Our great leader, who has put us in a Tariff War and who says we are making billions off of the Tariffs imposed on China is lying to us. It is we who are paying those billions ourselves.
Read all about it:
https://www.bloomberg.com/news/articles/2019-01-17/trump-s-tariffs-are-producing-billions-but-china-isn-t-paying?srnd=premium
Our great leader, who has put us in a Tariff War and who says we are making billions off of the Tariffs imposed on China is lying to us. It is we who are paying those billions ourselves.
Read all about it:
https://www.bloomberg.com/news/articles/2019-01-17/trump-s-tariffs-are-producing-billions-but-china-isn-t-paying?srnd=premium
Of course "consumer's ultimately pay." :roll:
Tariff's increase the price of goods being sold in the country wherein they are being imported.
They are designed to make cheap goods from "outside" less advantageous to similar goods produced in the home country.
This means consumers pay more, and might be persuaded to shop differently. Hopefully in favor of similarly priced goods made in the USA.
They are also used to balance tariff's placed on home-made goods exported to foreign nations who want their people to buy their own home-made goods. Like China's tariffs which were double those that the USA had prior to Trump.
And? :shrug:
Of course "consumer's ultimately pay." :roll:
Tariffs increase the price of goods being sold in the country wherein they are being imported.
They are designed to make cheap goods from "outside" less advantageous to similar goods produced in the home country.
This means consumers pay more for those imports, and thus might be persuaded to shop differently. Hopefully in favor of similarly priced goods made in the home country.
They are also used to balance tariffs placed on home-made goods exported to foreign nations who want their people to buy their own home-made goods. Like China's tariffs which were double those that the USA had prior to Trump.
And? :shrug:
Our great leader, who has put us in a Tariff War and who says we are making billions off of the Tariffs imposed on China is lying to us. It is we who are paying those billions ourselves.
Read all about it:
https://www.bloomberg.com/news/articles/2019-01-17/trump-s-tariffs-are-producing-billions-but-china-isn-t-paying?srnd=premium
Did you just realize that taxes are a cost of sales and must be covered by the sales price of goods/services in order for a business to remain profitable?
Of course "consumer's ultimately pay." :roll:
Tariffs increase the price of goods being sold in the country wherein they are being imported.
They are designed to make cheap goods from "outside" less advantageous to similar goods produced in the home country.
This means consumers pay more for those imports, and thus might be persuaded to shop differently. Hopefully in favor of similarly priced goods made in the home country.
They are also used to balance tariffs placed on home-made goods exported to foreign nations who want their people to buy their own home-made goods. Like China's tariffs which were double those that the USA had prior to Trump.
And? :shrug:
Of course we are paying. But, good luck convincing the stupid people on this.
All taxes are paid by the people, glad you finally figured that out, including all the ONEROUS TAXES leftists love to encumber our businesses with.
Meanwhile, see the "DON'T DARE FIGHT BACK AGAINST UNFAIR TRADE" left upset that Pres.Trump has never developed the Obamidiot's "foreign relations position" :
View attachment 67248144
and?
It means we are not getting any benefits from the Trade War, in fact our economy is hurting because of it given that even though the government is making money, our own businesses are suffering and making less money because of the increased cost of goods.
Isn't getting the economy better something that Trump ran on and promised? Well he is failing in his PROMISE.
Of course "consumer's ultimately pay." :roll:
Tariffs increase the price of goods being sold in the country wherein they are being imported.
They are designed to make cheap goods from "outside" less advantageous to similar goods produced in the home country.
This means consumers pay more for those imports, and thus might be persuaded to shop differently. Hopefully in favor of similarly priced goods made in the home country.
They are also used to balance tariffs placed on home-made goods exported to foreign nations who want their people to buy their own home-made goods. Like China's tariffs which were double those that the USA had prior to Trump.
And? :shrug:
How are OUR businesses suffering? You mean places like Wal-Mart and other RETAIL stores who have to charge more for goods made overseas?
OUR businesses suffer because of basic economics. All those cheap shoes and clothes made in China, Vietnam, Bangla Des, etc. put OUR clothing industry almost out of business.
My grandmother was a NYC garment worker. She and other member's of my family lost their jobs due to cheap goods made in overseas sweatshops.
So, while corporate profits might suffer, American workers have already suffered the loss of jobs because of those cheaper goods made in unsafe, non-regulated, sweatshop labor factories which allow more profits because costs to make them are cheaper.
Our population is growing, but jobs seem to be shrinking due in great part to this economic dynamic.
No, I did not just realize it. In fact, I (and a lot of economists) saw this coming and criticized the Trade War as something that would not achieve any lofty goals and would likely cause more pain that accomplish anything good.
This is the proof of that.
Unlike Trump :roll:
Our great leader, who has put us in a Tariff War and who says we are making billions off of the Tariffs imposed on China is lying to us. It is we who are paying those billions ourselves.
Read all about it:
https://www.bloomberg.com/news/articles/2019-01-17/trump-s-tariffs-are-producing-billions-but-china-isn-t-paying?srnd=premium
Let's see...allowed Putin/Russia to take control of 20% of our uranium reserves? Oh...wait..no...not him.
Allowed the Russian company involved,, Rosatom, to then illegally export US yellow cake uranium (as in nuclear weapons fuel) out of the country, to unknown "European" destination? Oh...wait...no..not...not him.
Derided his opponent for calling Russia a threat? Oh...wait...no..not...not him.
Refused to sell arms to Ukraine after to defend against Russia? Oh...wait...no..not...not him.
Refused to build E.European Missile Defense Shield? Oh...wait...no..not...not him.
Got caught secretly promising "more flexibility" to Putin on a hot mike? Oh...wait...no..not...not him.
Ordered our intel to stand down, and not interfere with 2016 Russian meddling? Oh...wait...no..not...not him.
Allowed Kremlin-linked Veselnitskaya into our country against the advice of his OWN security advisors ? Oh...wait...no..not...not him.
Contracted with a foreign agent to contact his Kremlin-linked buddies to makeup some bull**** to influence the election? Oh...wait...no..not...not him.
Your confusion about who has been "WORKING FOR RUSSIA" is epidemic to the REFUSE-TO-FACE-THE-FACTS Lying Left...here and elsewhere.
Our great leader, who has put us in a Tariff War and who says we are making billions off of the Tariffs imposed on China is lying to us. It is we who are paying those billions ourselves.
Read all about it:
https://www.bloomberg.com/news/articles/2019-01-17/trump-s-tariffs-are-producing-billions-but-china-isn-t-paying?
srnd=premium
And, it's still cheaper to buy from foreign countries, tariffs included, than paying American labor. At least, it sure is in the automotive industry. This was easily foreseeable - case in point, I've been telling you guys this is exactly what would happen for months now.
So, either you guys take Mexican / Indian / Chinese wages, replace your workforce with robotics, or pay significantly more for "Made in USA" goods. Or, most likely, a combination of all three. Or get rid of the tariffs, and get the same thing for what you used to pay, and at least keep people working in assembly.
The "stupid people" are the ones who think China should not be confronted.
Bloomberg should understand the law of supply and demand. They should be educating the public on the big picture and not be part of the propaganda spin.
If China passes the tariff onto the US consumer, demand will go down.
It is one thing to pay $1 for a Chinese trinket and another to pay $2 for it. The quality is not worth it at $2.
China may make windfall, but will soon they will need to lower prices and/or increase quality, to increase demand to maximize revenues.
The higher prices makes it more worthwhile for China to manufacture in the US, and for US businesses to get back into manufacturing.
The US businesses could not compete at $1, but at $2, this is another story.
There will be a few years delay as factories are built. The long term impact is more American Jobs, competition, better quality, innovation and lowering prices.
All Trump needs to do next is bring all that overseas cash, in tax shelters, back to the USA. This is $trillions. There will be plenty of money to borrow and invest, and all types of new investment opportunities in manufacturing and raw materials. It has to be done in sequence with overseas money brought back as prices spike,
Bloomberg is thinking short term, as part of their propaganda contribution to the DNC. Bloomberg wants to run for president and is willing to misinform for his own power needs.
Hmm... you don't think that added tax revenue is capable of helping to achieve any lofty goals? The idea of tariffs is to offset production cost differences between (among?) nations. If nation A has lower labor costs and regulatory compliance costs than nation B then there is little doubt that products from nation A will be less expensive than the competing products of nation B. Once all producers in nation B cease to produce a given product then nation A is free to raise their price (and profit) since there is no longer any competition. Should nation B start to make those products again then nation A temporarily drops their price until they can drive any nation B competition out of business.
Bottom line is that we as a nation are paying more for the products we consume but are not getting anything extra from other nations. It is going from our pockets to the pockets of the government and there is no extra income from other nations. This will cripple our businesses.;
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