When President Donald Trump declared early Tuesday that he was “a Tariff Man,” it was almost as if Twitter had been lying in wait. From economists to pundits to the social-media platform’s rank and file, seemingly everyone had a take. And fast.
Some noted that it seemed the president was clinging to his belief that those ultimately on the hook for increased costs when Washington imposes tariffs on imports were foreign countries and overseas business, rather than the U.S. consumers to whom tariff-related price increases are all but invariably passed along.
Others observed that “Tariff Man” sounded like quite the superhero name, albeit for a superhero with a power of uncertain efficacy.
tfw you have a fundamental misunderstanding of how tariffs work
— Erin Altman (@AltmanErin) December 4, 2018
This shows your lack of vision and understanding of trade. By keeping a balance sheet- you hurt valuable American Industry by increasing costs of goods in the USA!!! you should only issue tariffs if we have a SURPLUS of goods here!!! Now American Consumers pay more because of you
— Kevin Otis (@incredibleotis) December 4, 2018
Tariffs are taxes paid by American consumers and companies, take 1000. https://t.co/7Hod90H14z
— Ben White (@morningmoneyben) December 4, 2018
Do you even know what a tariff is?
a TAX or duty to be paid on a particular class of imports or exports
Guess who pays the tax? You idiot. pic.twitter.com/Q2jdccl30y
— Scott Walker Is Defeated (@scottwalkerwtch) December 4, 2018
He may as well sing the correct lyrics since tariffs are taxes. #Beatles
— Sassy Jax, Esq ⚦♊︎