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Trade war with China is hurting 'Trump country'

Guno

Guno

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Red states appear to be more vulnerable to economic upheaval resulting from the prolonged trade war with China. Earlier this year, Experian ranked 2018 credit scores by state: Massachusetts, Minnesota, Vermont, New Hampshire, South Dakota came out on top with scores of 703 or more. Hillary Clinton won all those states except South Dakota in the 2016 presidential election.

At the other end of the spectrum: Nevada, Georgia, Mississippi, Texas, Louisiana ranked lowest with scores of 659 or lower. Clinton took Nevada, but the other four states were won by Donald Trump in 2016. Analysts typically say that the higher the ratio of your debt to your credit limit, the more that will adversely effect your credit score.

New car registrations, a measure of local consumer spending and confidence, have slowed or declined in so-called red states and are most exposed to China’s retaliatory tariffs, Waugh found in the study distributed by the National Bureau of Economic Research. Those states include Michigan, Wisconsin, Pennsylvania and Ohio, which have 64 electoral votes between them.


These two maps show how the trade war with China is hurting 'Trump country'
 
Waugh’s study tracked data until January, so it missed the latest tariffs. The typical U.S. household will pay $831 more a year due to rising tariffs, a May 2019 New York Federal Reserve Bank study found. The tariffs amount to a tax hike of $86 billion, and will cost about 194,000 jobs, according to an analysis by the Tax Foundation, a low-tax, free-market Washington, D.C.-based think tank.
Click to expand...

And yet, the CPI show virtually NO increase in prices.

Seems to me...besides people citing outdated nonsense...they are spouting nonsense that is not supported by real data.

So it goes...
 
Marxistleninist said:
Red states appear to be more vulnerable to economic upheaval resulting from the prolonged trade war with China. Earlier this year, Experian ranked 2018 credit scores by state: Massachusetts, Minnesota, Vermont, New Hampshire, South Dakota came out on top with scores of 703 or more. Hillary Clinton won all those states except South Dakota in the 2016 presidential election.

At the other end of the spectrum: Nevada, Georgia, Mississippi, Texas, Louisiana ranked lowest with scores of 659 or lower. Clinton took Nevada, but the other four states were won by Donald Trump in 2016. Analysts typically say that the higher the ratio of your debt to your credit limit, the more that will adversely effect your credit score.

New car registrations, a measure of local consumer spending and confidence, have slowed or declined in so-called red states and are most exposed to China’s retaliatory tariffs, Waugh found in the study distributed by the National Bureau of Economic Research. Those states include Michigan, Wisconsin, Pennsylvania and Ohio, which have 64 electoral votes between them.


These two maps show how the trade war with China is hurting 'Trump country'
Click to expand...

R voters getting tricked into voting against their own best interests?

Shocking....not.

:popcorn2:
 
The trade war with China is necessary and the US needs to take a more adversarial role towards China. We must decouple economically from China and endure the pain of doing so for the greater good. China is an evil, authoritarian monster that must no longer be engaged in such a consolatory way
 
We've been getting screwed by China for far too long. It's about time someone slapped around those communist ****ers.
 
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