US & China pausing tariffs does not end the needless damage being done to consumers and businesses

The agreement by both the US and China to pause tariffs might make things easier in the very short term, and it may lead to a deal, but it hides that American consumers and firms will still have to deal with extreme expenses and other trade changes that do nothing but harm.Tim Cook [left], President Donald Trump [right]Trump continues to claim that it is foreign countries who will pay his tariffs, when in fact none of them will. The entire cost is always and invariably borne by the US firms importing goods from overseas, and so at least some of the cost is always passed on to the American consumer.Then Trump claims that the tariffs will make companies relocate their manufacturing to the US, and it will not. The iPhone simply cannot be made in the States, there is not the labor skill nor the rare minerals needed. Continue Reading on AppleInsider | Discuss on our Forums