Looking at the tariff revenue as a percent of GDP: 30B/21,000B = .0014% of GDP.
And next: no more “developing country” status in WTO.
Trump talked about that and I hope it happens.
““Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! ”
Exactly. F EM.
The American consumer has financed the buildup of the Chinese military. No more.
The US taxpayer has subsidized inefficient socialist/communist economies for so long their citizens actually think their systems are sustainable - even superior to ours. They need a major wake up call. And I could sure use a tax break.
Wow I think this is thread number four on this subject, or is it number five? I am not sure.
The theft of intellectual property rights continues.
The big ramp up in tariffs did not really start until June 2019, and we have not yet seen the effects play out in quarterly reports.
The much smaller tariffs from Q4 of 2018 produced a noticeable slowdown in China. China is in for a big hit from this package of tariffs, on top of the huge package that hit in June.
I expect that this new package will bump up to 25% on January 1st (the pattern of quarterly increases now seems clear). Basically, that would be phasing in 25% across the board over three quarters.
This is on a strategic scale - and at shockingly sudden pace. It will reverse some of what took decades to develop, in a couple of years. The communist Chinese are screwed.
Looking at the tariff revenue as a percent of GDP: 30B/21,000B = .0014% of GDP.
Talks not going very good , China thinks Joe will win and he’ll kick start their economy ,LOL
Good. One of the most frequent complaints is, everything in Walmart is made in China, everything in the hardware store is made in China boo hoo. And sure the tariffs will be passed on to the consumer - of made in China goods. So, now there’s even more incentive to buy American or other, and there shouldn’t be any more complaining about all that cheap Chinese product that occupies store shelves.
Trump just cuckolded China
After the talks, the US said it wanted further negotiations to result in “an enforceable trade deal”.
...
China wants a deal that isn’t legally binding.
They want to cheat like they always have.
EXCELLENT!
Now we need to keep raising the tariffs in phases and apply them to the other trade cheats. (Trump has already begun to do that)
“If you don’t shoot one of them every now and then, your men will never respect you.”
Black Beard the pirate
The Chinese government spokeswoman: “I’ve read Trump’s threating tweets. Haha, how interesting.”
Good.
The next step will be 10% for ALL Chinese exports to the US.
Then 25% and on and on.
Wow, a whole $30B in a year’s time. I think this will collapse our economy. /SARCASM