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Donald Trump blinks in his one-man trade war with China: US govt stalls import tariff hike on Chinese phones, laptops, electronics

FeepingCreature

> Although economists argue that all these levies do is push prices up, with the burden falling on buyers rather than sellers

This is bad economics. Yes they push prices up - that's the entire point. Yes the burden falls on buyers, so buyers don't buy the thing as much. If they would still buy it, the price would already have been raised anyways; otherwise you're suggesting the companies have been leaving money on the table. The goal is that it specifically pushes prices up for chinese products. The point isn't to get chinese sellers' money, as that quote would seem to imply, the point is to *prevent* chinese sellers from getting (as much) money.

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