Fox Business guest: “I am so sick and tired of people saying that it's the American consumer that's paying for these tariffs”  

Lou Dobbs: “They are spewing such nonsense about tariffs, that I think what you're saying needs to be underlined”  

From the May 13 edition of Fox Business News' Lou Dobbs Tonight: 

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BILL LEE (GUEST): Let me add one thing. I am so sick and tired of people saying that it's the American consumer that's paying for these tariffs. One of the first things you learn in international economics is it's the importers of the goods paying that are paying the tariffs. Now the importers are both American and Chinese firms, but more importantly the importers are going to do their darndest to push the prices back for Chinese, not the American consumer. 

LOU DOBBS (HOST): This is such an important point. If you will break that down one more time, begin at the beginning for our viewers. Because we're watching some of the business press in this country, the political press, the left-wing media, I mean they are spewing such nonsense about tariffs, that I think what you're saying needs to be underlined. 


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