Trump will raise tariff rates on Chinese goods in response to trade war retaliation

There is a difference between "pointless" and "unimportant".

The trade war is damaging the economy for no good reason aka it is pointless.

 

My Chinese informants who include successful Chinese entrepreneurs say that the tariffs are having a large effect which, combined with Xi's Belt and Road initiative, is causing much discontent with Xi among the ruling class.

Xi is also vulnerable.

 

It will be a drag on the economy and will raise prices for consumers

And disrupt the supply chain for retailers

It has already affected the stock market and depressed business investment

If the economy crashes trump will have a hard time getting reelected

All in all I see lots of problems ahead

 

There is a very good reason

We are protecting our place in the world

Politically, militarily and economically

 

What the masses don't seem to comprehend is that we have never had 'free trade' with China. Free trade per China's definition is that they get to sell their crap without tariffs yet we don't get to sell our crap to them without tariffs. It has been a lopsided affair for decades, and it is the number one reason China has come from a 3rd world shithole into the 2nd largest economy in the world.

Liberals yammer about infrastructure projects here.....hell....we built China from the ground up yet you people can't see **** from shinola.

Furthermore, while we have an outdated Fed that sometimes doesn't have a clue, China easily manipulates their currency. If Trump ups tariffs by 20% and China devalues their currency in response...like they have...the cost to American consumers doesn't change not one penny. China, is in fact, paying for the tariffs when they offset with currency manipulation.

 

so he is not gonna wait till December now? I thought he said that would hurt American Consumers?

 

hey, you're starting to sound like I liberal... if anything, Trump is turning republicans to support Tariffs, he may fail, but if republican continue to support them, that is still a win in my book

 

You really believe all the government propaganda, don't you. Chinese currency has fluctuated less than 1%, so how do you figure it offsets massive taxes on American consumers? It doesn't even come close. We pay the tariffs, not China.

Chinese Yuan Oct 2018 = 7
Chinese Yuan Today = 7.1

 

would it be good in the long run if Americans had to buy American again, sure, I think so, but it won't be a pain free transition as costs will go up, can Trump survive that.. only time will tell

the economy will take a short term hit that could last a decade, we should of done this before we were 20 trillion in debt

I just hope if we go to American made we go to quality made and not china made in America - be nice to buy appliances that last so long you can pass them off to the next generation again

 

You mean when trump criticized germany for buying oil from russia?

I think it was fair criticism

Assuming that germany does not want to be part of an evil axis with russia, iran, syria and china

But if you do want to be in the opposite corner from the US you are going about it in the right way

 

I think it began to change when the WWII generation gave way to the baby boomers

 

Agreed

And before china had taken so much manufacturing from us

But trump was not president till 2017

 

republicans pushed for cheap imports and h1b visa's for cheap labor - they are pro corp

it was ok at first, but in the long run it hurt us

when it was happening I compared it to both men and women working, at first it's a boon, then it becomes the norm and no one can have just one bread earner and live a well off life

 

agree, Under Clinton and Bush we should of done this

we put our hand in Pandora's box and now can't get it out without a lot of pain

two ten+ year wars and mega tax cuts for the rich during that same time period has weakened us

corporations send money overseas for foreign labor and consumers send most of their money overseas for goods.... not a good combo for long term security

the worst part is, we continue to go 1 trillion more in debt per year, we need to change everything back to what it was pre-Bush - of course even then we still have the new interest, so maybe back to what it was under Reagan

 

GM is practically a captive chinese company now

If they had to choose between America and china it would be a tough decision for them

 

All of the international corporations that the GOP has been shilling for over the past century don’t give a rat’s ass about the US. They only care about the bottom line. That’s why they always support whichever party that is likely to choose SCOTUS nominees who will rule in their favor and against American workers and Unions every time.

 

That is not a character trait of a genuis but of a dishonest greedy fyck.

 

There is no such animal as liberal globalist there are global capitalist.

 

Another reason we should stop letting Trump circumvent the Constitution for his illegal tariffs. But his followers think the Constitution is old hat anyway.

 

Lol, days before globalism? Capitalism has been inherently globalist for over 2 centuries.

 

Take your lies elsewhere.

When Trump put tariffs on China last June (2018 ), the Yuan was 6.4 to 1 dollar. Now it is 7.1 to 1 dollar. An 11 percent devaluation. And soon it will be 8 to 1 dollar. Just watch.

So a 10% tariff has cost American consumers absolutely ZILCH.

 

Nah. Their first priority was always to maximize profits. Nothing has changed in that regard.

 

Lies? Sorry, but the numbers I gave you are legit. It was 7 on October 2018 and today it is 7.1. You are being played by the government propaganda, and you are gullible to believe that minor fluctuation would somehow offset massive taxes Trump is imposing on the American consumer.

You should know better than to trust the word of someone who has officially uttered 11 000 lies in a short period of time.

 

Of course there is a large effect. It ain't rocket science to notice if you hit somebody with a hammer its gonna leave a mark. OTOH, Xi is president for life, is throwing dissidents in concentration camps and generally has an iron grip on the levers of State power. He isn't as vulnerable as trump by a long shot and he knows it.

 

Trump is literally living rent-free in your head.

A 10% devaluation in currency is a 100% offset to a 10% tariff.

I can't hold your hand if you can't grasp this.

And I'm the one m'fr that doesn't believe what the government says half the time and 100% of the time from the fake news media.