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Old 09-10-2018, 12:56 AM
 
13,711 posts, read 9,233,267 times
Reputation: 9845

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Oooops.


Quote:

Trump's tariffs are supposed to reduce China's trade surplus. It just hit a record high.

China's trade surplus with the United States hit a record monthly high in August despite the Trump administration's imposition of two rounds of new tariffs on Chinese goods and plans to levy additional taxes soon.

The surplus increased from $28.09 billion in July to $31.05 billion last month.
.

 
Old 09-10-2018, 01:14 AM
 
Location: North of Canada, but not the Arctic
21,135 posts, read 19,714,475 times
Reputation: 25658
More imports means more tariff revenue.

Winning!
 
Old 09-10-2018, 01:23 AM
 
435 posts, read 176,106 times
Reputation: 395
Quote:
Originally Posted by Retroit View Post
More imports means more tariff revenue.

Winning!
lol, that revenue is paid by the American consumer through higher product costs.

Taxes!
 
Old 09-10-2018, 01:35 AM
 
Location: North of Canada, but not the Arctic
21,135 posts, read 19,714,475 times
Reputation: 25658
Quote:
Originally Posted by cofor View Post
lol, that revenue is paid by the American consumer through higher product costs.

Taxes!
Trump lowered income taxes.

Winning!
 
Old 09-10-2018, 01:36 AM
 
435 posts, read 176,106 times
Reputation: 395
Quote:
Originally Posted by Retroit View Post
Trump lowered income taxes.

Winning!
And raised taxes through tariffs

Taxes!
 
Old 09-10-2018, 01:55 AM
 
Location: Out there somewhere...a traveling man.
44,631 posts, read 61,620,191 times
Reputation: 125810
Quote:
Originally Posted by Retroit View Post
Trump lowered income taxes.

Winning!
For the rich, wait until next April, surprise surprise surprise.
 
Old 09-10-2018, 02:02 AM
 
Location: North of Canada, but not the Arctic
21,135 posts, read 19,714,475 times
Reputation: 25658
Quote:
Originally Posted by cofor View Post
And raised taxes through tariffs

Taxes!
Not if you don’t buy imports.

Winning!
 
Old 09-10-2018, 02:09 AM
 
21,989 posts, read 15,713,056 times
Reputation: 12943
Quote:
Originally Posted by cofor View Post
lol, that revenue is paid by the American consumer through higher product costs.

Taxes!
Absolutely true.

Consumers are also paying more for housing, health care and automobile insurance, the federal government reported Friday. Additional price increases could be coming as President Trump’s new tariffs boost the prices of cheap imported products on which U.S. consumers rely. And many economists warn that growth might have peaked for this expansion.

In U.S., wage growth is being wiped out entirely by inflation
https://www.washingtonpost.com/busin...=.45fa28807530
 
Old 09-10-2018, 02:09 AM
 
Location: North of Canada, but not the Arctic
21,135 posts, read 19,714,475 times
Reputation: 25658
Quote:
Originally Posted by wit-nit View Post
For the rich, wait until next April, surprise surprise surprise.
$10,000 per year is rich?

https://www.investors.com/wp-content...gle-122617.png

https://www.investors.com/wp-content...ied-122617.png
 
Old 09-10-2018, 02:13 AM
 
435 posts, read 176,106 times
Reputation: 395
Quote:
Originally Posted by Retroit View Post
Not if you don’t buy imports.

Winning!
Suuuuuure, what US made computer are you typing on right now? I am sure you don't buy anything that contains aluminum or steel as well
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