'China isn't paying these tariffs, you are,' says Fox Business Network anchor
Updated 11:39, 04-Aug-2019
Fox News screenshot.

Fox News screenshot.

A Fox Business Network anchor, Neil Cavuto, debunked U.S. President Donald Trump's comments about China paying for the tariffs on Saturday. 

Regarding Trump's proposed new tariffs on 300 billion U.S. dollars' worth of goods from China, Cavuto said on his TV program that "Just to be clarifying here, China isn't paying these tariffs, you (American consumers) are.”

Just to be clarifying here, China isn't paying these tariffs, you (American consumers) are.
 -  Fox Business Network's anchor Neil Cavuto

He continued that "It's passed along to you through American distributors and their counterparts in the United States that buy this stuff from the Chinese and have to pay the surcharges. Not the Chinese government."

Since the potential tariffs will happen on ordinary consumer items rather than industrial-related items, Cavuto believed the latest tariffs "will most directly be felt by consumers directly."  

'You interviewed the wrong farmer'

Trump insisted American famers are backing him on his tariff strategies while taking questions on the White House lawn Friday afternoon.

During Friday's impromptu press gaggle, a reporter asked the president that a farmer she had interviewed told her the tariffs has had a negative effect.

Trump shook his head and said "You asked the wrong farmer."

Fox News screenshot.

Fox News screenshot.

"Remember this, our country is taking in billions and billions of dollars from China," Trump said, adding that "We never took in 10 cents from China. Out of that many billions of dollars, we're taking a part of it and giving it to the farmers because they've been targeted by China. The farmers, they come out totally whole."

"You asked the wrong farmer," Trump said again at the end.

Are the tariffs good for the U.S.?

Cavuto had already questioned President Trump's statistics about tariffs bringing 100 billion U.S. dollars in revenue to the U.S. from China, during an interview with Senate Finance Committee Chairman, Chuck Grassley, in May 2019.  

At the time Cavuto asked Grassley: "He (Donald Trump) uses a figure to talk about, 'The tariffs have actually been very good to us. We have gotten 100 billion from the Chinese.' Do you know where he got that figure?"

The senator replied that Trump took additional tariffs that the U.S. has imported against the amount that China imports into U.S.

But Gavuto didn't buy Grassley's math, "I don't think he said that, senator, but who are we to quibble over details like this? A billion here, a billion there. I can go 35 billion, maybe up to 39 billion, maybe 40 billion, but when you're lumping that together with items that we sell abroad to China, you're lying." The senator didn't comment on it and they moved on to another different topic.

Fox Business Network screenshot.

Fox Business Network screenshot.

Who's paying the tariffs?

Trump announced on Thursday a plan to impose an additional 10-percent tariff on 300 billion U.S. dollars worth of Chinese imports effective on September 1, which has drawn criticism worldwide. 

The latest tariffs Trump plans to impose on Chinese goods would cost U.S. households an average of 200 U.S. dollars a year, some economists estimate, and would start to bite consumers and retailers just as the holiday shopping season begins.

That cost would come on top of the roughly 830 U.S. dollars imposed per household from Trump's existing tariffs, according to a New York Federal Reserve analysis.