Analysis: Trump greatly oversimplifies his tariffs with ‘billions’ claim

He argued on Twitter that the punitive taxes on incoming goods are pouring billions of dollars into the economy, and earlier in the week he said they had absolutely nothing to do with GM’s announced closure of plants in the US.

“Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, and there is a long way to go. If companies don’t want to pay Tariffs, build in the U.S.A. Otherwise, lets just make our Country richer than ever before!” Trump tweeted Thursday.