Why is Donald Trump the only President who mentioned anything about unfair tariffs and trade by foreign countries? (economic, flag)
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Trump eyes even higher tariffs as trade war with China escalates
Quote:
President Donald Trump threatened to impose tariffs on every single Chinese import into America as the world’s two largest economies exchanged the first blows in a trade war that isn’t set to end anytime soon.
After months of rhetoric, a 25 percent levy on $34 billion of Chinese goods entering the U.S. took effect just after midnight Washington time Friday with farming plows and airplane parts among the products targeted. China hit back immediately via duties on U.S. shipments including soybeans and automobiles.
Neither side shows any signs of backing down. Trump is already eyeing another $16 billion of Chinese goods and suggesting the final total could top $500 billion, more than the U.S. bought in 2017. China’s Commerce Ministry accused the U.S. of “bullying” and igniting “the largest trade war in economic history.
As someone who grew up in the Midwest, much of it's downfall from a manufacturing perspective was self-inflicted.
It does not make sense for a once thriving American industrial region to become a dying rust belt within a few decades. Then you learn about massive trade barriers to U.S. automobiles in Europe and Asia. What kind of self-inflicted wound is that?
It sounds to me like there’s a story here that we have not been told. A pretty fishy one.
IDK because it pretty obvious that it won't affect prices. China will just eat the tariffs and subsidize their exporters more. It's basically free money for the treasury.
In 2017, the US imported $602 billion in generic drugs, televisions, clothing, and other household items. It only exported $198 billion of consumer goods. By purchasing goods overseas for a long enough, U.S. companies lose the expertise and even the factories to make those products. Just try finding a pair of shoes made in the America. As the US loses competitiveness, it outsources more jobs, and its standard of living declines. Big business gets richer as you're willing to be paid less to have a job. It hurts Americans who need jobs but globalist don't want you to know that.
You may not want to believe it because of what the left tells you but Trump is standing up for and fighting for a better quality of life for Americans.
And we think, these companies are going to reopen factory doors that have been closed for decades and start producing products in the u.s.? Where are they going to get the materials? Import from where?
We use to be the number one producer of cotton. Advertisement of the 60's, 'buy froot of the loom' american made ... 'cotton', under garments. Not any more ...
China is now the number one producer of cotton; u.s. imports from them. That is just one example of the many changes we've undergone. Automotive being another industry that parts are manufactured overseas, shipped in to u.s to be assembled for the automobile ... made in American.
Many of these companies have companies over seas ... my guess, they close u.s. factories and move their home offices to sub locations else where ... hide and watch.
I don't see them paying $22.50 an hour for a person to make under garments or the other countries to pay high tariffs on their exports to the u.s. so as to put Made in America back on the label.
P.S. Pride goes before the fall.
btw: the u.s. gov pays those who have farmland, not to farm. put that in your pipe and smoke on it a while.
Last edited by Ellis Bell; 07-06-2018 at 01:48 PM..
Reason: btw; ps
You should refrain from talking about math until you understand what math is.
You have been Breitbarted
Where do you get these Shelleyan images and incredible powers of lampoon and parity that could scorch the flanks of old man winter? Its as if your words continue to glow at the arrival of the mists and twilight while all others watch the posterity of their tongue fall bound and gagged into the depths ....
Please continue to delight us all and let us peer though you, a celestial window to eternal beauty.
Taxing the crap out of people will increase tax revenue for a while, until people have to cut back on spending. How leftist of you.
Taking it out of context and making a Strawlossus of Odious?
I clearly said the tariff revenues could be used to offset other taxes in a most revenue neutral matter ...but then your pitiful argument, standing against the actual charge, would frighten a trauma surgeon in its gory dismemberment.
IDK because it pretty obvious that it won't affect prices. China will just eat the tariffs and subsidize their exporters more. It's basically free money for the treasury.
That depends on the product. This is a complete list of U.S. exported products subject to the new Chinese tariffs:
Asian trade ministers took another step toward creating what could be the world’s biggest trading bloc on Sunday, expressing hope that a deal could be signed by the end of this year.
Ministers from the 16-nation Regional Comprehensive Economic Partnership, which includes China, Japan and India but not the U.S., met in Tokyo on Sunday to try and thrash out remaining differences.
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Any further progress on RCEP could put pressure on the U.S. to consider rejoining the TPP, as the U.S.-China trade war continues.
China is moving into the vacuum left after Trump's rejection of the 12-nation Trans-Pacific Partnership forged by President Obama to ensure lasting U.S. influence in the Far East.
"As protectionism concerns increase globally, it's important that the Asian region flies the flag of free trade," Japanese trade minister Hiroshige Seko said at a news conference, playing up potential for a year-end agreement.
Instead of major U.S. trading partners uniting against China, the U.S. is drawing fire from all sides for Trump tariffs. China is widely seen as the prime culprit in global steel overcapacity that spurred Trump's 25% steel tariff. Yet China has been a minor steel exporter to the U.S., so Trump picked a fight with Japan, the EU, Mexico and Canada.
While Japan remains wary of China, Trump's metal tariffs and abandonment of the TPP have Tokyo focused on tighter links with Beijing.
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