Posted on 08/08/2021 4:14:01 PM PDT by SeekAndFind
The U.S. has lost the trade war with China, according to the whole of corporate America. I write at Asia Times:
NEW YORK – Never before in US political history has the whole of the American business community—more than thirty major business organizations—spoke with one voice as it did in an August 5 appeal to the Biden administration to eliminate tariffs on imports from China.
No entities in American politics are timider than business lobbies, most of whose work involves quiet lobbying for administrative relief and legislative tweaks. Such a high-profile intervention suggests that the business organizations believe that a deal is already underway.
A deal is likely because inflation could poison the Democratic Party’s chances at 2022 mid-term elections and return control of the US Congress to the Republicans. Cutting tariffs is the quickest way to reduce inflation. Beyond the arithmetic of electoral politics, a consensus is emerging that the technology sanctions that Trump imposed on China have failed and may even have backfired.
More than 30 business groups including the Chamber of Commerce, the Business Roundtable, the Semiconductor Industry Association, as well as retailer, farm and manufacturing representatives asked Biden to cut tariffs and restart trade talks with China.
The letter stated: “A worker-centered trade agenda should account for the costs that US and Chinese tariffs impose on Americans here and at home and remove tariffs that harm U.S. interests.”
Shout “Traitors!” all you like: The sad fact is that the Trump tariffs did nothing to stem the flood-tide of Chinese imports to the United States. We now import $550 billion a year of Chinese goods, and the volume jumped above trend during 2021.
(Excerpt) Read more at pjmedia.com ...
If Big Business and Big Government are against Tariffs then it must be a good idea.
This is pathetic. And it was our side that caused this. :(
I didn’t read the whole thing, but this sounds GREAT.
To hear these guys tell it, tariffs don’t work and never will.
Which is unmitigated BS.
Kind of a giant duhh factor to this. Just because they label themselves American doesn’t mean they’re pro-America.
30 Business organizations seem proud to say they don’t want to produce anything but will broker goods to the American people for obscene profit.
I don’t get this. Before Biteme, Trump’s policies of America first was bringing business/companies/investments and jobs back to the US. There is no disputing that success. He also renegotiated the one-sided NAFTA trade deal, which DID turn out to be a big sucking sound of jobs leaving, as Perot predicted.
Throw in the towel? These guys opposed it from the very beginning.
Every time an executive can fire an American making $70K per year and hire a Chinese worker at a tenth the wage, they get to pocket the difference in their annual bonus.
The issue is not tariffs, it is about Slave Labor in Communist China.
That is what Big Business and Big Government WANTS! Graft, payoffs, Corruption and allowing China to buy the world with slave labor.
Is no one awake? Somebody turn on the lights, where we at least appear to be at home.
These are the middle men. The ones that will be cut out. Fools.
Exactly! It is a labor issue.
We're awake and we know what's happening, it's just that too many don't care.
We can only hope and pray that God is willing to give this country another chance.
I pray for that every day. Normally 2 times a day.
I’m thinking about adding Texas to that prayer. We need his help more than ever.
And God DID Bless Texas.
Slavery is hideous crime.
But it is profitable.
That is what the ChiComs exist for. Conquering the world and destroying their perceived enemies by human cruelty.
Is there a Good Communist? Even one?
To answer your question, yes, all the dead ones.
“The Capitalists will sell us the rope we shall hang them with.”
Is the death rate up in the USA?
No.
Why did we not have common flu the last 2 years.
Do you believe all the BS stats that came up in the media.
Do you think that Fauci ever came over as competent or honest.
How many times was he totally wrong about this from the beginning.
Why did the freaks try to outlaw any treatment that showed promise? BECAUSE they needed it to be an emergency in order to cripple the free world.
This is not news. US big business is addicted to Chinese slave labor. They never did want tariffs nor do they care about America or the average people in it.
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