WASHINGTON, May 14, 2019 — The Treasury Department’s collection of more than one hundred million dollars in taxes from American companies and consumers is evidence that the United States is “winning” a trade war with China, President Trump said on Tuesday.
“I think we’re winning it, we’re going to be collecting over one hundred million dollars in tariffs,” he said while speaking to reporters before departing the White House on Marine One.
“Our people, if they want, can buy from some place else other than China, or really, the idea is that they can make their product in the USA,” he added.
Although tariffs are import taxes which are paid by American corporations and consumers, the President has spent nearly two years falsely claiming that tariffs he has imposed on Chinese steel, aluminum, and consumer goods are paid by China as some sort of fee paid for access to American markets.
But despite his insistence that his tariffs have resulted in China paying money into the United States’ coffers, the cost of these tax increases has been borne by American consumers in the form of higher prices passed on to them by companies that pay tariffs on imported Chinese goods, and by American farmers who’ve been hurt by the retaliatory tariffs China has imposed on American agricultural products.
Trump’s solution to the economic pain felt by farmers in states that supported him in the 2016 election has been to claim — without evidence — that his trade policies will eventually benefit farmers, and to push for massive government subsidy payments to soybean farmers and others who’ve been unable to sell crops they could previously sell in Chinese markets.
“Our great Patriot Farmers will be one of the biggest beneficiaries of what is happening now. Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference based on a very high China buy,” Trump tweeted on Tuesday morning.
“This money will come from the massive Tariffs being paid to the United States for allowing China, and others, to do business with us,” he added.