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What is weird is googling, "What has been the effects of Trump's tariffs on China", and seeing report after report talking about the effect on American but very little on the question of the effect on China
About 20% of Chinese exports are to the US.
US corporations sold us out and shipped jobs and manufacturing capacity to China. We have a little capacity to make what China is selling, so we will continue to buy at increased prices. US consumers will pay the tariff.
China on the other hand can reduce its US pork and grain imports and hurt US farmers. China will stop buying Boeing, buy more Airbus, and grow their own aerospace industry.
Nobody wins a trade war but China can outlast us and trade with other parts of the world - while Trump slaps on tariffs all around and denigrates all our trade partners. America First is America Alone.
Tariffs and trade barriers are tools all countries recognize and use, not attacks.
There is a difference and understanding that difference, makes a difference.
I see double standards. Got it. Chine attack us with tariffs but we're not attacking them..
Are you perhaps reading news that is coming from America that might be a bit more preoccupied by how things affect America more than how they affect other countries? It’s pretty much the same in France as well where they’ve focused on tariff effects on the French economy. It’s bizarre how that works.
Hannity often says journalism is dead. He is correct when what passes for journalism today are reports of effects on one side and not all who are effected. There is no way to know if the effects are achieving the desired results of those involved.
Liberal media counts on the information blackout to support their political desires.
The mushroom effect. Keep people in the dark and feed them BS.
China Customs assesses and collects tariffs. Import tariff rates are divided into six categories: general rates, most-favored-nation (MFN) rates, agreement rates, preferential rates, tariff rate quota rates, and provisional rates. As a member of the WTO, imports from the United States are assessed at the MFN rate. The five Special Economic Zones, open cities, and foreign trade zones within cities offer preferential duty reductions or exemptions.
China may apply tariff rates significantly lower than the published MFN rate for goods that the government has identified as necessary to the development of a key industry. For example, China's Customs Administration has occasionally announced preferential tariff rates for items in the automotive, steel, and chemical sectors.
And they have significant capital reserves with which to do so. 3.14 Trillion at the moment. They can quite literally replace our trade with all cash grants for YEARS.
Meanwhile Trump just increased our deficit, and we are deeply in debt. We CANNOT afford to replace this trade as China can.
Additionally Chinas people would go absolutely berserk if Chinas leadership gave in on this sort of dispute. The US people and businesses are going to get more and more upset as this bites. Trump is quite literally going to lead to the Republican parties complete failure. The only question is how much damage will be done before adults take over again.
Trumps right about the trade issues being unfair. This was not the way to address it in the end I think.
At least people recognize China is out of "tat" in the tit-for-tat tariffs.
If China wants to burn through 30 years of building capital reserves in five years, have at it. At $100B/yr we could replace our exporters with cash grants for ten years and only add a trillion, which has come to be chump change in our spending.
Wars are almost always about attrition. Libs only want to view it in terms of what it costs us and how it hurts us. It's going to hurt them ten times more. Our economy is hot, theirs is not. We can afford it more than they can.
And I just love the repeated predictions of Trump's demise.
Another example of the GOP increasing taxes. The tax cut is gone for 90% of the country.
UE jumped to 4% as the great Trump is slowing down hiring. June should have been a large hiring month, instead 215K not enough to employ those who wish to work.
What exactly do you think your link says? That they dropped tariffs of 22-24% on textiles to 10-12%? When our tariffs in reverse have been around 2%, China has been "attacking" us for decades. We are indeed retaliating for their tariffs which have been 2 to 3 times higher than our tariffs. Past US leaders haven't had the courage to stand up to them, now we have one who does.
China Customs assesses and collects tariffs. Import tariff rates are divided into six categories: general rates, most-favored-nation (MFN) rates, agreement rates, preferential rates, tariff rate quota rates, and provisional rates. As a member of the WTO, imports from the United States are assessed at the MFN rate. The five Special Economic Zones, open cities, and foreign trade zones within cities offer preferential duty reductions or exemptions.
China may apply tariff rates significantly lower than the published MFN rate for goods that the government has identified as necessary to the development of a key industry. For example, China's Customs Administration has occasionally announced preferential tariff rates for items in the automotive, steel, and chemical sectors.
Hannity often says journalism is dead. He is correct when what passes for journalism today are reports of effects on one side and not all who are effected. There is no way to know if the effects are achieving the desired results of those involved.
Liberal media counts on the information blackout to support their political desires.
The mushroom effect. Keep people in the dark and feed them BS.
How would Hannity know anything about journalism?
He is an entertainer not a journalist.
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