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U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war

Instead of the rich and successful paying insane income taxes they can use that money to invest in domestic companies so consumers have more options to buy American. This will bring growth and prosperity to all Americans.
So then, you think it was bad that Trump lowered the tariffs on China? Or is whatever Trump decides at any given moment definitionally good?
 
King Trump needs something to help pay for tax cuts for members of his court. That is where the 30% import sales tax comes in!

And we all know that the tax cuts for his dukes and duchesses will result in a "trickle down" effect to the peasantry!

I've seen reports that Trump's upcoming budget will raise the Debt Ceiling several trillion dollars.

So yes, this would seem to be his way of sticking us with the bill.
 
The reason I mentioned this is becasue under the revised NAFTA the US could export dairy to Canada but it had to be antibiotic and hormone free. In the 6 years the US has never been able to reach the threshold because the US product that meets are criteria was way to expensive.
most US dairy is now antibiotic/ hormone free. Not sure about beef. I think feed is now antibiotic free, but still growth hormones.
How this works for trade is another discussion
 
😂😂😂😂

You guys are still trying to play that broken fiddle?
I'm just not super pro China.

If no production is moved from China, then you win. But at least higher taxes mean more money to fund government initiatives; the US has a very low tax rate compared to much of the rest of the developed world
 
It is still going to have a negative effect on the economy:

"Yet, some analysts offered a more tempered outlook, noting tariffs are still broadly higher compared with their levels before Trump took office. That suggests U.S. consumer goods will continue to see price increases.

“The full set of U.S. tariffs would still be considerably higher and broader than expected by markets at the start of the year,” Goldman Sachs analysts wrote in a note to clients Monday."

And it is still too erratic for level headed capitalists to consider long term investments required for increased US Manufacturing:

"The analysts also noted that, for now, the China tariffs reduction is only slated to last 90 days — something that “should keep uncertainty high for both investors and businesses.”

Dysfunctional Donald is hurting the US economy as he chases elusive 'free money' which will ultimately come from the pockets of American consumers.

The unanswered question remains: How much pain will his cult endure before they lose faith in him? He is already losing support. His economic policies are widely unpopular. He enjoys approval ratings in the mid 30 percent range on the economy.

He is writing the script for a new movie:

"How to lose a cult in 2 years."

I'm still at a loss to understand what is it he's getting out of this?
 
90 day pause. leaves tariffs on Chinese exports at 30% / US exports are 10%.. read the entire link for details
HONG KONG — The United States and China said Monday that they had agreed to a 90-day pause on most of the tariffs they have imposed on each other since last month, sending stocks soaring amid hopes of an easing trade war between the world's two largest economies.

Bessent rejected the suggestion that it might have been better to start with negotiations rather than announcing a series of tariffs that caused global financial turmoil, saying the U.S. had already tried to rebalance trade by working within the system and that “business as usual” would not have worked.

In an interview Monday morning on CNBC, Bessent said that the two countries now have "a mechanism to avoid the upward tariff pressure."
Did they though? I don't recall any announcements regarding talks with China to address trade issues. I'm curious how he came to the conclusion that "business as usual would not have worked" when what they are doing now is business as usual.
🤔
 
But you have a vastly larger "100% trade surplus" with your employer, so it's not an issue, and not a good analogy.
The point is that trade deficits are a terrible metric of an economy's performance. Poor nations often have a trade surplus with other countries because their citizens cannot afford to consume as much. Rich nations typically have a large trade deficit. Moreover, it doesn't even take into account that in terms of services, we have a huge trade surplus due to our transition to a highly developed knowledge based economy.

In the post war era, we have become the strongest economy on earth and enjoy a standard of living, individual incomes, and disposable income levels that are the envy of much of the world. This was all due to the United States pursing free trade and free markets regardless of the party in power. I am astounded I am having to explain this to someone that would call themselves a conservative.
 
I'm still at a loss to understand what is it he's getting out of this?
Out of this temporary reprieve? That it’s cheaper for China to buy American goods than it is for Americans to buy Chinese goods is a great thing for exporters and domestic farmers in particular.
 
What's your timeline for the American manufacturing renaissance?
America has peaked. They will never manufacture anything again.

I said away from China. Note the difference? Biden placed tarrifs on aluminum and steel and other products - notice how no one opened up new smelters?

It was a myth old white men told themselves.
 
Let's say we see a huge shift from China to Vietnam, India, Sri Lanka, Cambodia, Bolivia, etc.

What has changed for the US consumer?

While MAGA has us going down these type of rabbit hole debate tangents, the overarching element is MAGA never proved trade with China a bad thing.

They've adamantly asserted and asserted as if fact, but never proved a dayem thing!
 
But you have a vastly larger "100% trade surplus" with your employer, so it's not an issue, and not a good analogy.
Actually, there is no imbalance in either case.

When you buy goods from the store, you are trading. You trade dollars for products. No true imbalance.

Your employer trades dollars for your services. No true imbalance.

Buying more goods from China than they do from us is also not a true imbalance. No more than you choosing Walmart over Target or Publix.

China buys less from us because our goods and services are too expensive. We buy more goods and services from them because theirs are cheaper. Plain and simple. It's the same reason I choose Amazon over the local convenience store.
 
Because they are literally our enemy? Funding their economy so they can build a military to invade Taiwan seems silly.
Others might disagree. I'm not against cheap shit from China; it just seems like there are better options for Democracy and the planet.

Either way, we will now be buying more stuff from China, because it is cheaper than it was before today.

Oh B.S. The U.S. is only 14% of China's export market, and percentage is decreasing every day.
 
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Have you not been paying attention to Trump's justifications for the tariff increases?
Yes. They were the same as Biden's when he added tariffs. Outdated views from very old men born in the 1940s.

No one believes America will manufacture things again.
 
Oh B.S. The U.S. is 14% of China's export market, and percentage is decreasing every day.
How can it be decreasing?

We lowered tariffs; won't it increase? Doesn't everyone want the cheap products from China?

Is supporting China bad, in your opinion? What are you even arguing?
 
This is the ballyhooed 'trade deal'? A step back towards the way things were before Trump started 'fixing' it.
Trumpspeak- "Hey, we're undoing what I did a month ago! See? Progress!"
It's the type of thing someone thinks they can get away with when they assume their supporters can't tell it's a con job.
😉
 
Instead of the rich and successful paying insane income taxes they can use that money to invest in domestic companies so consumers have more options to buy American. This will bring growth and prosperity to all Americans.

This is total nonsense. Where are you getting this stuff from?
 
From tariffs on China at 145% to 30%. 😂 🤪 :eek: It is the mirror of a Seinfeld episode when Castanza negotiated the deal for LESS money for a TV pilot with NBC. What say you red hats, you stupid door stops.
 
I don't understand your logic here, but how is a 30% tax on the American people a good thing?
Taxes pay for services that benefit all Americans, and many others across the world through aid and programs run by the US.

They fund education and research and defense and medicine and food and housing for low income people and a thousand other things.

Lowering taxes, while a Republican ideals, reduces the benefits that can be offered.

But go MAGA and your stupid tax cuts.
 
No one believes it? Then there are quite a few people in here lying about it.
Well, call them out. That's the point of a debate site; they can't possibly defend their position, can they?
 
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