Trump Trade Polico

We are going to need that tax relief to pay for the increase in prices brought about these tariffs. Fifty billion in tariffs on Chinese goods.

Rexedgar said:

We are going to need that tax relief to pay for the increase in prices brought about these tariffs. Fifty billion in tariffs on Chinese goods.

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Good thing you got tax relief then, right?

https://www.forbes.com/sites/ralphj...trumps-us-steel-tariffs-for-now/#2effba8d5a94

It's not the big deal you think it is. But then Trump haters don't really care, it's more about bashing Trump.

Rexedgar said:

We are going to need that tax relief to pay for the increase in prices brought about these tariffs. Fifty billion in tariffs on Chinese goods.

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Other - links and an article from The Economist that was published in 2008 - history repeating itself now from the 1930's - the Smoot-Hawley Tariff Act and the Great Depression.

Tariffs are not all bad, but bad tariffs are never good. What Trump is doing? Is the latter, not the former.

Mycroft said:

Good thing you got tax relief then, right?

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The people who lose their jobs will also pay less taxes.

Ask them

Rexedgar said:

We are going to need that tax relief to pay for the increase in prices brought about these tariffs. Fifty billion in tariffs on Chinese goods.

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China has upwards of 9000 Tariffs on US products. We have like 20. Plus, intellectual property is the USA’s Crown Jewels, and China has gone to great illegal lengths to steal them. The president is going to begin ending that.

“The era of economic surrender in over”. Mercantilism has no place in free trade.

Too many of you don’t have enough information to make the TDS oriented claims you feel obligated to make.

sangha said:

The people who lose their jobs will also pay less taxes.

Ask them

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Great, so they get another tax break when they lose their job. What's the problem? Trump just keeps giving and giving and somehow people find ways to complain about it. Sheesh!

This is why Trump is taking action against China...among other reasons:



And this is why those swamp dwellers...the Congressional Elites and their lobbyists (some of whom are their own family members)...are fighting Trump on this.

chuckiechan said:

China has upwards of 9000 Tariffs on US products. We have like 20. Plus, intellectual property is the USA’s Crown Jewels, and China has gone to great illegal lengths to steal them. The president is going to begin ending that.

“The era of economic surrender in over”. Mercantilism has no place in free trade.

Too many of you don’t have enough information to make the TDS oriented claims you feel obligated to make.

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What are the sources for your numbers?

chuckiechan said:

China has upwards of 9000 Tariffs on US products. We have like 20. Plus, intellectual property is the USA’s Crown Jewels, and China has gone to great illegal lengths to steal them. The president is going to begin ending that.

“The era of economic surrender in over”. Mercantilism has no place in free trade.

Too many of you don’t have enough information to make the TDS oriented claims you feel obligated to make.

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In the meantime, Trump cancelled TPP, which eliminated tariffs on all U.S. manufactured goods and almost all U.S. farm products.

President Trump knows what's best for us. Matter of fact I don't see a problem and agreeing with American...
" it's more about bashing Trump. "

PTF said:

President Trump knows what's best for us. Matter of fact I don't see a problem and agreeing with American...
" it's more about bashing Trump. "

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You're joking, right? :roll:

Moot said:

You're joking, right? :roll:

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No...matter of fact I'm sure you watched our President's news conference this afternoon about reluctantly signing the bill keeping the government open. Seems the liberal/Demos always try getting their way. I thought our President would veto such a mess but vowed he would next time by not signing. At least will see the wall coming and our military strengthen.

PTF said:

No...matter of fact I'm sure you watched our President's news conference this afternoon about reluctantly signing the bill keeping the government open. Seems the liberal/Demos always try getting their way. I thought our President would veto such a mess but vowed he would next time by not signing. At least will see the wall coming and our military strengthen.

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Trump was never not going to sign the bill....it has 1.6 billion earmarked just for him.

Hate to pop yer bubble but Conservatives are not the party of small government and frugal spending and haven't been since Reagan.

Actually I for one don't know what the Republican party stands for any longer. We needed corporate tax relief...without question. But we did not need to take the nominal tax rate down to 21% as it brings the effective tax rate for corporations down to around 6-7% without getting anything for it. We still drive on crummy roads and have a gutted education system. Only 3% of the corporate tax break that were supposed to "trickle down" are trickling down. The rest is going to stock buy backs and exec bonuses. In fact since 30% of US stock is owned by Europeans, THEY are getting more from the corporate tax break than middle class Americans are getting. That should work in November....Europeans profiting more from these tax breaks than middle class Americans should be a real vote getter. We have done nothing but pour gasoline on an already growing economy and as such are overcooking it. The GOP said we were targeting better than 4% GDP growth before they got their bill signed and literally as soon as passage was assured adjusted that back to 3% which I would contend will still be hard to make for a full year. So while 0.4% increase in GDP growth is nothing to sneeze at, we spent far too much to get it.

But what makes no sense is combining a traditional Republican tax approach to protectionist tariffs. That is no economic policy at all. That is simply chaos.

Trade deficits are a red herring. Trade deficits are not an issue of any sort. Trade practices that are criminal infringements on IP and the like ARE a problem. But you don't solve those with tariffs. Frankly I am surprised our trade deficit is not higher. We are 5% of the world population absorbing 25% of the world's resources while no longer manufacturing that much of the product we buy that absorbs those resources. That difference has been growing since the 70's at least. We are the most consumptive society in the history of the world. What did we think would happen?????

We needed to stay in TPP because the only way to deal realistically with IP and other trade related infringements is a group effort to protect the value of that IP through a fee and penalty structure. That is what you can realistically do and it is proven effective when employed. You might be able to make separate deals with individual countries to come up with IP protections via fees and penalties but that will be far more difficult than getting a group of trading partners to agree that infringements are not productive and here is the fee and penalty structure we are going to employ if you steal it.

As a consequence of this insane, chaotic and haphazard economic policy, Inflation is already rearing its ugly head and for those that do not remember, Inflation is far more difficult to shake out of the economy than stagnation and we didn't have stagnation!

Rexedgar said:

We are going to need that tax relief to pay for the increase in prices brought about these tariffs. Fifty billion in tariffs on Chinese goods.

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Yep, China is slapping tarrifs on American Pork exports, among other things.
Its a bit strange considering China owns America's #1 Pork producer, Smithfield foods.
Yep, bought it out in 2013, so they're taxing themselves ? Brilliant

The US holds the high ground in any trade war with China.



All the US wants is fairness.

Fenton said:

Yep, China is slapping tarrifs on American Pork exports, among other things.
Its a bit strange considering China owns America's #1 Pork producer, Smithfield foods.
Yep, bought it out in 2013, so they're taxing themselves ? Brilliant

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I thinking you mean China will tax imports. If China owns Smithfield, how can they be #1 US producer?

Rexedgar said:

I thinking you mean China will tax imports. If China owns Smithfield, how can they be #1 US producer?

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It's still an American company, regardless of who owns shares.

The bigger point is that Trump's trade policy was not thought out and does more harm than good.

New Chinese tariffs are a huge blow to U.S. farmers. China is overwhelmingly world's largest importer of soybeans. pic.twitter.com/geHd2olW7r
— Joshua Green (@JoshuaGreen) April 4, 2018

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MTAtech said:

It's still an American company, regardless of who owns shares.

The bigger point is that Trump's trade policy was not thought out and does more harm than good.

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Agreed, as with so many proclamations coming from this outfit!