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?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.
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!
most US dairy is now antibiotic/ hormone free. Not sure about beef. I think feed is now antibiotic free, but still growth hormones.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.
*crickets*If this were the way things worked, China would have been happy for us to stay at 125% and would have never passed reciprocal tariffs.
I'm just not super pro China.
You guys are still trying to play that broken fiddle?
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."
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.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.U.S. and China agree to slash tariffs for 90 days as trade talks continue
The world’s two biggest economies agreed to a temporary rollback of most of their recent levies after negotiating in Switzerland over the weekend.www.nbcnews.com
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."
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.But you have a vastly larger "100% trade surplus" with your employer, so it's not an issue, and not a good analogy.
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.I'm still at a loss to understand what is it he's getting out of this?
America has peaked. They will never manufacture anything again.What's your timeline for the American manufacturing renaissance?
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?
Actually, there is no imbalance in either case.But you have a vastly larger "100% trade surplus" with your employer, so it's not an issue, and not a good analogy.
Have you not been paying attention to the Trump administration's justifications for the tariff increases?America has peaked. They will never manufacture anything again.
I said away from China. Note the difference?
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.
Yes. They were the same as Biden's when he added tariffs. Outdated views from very old men born in the 1940s.Have you not been paying attention to Trump's justifications for the tariff increases?
Gonna take a lot than two to fix what one broke.Takes 2 to tango.
If this were the way things worked, China would have been happy for us to stay at 125% and would have never passed reciprocal tariffs.
How can it be decreasing?Oh B.S. The U.S. is 14% of China's export market, and percentage is decreasing every day.
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.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!"
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.
No one believes it? Then there are quite a few people in here lying about it.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.
Taxes pay for services that benefit all Americans, and many others across the world through aid and programs run by the US.I don't understand your logic here, but how is a 30% tax on the American people a good thing?
Well, call them out. That's the point of a debate site; they can't possibly defend their position, can they?No one believes it? Then there are quite a few people in here lying about it.
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