for American citizens."
"They went up for the Chinese but they went down for our people," Vance added.
But that's not true. ...
Many links in that article.
But the gist is, Pres Trump and VP Vance lied to the American people about who pays tariffs.
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