Trump's China Trade wars: stupid is as stupid does

Stupid is as stupid does and stupid are those who believe Trump's line that China pays.. Three heavyweights..Harvard, U of Chicago, and the Federal Reserve.. studies show that American consumers get stuck with the cost of Trump's tariffs on imported goods, not China. In September, all consumer goods from China will get a 10% tariff and we ..not China..will pay for it. GDP growth was slowed by the trade war and for that reason, the Fed lowered interest rates to head off inflationary pressures.
This does not count the billions of taxpayer bailouts to the midwest farmers who lost their China markets and will suffer from long term impacts of that loss, even if a trade deal is reached.. Trump may be living up to his campaign promises to the midwest rust belt but as plant closings continue, it may be obvious to the rest of us that ...that his promises themselves were based on stupid economic assumptions. It was not that Trump was not warned about the results, but to cover his tail, he has to keep lying to Fox et al viewers that what they will see on price tags when they shop this fall is a figment of their imagination.

https://www.newsweek.com/trump-trade-war-china-tariffs-study-1453160?fbclid=IwAR28TLkL1DVRUjW3PfE71cuKh6vvafywfmYDEkOLNhPGVfFPz61XLy