Posted on 05/09/2019 8:03:16 AM PDT by Monrose72
You mean steal the other half!
LOL
Do not give up anything to the communist Chinese. We should never have moved our industries there. Our _federal_reserve_ made all the money they earned in USA and the west, all over again when they funded China’s build out. The reserve is USA’s biggest problem.
Big difference from when the Iran nuclear deal was negotiated: Kerry and Moniz caved on everything at the end.
Good. China can see that Trump is serious and they better cooperate for their own good.
Go, Trump, MAGA!
Based on what I’ve read, prices on most imported Chinese products didn’t increase mainly because China devalued its currency. That devaluation tends to increase our trade deficit with China because it makes our exports more expensive in China. So while the tariffs have brought in a substantial amount of revenue, this policy hasn’t reduced our trade deficit with China yet. We need a deal that greatly increase US exports to China to bring down our trade deficit with China by at least 50%.
The general belief among economists and business people is that protectionism and tariffs slow down global economic growth. So there are unintended consequences to protectionism, including greater economic uncertainty and lower expected economic growth, and that drives down business investment and stock prices in the financial markets. Lower stock prices then brings down consumer demand and business confidence, which leads to slower economic growth. So while protectionism can save some manufacturing jobs, it’s doubtful that it actually leads to more total employment in the US.
But we do need to cut our trade deficit with China by at least 50%, and the Trump administration is making the first serious effort ever to make that happen. There’s got to be a way to do that while rescinding the vast majority of tariffs on both sides. That kind of deal will cause an economic boom into the 2020 election and a landslide victory for Trump, at least in the electoral college. I’d love to see him win the popular vote too, and derail this dangerous liberal attempt to effectively eliminate the electoral college and elect the President by total popular vote. We’ll see great frustration and numerous childish temper tantrums among liberals if Trump also wins the popular vote by a significant margin. I’d love to see that happen.
So while protectionism can save some manufacturing jobs, it’s doubtful that it actually leads to more total employment in the US.
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Sorry...you need to reassess. These are TARIFFS ON ONE COUNTRY. They are not designed to “protect” domestic production but to “punish” China until it’s compliant with a new trade agreement.
Well that’s the theory, but it hasn’t really worked out that way. China devalued its currency, so they haven’t lost much in exports to the US. Meanwhile, we’ve lost some exports to China and the trade deficit has stayed about the same. So we haven’t “punished” them much at all.
We need a trade deal that cuts our trade deficit with China by at least 50%, by greatly increasing US exports to China, while rescinding the vast majority of tariffs on both sides. There has to be a way to make that happen. That kind of deal will cause an economic boom into the 2020 election and Trump will win a huge landslide victory in the electoral vote. Go Trump Team! MAGA!
China devalued its currency, so they haven’t lost much in exports to the US. Meanwhile, we’ve lost some exports to China and the trade deficit has stayed about the same. So we haven’t “punished” them much at all.
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Well, good. We can keep raising tariffs on Chinese imports and they won’t consider themselves punished. They can keep devaluing their currency and see how that works out for them WITH OTHER COUNTRIES. I’m liking this more and more.
“China Brinked”
I love it!
To avoid paying the China Tax, Americans can buy products sourced else where. When that is done, the tariffs bite because to China, the sale is lost.
If Americans pay the China tax, China merchants still get the sale and the trade imbalance continues
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