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Old 05-05-2019, 04:26 PM
 
6,726 posts, read 6,609,353 times
Reputation: 2386

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Quote:
Originally Posted by WaldoKitty View Post
^Stock Market is at record highs AND unemployment is at 50 year lows.

It's speaks for itself.

Trump was right again. cNBC hates it.

/thread
We are talking about the new event.
Maximum and derivative are different concepts.
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Old 05-05-2019, 04:35 PM
 
Location: Sonoran Desert
29,352 posts, read 39,775,069 times
Reputation: 18792
Let's hope it is just more bluffing and hot air from the fool who thinks that the Chinese, Canadians, Euros etc, not US consumers, pay the tariffs.
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Old 05-05-2019, 04:41 PM
 
Location: Metro Detroit, Michigan
12,675 posts, read 14,018,962 times
Reputation: 13500
Liberals want higher taxes. Well, there ya go! Now you get to pay more every time you sell out your country by not buying American
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Old 05-05-2019, 04:42 PM
 
Location: Mexico City (at the moment)
1,345 posts, read 470,824 times
Reputation: 1963
Quote:
Originally Posted by Ponderosa View Post
Let's hope it is just more bluffing and hot air from the fool who thinks that the Chinese, Canadians, Euros etc, not US consumers, pay the tariffs.
This.

Trumps approach to the free market was one of the reasons I did not vote for him. He destabilizes it with his actions (and comments).

When he first brought up tarrifs and protectionism in 2016, and Bernie/ Warren were nodding their empty heads on that rare occasion along with him, that should have been a huge clue these were bad ideas.


And yes, American consumers pay the cost, not the Chinese.
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Old 05-05-2019, 04:47 PM
 
Location: Metro Detroit, Michigan
12,675 posts, read 14,018,962 times
Reputation: 13500
Quote:
Originally Posted by snebarekim View Post
This.

Trumps approach to the free market was one of the reasons I did not vote for him. He destabilizes it with his actions (and comments).

When he first brought up tarrifs and protectionism in 2016, and Bernie/ Warren were nodding their empty heads on that rare occasion along with him, that should have been a huge clue these were bad ideas.


And yes, American consumers pay the cost, not the Chinese.

You want free market? What is "free market" about our country subsidizing China's shipping, while America pays full price to ship to China? They ship stuff here for a dollar or two, often less, while it would cost over $10 to send stuff there. What is "free market" about China slapping 25% tariffs on US made automobiles, while our tariffs were 3%? What is free market about China subsidizing steel production so manufacturers can continue to dump cheap garbage in America? I could go on and on.

The way things were before was absolutely punishing for domestic US manufacturing. The answer democrats have for American workers and businesses was "find something else to do". And that's why democrats won't have influence in America for decades to come. Americans don't like to lose. They especially don't like to be set up to lose and fail. We aren't going to forget the damage democrats have inflicted upon America for a very long time.

By the way, Obama put massive tariffs (around 500%) on Chinese steel. It did little good because we were never buying much Chinese steel. We were buying finished goods from China, not the ingredients to make finished good. Obama displayed his economic ineptitude with that move.
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Old 05-05-2019, 04:50 PM
 
Location: Florida
63,076 posts, read 34,350,819 times
Reputation: 10474
Quote:
Originally Posted by Bettafish View Post
It'll be interesting to watch the stock market on Monday.

As pre-market trading opened Sunday evening, Dow Jones futures plunged by more than 400 points, while S&P 500 futures were also sharply in the red.

------------
President Donald Trump said Sunday that tariffs on $200 billion of Chinese goods will increase to 25% on Friday, despite repeated claims by the administration in recent weeks that trade talks with Beijing were going well.

The tariff rate on those goods was originally set at 10%. Trump had initially threatened to increase the tariffs at the start of the year, but postponed that decision after China and the U.S. agreed to sit down for trade talks.

In addition, Trump threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”

https://www.cnbc.com/2019/05/05/trum...on-friday.html
Its a heavy tax on American consumer, but nothing new with this admin.

His first salvo of taxes did not work, so his answer is more taxes.

The stock market has made no gains in 16 months and this is not going to help.
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Old 05-05-2019, 04:54 PM
 
6,726 posts, read 6,609,353 times
Reputation: 2386
Quote:
Originally Posted by andywire View Post
You want free market? What is "free market" about our country subsidizing China's shipping, while America pays full price to ship to China? They ship stuff here for a dollar or two, often less, while it would cost over $10 to send stuff there. What is "free market" about China slapping 25% tariffs on US made automobiles, while our tariffs were 3%? What is free market about China subsidizing steel production so manufacturers can continue to dump cheap garbage in America? I could go on and on.
China lowered tariffs on automobiles in 2018, and now it is 15% not 25%

Subsidizing and tariffs are different things.
The US subsidizes farmers too, and China imports/imported lots of soybeans, chicken, beef, lobsters... from the US.
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Old 05-05-2019, 04:58 PM
 
Location: Houston
22,541 posts, read 11,603,779 times
Reputation: 9095
Quote:
Originally Posted by snebarekim View Post
This.

Trumps approach to the free market was one of the reasons I did not vote for him. He destabilizes it with his actions (and comments).

When he first brought up tarrifs and protectionism in 2016, and Bernie/ Warren were nodding their empty heads on that rare occasion along with him, that should have been a huge clue these were bad ideas.


And yes, American consumers pay the cost, not the Chinese.
And American investors pay too.
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Old 05-05-2019, 05:01 PM
 
5,461 posts, read 2,017,753 times
Reputation: 6914
Quote:
Originally Posted by andywire View Post
Liberals want higher taxes. Well, there ya go! Now you get to pay more every time you sell out your country by not buying American

Trump CUT income taxes but RAISED border taxes (which is what import tariffs are). Of course this is all very regressive in favor of the wealthy class because their income is much greater than what they consume in imported goods. For the middle class it's probably a net tax increase.
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Old 05-05-2019, 05:16 PM
 
Location: NYC
1,839 posts, read 1,704,272 times
Reputation: 1280
Quote:
Originally Posted by andywire View Post
You want free market? What is "free market" about our country subsidizing China's shipping, while America pays full price to ship to China? They ship stuff here for a dollar or two, often less, while it would cost over $10 to send stuff there. What is "free market" about China slapping 25% tariffs on US made automobiles, while our tariffs were 3%? What is free market about China subsidizing steel production so manufacturers can continue to dump cheap garbage in America? I could go on and on.

The way things were before was absolutely punishing for domestic US manufacturing. The answer democrats have for American workers and businesses was "find something else to do". And that's why democrats won't have influence in America for decades to come. Americans don't like to lose. They especially don't like to be set up to lose and fail. We aren't going to forget the damage democrats have inflicted upon America for a very long time.

By the way, Obama put massive tariffs (around 500%) on Chinese steel. It did little good because we were never buying much Chinese steel. We were buying finished goods from China, not the ingredients to make finished good. Obama displayed his economic ineptitude with that move.
So the answer is to let Republicans do it? Great!
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