I would like to make a few corrections to the information given by Thomas Adams on the effect of tariffs on Chinese goods.
The Northwest farmers and farmers across the nation had a decided decrease in sales of their products to China, and in fact, Congress appropriated and President Trump signed a bill to provide some compensation to the farmers for their losses — not enough to cover all losses by any means.
As for China paying the tariffs: tariffs are levied on products when they come into the country and are paid by the company ordering the goods. These tariffs are not paid by China, and those companies paying them generally pass them on to the consumer who buys from them.
The same is taking place with steel and other products from Europe because of the president's tariffs, likewise in Mexico, which he said would pay for the wall by paying tariffs. The tariffs may lead to a decrease in purchases from other countries if our consumers buy less because of higher prices, but the consumer here at home pays for tariffs.
We all need to understand this as we look at what is happening to our economy. Yes, unemployment is steady at 3.5 percent of the workforce, but only those recorded as actively looking for jobs are counted. Many have dropped out and are not looking or may have taken two part-time jobs to support themselves.
Statistics are sometimes deceiving, and we need to take care in looking at them.