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Except Trump is allowing other countries to fill the void, countries like Brazil, which is doubly bad, as they raze the rainforest to ramp up livestock and agricultural production, and those markets for U.S. farmers in China dry up for good.
China plays the long game, and their memory is far better than ours. Relying on someone like Trump to win a trade war is a hugely reckless gamble that won't end well (for us)
BRICS is for a reason. We have little influence there, so far. A large US based agri export business with China would help with countering.
We haven't "collected" or "received" anything. We've paid. Americans pay the tariffs. Your understanding matches Trump's, I'll grant you that.
Such deliberate ignorance, a useful reminder why I took a break from this board.
Inflation rates by year:
2016: 2.1
2017: 2.1
2018: 1.9
2019: 1.7
Looks like the consumer is paying LESS for their goods, not more. Maybe listen to Chuck Schumer on this issue, democrats used to support a tough trade stance with China, until Trump supported it.
Looks like the consumer is paying LESS for their goods, not more. Maybe listen to Chuck Schumer on this issue, democrats used to support a tough trade stance with China, until Trump supported it.
You imagine your figure of "over 100 billion" would show up in the inflation rate? This is a $21 trillion economy, buoyed by a record deficit.
Who in your imagination, pays the tariffs? Americans or some other entity?
You imagine your figure of "over 100 billion" would show up in the inflation rate? This is a $21 trillion economy, buoyed by a record deficit.
Who in your imagination, pays the tariffs? Americans or some other entity?
Actually China has absorbed some of the tariffs effects. They are able to subsidize affected businesses (especially state run/owned enterprises) with various central command means, so that they can subsist with lower profits, even possibly at a loss. e.g. like they did with solar. Also currency weakening.
You imagine your figure of "over 100 billion" would show up in the inflation rate? This is a $21 trillion economy, buoyed by a record deficit.
Who in your imagination, pays the tariffs? Americans or some other entity?
China and American companies that manufacture in China bear the cost. China is terrified of supply chains moving out of their country, this is what has propelled their growth and middle class. That could all go away if tariffs continue to rise to a point where it isn’t economically feasible to manufacture goods there. Our companies are mostly absorbing the cost of the tariffs, resulting in lower profits, if profits continue to decline due to higher tariffs they will be forced to leave China, if they raise prices drastically on the consumer they will be undercut by competitors who manufacture outside of China. The consumer is doing fine, as seen by the decreasing inflation rate and rising wages, we are luckily not tied to China.
Don’t forget, China ultimately wants to make goods for their own companies (through IP theft), their companies would therefore being paying the tariffs to export their goods to the US. Our companies are free to leave China and avoid the tariff duties altogether, China is stuck with them.
You don't seem to know the definition of socialism. What is your definition of socialism?
Subsidies and welfare are not socialism.
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