Unless one can prove that our trading partners charge higher tariffs than we do on comparable goods, Trump cannot complain about "bad trade deals."

For decades Japanese corporations have produced better cars, motor cycles and consumer electronics than American corporations at reasonable prices. The Japanese did not need to charge high tariffs on American built cars, motor cycles, and consumer goods because Japanese products were simply better.

American corporations had a big head start in manufacturing cars, motor cycles and consumer products. Japanese corporations started from behind, caught up, and left American corporations in the rear.

Now the Chinese are doing it too. Good for them.

The only people who will benefit from Trump's tariff increases will be people in protected industries. American consumers will lose. So will farmers who will have more difficulty selling their produce to China.

In the United States agricultural counties and agricultural states voted for Trump in 2016 by fairly high margins. It will be interesting to see if this continues with the Trump induced recession in American agriculture.

 

No one in China has to worry about an upcoming election where they bet everything on the economy.

 

Farmers lose, and farmers profit. I can't help that. But what I can do is look for opportunities to buy low and sell high.
Investors don't set tariffs. Can't do a thing about them. So we look for opportunities, and because we capitalize on an
opportunity, doesn't mean were screwing the consumer, or the farmer, as you suggest. It looks like you're saying we
shouldn't invest at all. It's no wonder you're poor and stuck upside down on your head. LOL

 

@Distant Lover
Considering that the "recession" in overall agricultural performance started in 2012 and has only recently (under Trump) seen improvement, your statement;

In the United States agricultural counties and agricultural states voted for Trump in 2016 by fairly high margins. It will be interesting to see if this continues with the Trump induced recession in American agriculture.​

is labeled "Liar liar pants on fire"

 

Let's see how long that lasts when the Chinese retaliate for Trump's tariffs on the Chinese products I like to buy by raising tariffs on American farm imports.

American tariffs are not taxes on our trading partners. They are taxes on American consumers. If you think I want to pay more for high quality Chinese goods just so that some high school dropouts with MAGA hats get their factory jobs back you are mistaken. I doubt many Americans went to pay more.

 

Why would you think Trumps plan won't work?
Its been working better than anything anyone else has tried.

 

Is that your Globalist opinion speaking for you?

 

Chris Wallace gets in Larry Kudlow’s face over who pays for Trump’s tariffs: ‘The Chinese aren’t paying’

https://www.rawstory.com/2019/05/ch...-for-trumps-tariffs-the-chinese-arent-paying/

 

PUTZ.....it does affect Chins'a GDP, and not ours.

China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting workers off for the big Lunar New Year holiday two months early.

China’s economy has slowed sharply in recent months, presenting perhaps the biggest challenge to its top leader, Xi Jinping, in his six years of rule. At home, he faces difficult choices that could rekindle growth but add to the country’s long-term problems, like its heavy debt. On the world stage, he has been forced to make concessions to the United States as President Trump’s trade negotiations intensifies.

How badly this hurts him could depend on the extent to which Chinese workers like Yu Hong find their jobs disappearing. On a recent afternoon, Mr. Yu, 46, was boarding a train home, to Hubei Province in central China, for a nearly three-month unpaid holiday. The lamp factory in Dongguan where he works had drastically reduced pay and cut hours.

 

Trump’s ‘ugly’ trade war with China is devastating the lives of Iowa farmers: ‘It could break a lot of people’

https://www.rawstory.com/2019/05/tr...-iowa-farmers-it-could-break-a-lot-of-people/

 

A short lived government induced financial panic.

The Agriculture department will take take of the farmers as they have done for decades, as it is a global economy.

Any more dumb shit you want to create as a Trump borne dilemma?

 

The Democrat's don't care about Iowa farmers.

The Democrats care about illegal immigrants and Muslims...

 

Democrats rejected a GOP effort that would have added about $2.9 billion to deal with the costs of caring for unaccompanied children arriving at the U.S.-Mexico border.

If the farmers dont live in a sanctuary State or a coastal State, they dont care about them

 

Larry Kudlow Admits U.S. Will Pay Tariffs On Chinese Goods, Contradicting Trump

White House chief economic adviser Larry Kudlow undercut President Donald Trump’s claim that China will pay for tariffs imposed by the administration on goods entering the U.S., admitting that Americans will end up footing the bill.

In an interview with Fox News’ Chris Wallace, Kudlow, who serves as the head of the National Economic Council, was pressed on the validity of the president’s assertion.

“It’s not China that pays tariffs,” Wallace said. “It’s the American importers, the American companies that pay what in effect is a tax increase and oftentimes passes it on to U.S. consumers.”

“Fair enough,” Kudlow conceded. “In fact, both sides will pay.”

Doubling down on his fact check, Wallace again stressed that a tariff on goods entering the country wouldn’t be paid by the Chinese.

“No, but the Chinese will suffer GDP losses and so forth with respect to a diminishing export market,” Kudlow acknowledged. He added that “to some extent,” American businesses and consumers would end up paying.

“Again, both sides will suffer on this.”

Kudlow’s remarks essentially threw cold water on Trump’s Twitter message last week in which he contended that “Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products.”

Though journalists have repeatedly corrected the president’s erroneous claims, explaining that tariffs don’t work that way, he has continued to perpetuate the myth in statement after statement.

In reality, as Wallace noted, importers bear the brunt of tariffs, meaning American businesses relying on Chinese products will end up paying for fees the Trump administration imposes on those items. The added expenses typically hit everyday consumers.

In March, a study compiled by economists from the Federal Reserve Bank of New York, Columbia University and Princeton University illustrated that point, finding that losses are “being born by the consumers of imports.”

The Trump administration raised duties on $200 billion worth of Chinese imports from 10% to 25% last week as part of its escalating trade war with the manufacturing powerhouse.

• This article ori

 

US manufacturer accuses Trump of keeping him from doubling his workforce in brutally blunt op-ed

https://www.rawstory.com/2019/05/us...ubling-his-workforce-in-brutally-blunt-op-ed/

 

Bottom line, we will pay more for many of our products. Nobody wins, some just lose more.

 

Tariffs are an effective negotiating tool that must be used for short term negotiating, for long term success.

In the past China has targeted its tariffs on U.S. agricultural exports in the hope that Republican voters in Midwest farm states will pressure the government into changing course.

China is also suffering as a result of the tariffs. Chinese exports to the U.S. fell 13% from a year earlier in April, according to the Associated Press, and were down nearly 10% since the start of the year. Total exports have also fallen 2.3%, which is a substantial number for a country that depends on exports.

As it does seem that China relies more on the U.S., more-so that the U.S. relying on China.

 

I bet tRump failed to increase tariffs on the shit he and his family sells.

 

Of course he didn't.

donnie's crazy.......but he's not insane.