Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
China isn't a capitalist country. They'll bail everyone out if they have to. The US cannot win a trade war with a country that on a whim will say all the businesses belong to the state and the population will say "okay"
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.
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.
Yes, we have heard that for years but no one had another plan or the will to get results.
The circus that is the left can't entertain the audience with clowns forever. They have to bring in the high wire acts at some point.
ACA involved huge taxes. Of course it was sold as a lie first until the SCOTUS confirmed it.
Yet the left didn't see anything wrong with it. What changed their love of taxes ? Weird !!!
IMO, the biggest problem with the ACA was being forced to have it or pay a penalty tax for not having it.
That truly sucked. Some had issues with it and some didn't just like with anything else and it helped a lot of people and hurt others like my wife and myself. The right seems to like taxes just as much being that they okay with having to pay these tariffs.
What little bit of things that are made here unless your well off is going to hurt the rest of us. And the prices of what is made here is going to sky rocket. How is that helping America as a whole? Manufactures are never coming back here. Period. New ones might crop up like they always do but as a whole this is going to hurt.
American consumers will pay these new taxes, so we will feel the pain.
Its weird a president can create new taxes out of thin air.
He shouldn't be able to actually. According to the constitution and US Law, Congress is supposed to be the body that imposes tariffs. The President can only impose tariffs to counter a direct national security threat. Of course what constitutes a "national security threat" is pretty vague, but the current imposition of tariffs across the board on numerous countries (including Canada) is clearly an abuse of this power, but Congress is feckless and will not stand up to the president.
After years/decades of complaining about presidential abuse of power and presidents acting like dictators, every congressman just accepts it when their guy is in power. To borrow from Trump, "It's very sad".
He shouldn't be able to actually. According to the constitution and US Law, Congress is supposed to be the body that imposes tariffs. The President can only impose tariffs to counter a direct national security threat. Of course what constitutes a "national security threat" is pretty vague, but the current imposition of tariffs across the board on numerous countries (including Canada) is clearly an abuse of this power, but Congress is feckless and will not stand up to the president.
After years/decades of complaining about presidential abuse of power and presidents acting like dictators, every congressman just accepts it when their guy is in power. To borrow from Trump, "It's very sad".
The Chinese words of aggression were "economic attack".
If we are being attacked as China stated then that would be a national security threat.
He shouldn't be able to actually. According to the constitution and US Law, Congress is supposed to be the body that imposes tariffs.
Good luck telling that to Trump and GOP. Nixon used the same tactics to get around the Constitution, by saying US was at war with Korea, which was a war where the last shot had been fired years ago. They could care less about what the Constitution says. The irony or the ironies would be if the conservative leaning SC told them their actions are unconstitutional. But of course that will never happen with the partisan SC.
Tariffs and trade barriers are tools all countries recognize and use, not attacks.
There is a difference and understanding that difference, makes a difference.
Is Trump ready to add tariffs to Ivanka's clothes and shoes yet? No? Gee, it's almost as if he's creating special Trump carveouts. Amazing that he manages to excludes clothes and shoes in all these tariffs.
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.
Liberal media bias and the failure to inform is working overtime. Willingly without pay I hear.
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.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
