Trade Wars - More Winning for American Consumers!

[moneill]

Originally Posted by phma

That's part of the liberal fantasy and the only kind of link that would support it.

I remember at least 3 years during Obama's terms when there was zero COL increase.

Does anyone really believe that for 3 years prices never went up. I know during those years my insurance and various other necessities increased. No COL increased to offset it.

Cost of living will always go up -- it's the percentage of how it increases.

Tariffs are taxes. To cut corporate taxes and then slap on tariffs -- taxes.

Trump is purposely misleading his base on the facts of international trade.
And on one side of his mouth he is talking about how amazing the economy is doing...and the other side how the USA is being destroyed economically because of tariffs.

And the crowd roars....lol

It has become now a 'thing' -- like the 'lock her up' chant -- it's not about the substance -- it's about the show.

And folks are silly to play into his game just so they can say their team is winning.

Nobody wins.

[Ferd]

Originally Posted by Retroit

As the article says, if China were to decide to “start a trade war” (liberal terminology), it would do no good since the Chinese import very little from the US — because China already places a high tariff on US goods!

oops

[Old Gringo]

"Trade wars are good. And easy to win!"

words of a stable genius.

[Brave New World]

There is a big difference between China and Europe.

The US exports only $187.5 Billion to China, and there is a massive trade deficit.

In terms of Europe, the US exports totalled $501 Billion nearly three times as much as the US exports to China and the trade deficit is a quarter of that between the US and China.

The bigger the deficit the more leeway you have in a trade war, however in terms of Europe it's not a massive amount and tens of millions of jobs rely on transatlantic trade that amounts to over $1 Trillion every year, with taiffs of only around 3%.

Originally Posted by The People's Republic of China | United States Trade Representative

U.S. goods and services trade with China totaled an estimated $710.4 billion in 2017. Exports were $187.5 billion; imports were $522.9 billion. The U.S. goods and services trade deficit with China was $335.4 billion in 2017.

The People's Republic of China | United States Trade Representative

Originally Posted by European Union | United States Trade Representative

U.S. goods and services trade with the EU totaled nearly $1.1 trillion in 2016. Exports totaled $501 billion; Imports totaled $592 billion. The U.S. goods and services trade deficit with the EU was $92 billion in 2016.

European Union | United States Trade Representative

Whilst 3 countries, Germany, Italy and Ireland account for around three quarters of what deficit there is between the US and EU.

Trade balance with the United States by EU Member State, 2017