U.S.A. Tariff Revenue from China up 59% from 2018

[madison999]

Originally Posted by TonyNC

Newsflash for ya Madison:

China ain't the only country w slave labor, human rights violations....

Wherever US MFGers move mfg to - India, Mexico, etc. - will have same issues

BTW, why doesn't Trump simply tell China: "eleiminate slave labor, human rights violations etc. or we won't buy or sell to you"

The reason he ain't doing this is that this ain't the issue. Trump wants "fair trade"...aka equal or no tariffs. Slave labor etc. ain't even the issue

Do you have anything to say that I don't already know? Not a newsflash it's common knowledge.

As if Trump or anyone is going to tell China how to abuse it's people.

[craigiri]

Ah, so....

1. Businesses and consumers are paying more
2. Despite this great income, Trump somehow magically doubled the yearly deficit.

One of the most ignorant talking point I constantly hear on the Radio is..some "conservative" will call in and say "A lot of people don't know this but the Trump Tax cuts were meant to raise revenues and they did!".......

It makes me feel like ripping the dang radio out of the dash! There is only one single number that means anything in regards to the Trump King of Debt Stuff - that is our yearly deficit, which has ballooned. Whether or not a few dollars more are collected isn't relevant in any way. The ONLY question is whether it made us closer to a balanced budget or further. The answer is MUCH FURTHER.

It makes me shake my head and wonder how these people deal with math in their everyday life.

And so, the BIG NUMBERS. What is the Trade Deficit with China in 2018 and 2019 going to be compared to what it was a few years375 back?

2017 = 375 Billion
2018 = 419 Billion
2019 = 480+ Billion (estimated)

It appears that under Trump we have a 100+ BILLION dollar increase yearly so far. Tariffs don't offset that because those costs are paid by business and consumers and can easily be adjusted by China with their currency.

The ONLY point of high tariffs are to make consumers and businesses buy less stuff from said countries. But we are buying MORE...AND it is costing us more.

Opposite world....just like most everything else Trump does

[zzzSnorlax]

Revenue from tarrif taxes comes from US consumers and businesses not foreign nations.

[trobesmom]

Our reality show president strikes again. We have a deal with China! No, we don't! D'oh!
https://www.bloomberg.com/news/artic...a?srnd=premium