Trump and foreign trade

From Yahoo! Finance: 2019-01-04
AAPL
CNBC Videos • Fri 1:57 PM
Trump: China is paying us tremendous tariffs

AAPL
Fox Business Videos • Fri 1:59 PM
Trump: I want Apple to make their products in the US

AAPL
CNBC • Fri 2:53 PM
Trump says he's not concerned about Apple because it builds products in China

Who is paying the “tremendous tariffs?  It is not the Chinese.  They just pass those tariffs on to the U.S. customers.

But the complexity gets worse.  Do U.S. manufacturers cut their costs by manufacturing in other countries.  If they cut their costs, do they pass those savings on to their customers or do they just add them to their profits.

If the savings are passed on, the customers benefit.  If the savings are considered profits, do those at the top get bigger bonuses or do the share-owners get bigger dividends or bigger profits when they sell their stock.

Quote of the day: entitlements

"Indeed we do have an entitlement problem; some feel so entitled to power & wealth that they're willing to undermine our economy and our democracy."
- Annabel Park, founder of the Coffee Party

Click here for original.

Let's see!  Is the CEO of U.S. Bancorp entitled to $9,311,164 for 2012 compensation?  Or did he earn it?  Who decided this?  Did the shareholders or the self-selected board of U.S. Bancorp?  If Richard Davis earned it, did he do it with his own "hard work" or did thousands of employees contribute to the success of U.S. Bancorp and earned far less than one-hundredth of what he received.  If the latter, did they receive a bonus for their hard work?  Now these are the people who are entitled to better pay.

See "CEO pay watch: U.S. Bancorp's Richard Davis", Patrick Kennedy, Star Tribune, 2013-03-13