MCViewPoint

Opinion from a Libertarian ViewPoint

Who is Paying the Steel Tariff?

Posted by M. C. on December 13, 2018

The Masochist’s Tax

http://www.economicpolicyjournal.com/2018/12/who-is-paying-steel-tariff.html

Some are claiming that the Chinese are absorbing the price of the steel tariff imposed by President Trump.

But the data show otherwise.

You have to watch Paul Krugman carefully because he can be a Lefty sneak with distorted data but he presents truth here:

Paul Krugman

@paulkrugman

A note for Tariff Man, who thinks foreigners pay tariffs. Here are steel prices in the US and world export markets as the Trump tariff went into effect, from http://steelbenchmarker.com/files/history.pdf  Kind of looks as if Americans paid the tariff, doesn’t it?

RW 

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