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Trump Tariffs

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  • Independent
    Ft.myers, FL
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    Chet Ruminski Wrote: Watch for special tariffs on Nike.
    I hope they put tariffs on Trumps suits and ties made in China.
  • Independent
    Ft.myers, FL
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    The "idiot" and his cronies still want to put "tariffs" on European made cars and wants that Europe imports an equal quantity of American made cars as exported. The total stupidity is that they don't want US made cars and are not to fond of British cars either. Sorry in Europe everywhere they work in an metric system; buying an US car or an British car, then you need an separate toolbox; who wants that? Also who needs fuel guzzlers, if fuel cost EU 1.85 a ltr. Neither do they like the bulky models as well the design.

    But yeah Trump has no brains and wants them to buy US junk; forgetting that Chrysler is now an Fiat owned company. What will the US be without BMW's, Mercedes, Audi, Volkswagen, Fiat, Volvo, Lamborghini, Ferrari, etc.etc.? Even lots of these cars are being built here? The guy is an total brainless idiot and never thinks.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    As if tariffs weren't enough, the flooding down south is so bad that hogs and chickens were killed, according to MSM.

    And, those tariffs are going to affect consumers around the holidays too, as prices get jacked up because of Trump's lousy business practices.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Caterpillar in Peoria Illinois may be shuttering their operations, Caterpillar announced the layoff o 280 workers today, and may relocate this facility to our neighboring Mexico.

    wsj.com/articles/caterpillar-will-move-...

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    So, the tariffs are biting so badly that GM is forced to close some assembly plants and idle 14,000 workers.

    Kind of ironic but the major television channels keep airing a Chevy commercial, basically saying that if anyone comes to a dealership, they'll pay the same price that their employees pay. Every time I see that commercial, I think of the 14,000 people who will be out of work pretty soon when the GM plants begin closing.

    youtube.com/watch?v=1fdmEErMnBk

    youtube.com/watch?v=mGa3xiBlSvA

    Trump lies in the video link below:

    youtube.com/watch?v=ACluTBUF9DU

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Trump tweeted yesterday (Jan 3rd)

    Donald J. Trump Donald J. Trump@realDonaldTrump 23h

    "The United States Treasury has taken in MANY billions of dollars from the Tariffs we are charging China and other countries that have not treated us fairly. In the meantime we are doing well in various Trade Negotiations currently going on. At some point this had to be done."

    As reported by Business Insider: "It is true that the Treasury Department collected $US6.2 billion in tariff revenue in October, double the amount that was generated during the same month in 2017. But Trump’s celebration is misguided because US importers and American consumers are the ones effectively paying for the tariffs."

    Trump doesn't seem to understand how tariffs work. No money is collected from China or other countries assessed Trump's tariffs. The importer pays the tariffs and passes on the costs to the consumer. The American consumer ultimately pays, not the Chinese.

    Lawrence O'Donnell discussed this yesterday, but other media sources seemed it pass unchallenged.

  • Independent
    Ft.myers, FL
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    In the meantime China is not doing well, also thanks to the total incompetent negotiators like Ross and Navarro.

    Today Caterpillar "tanked" down the drain , thanks to Trumps policies; they could have sold plenty of equipment to China but the tariffs especially on steel and aluminum did cut their throat.

    I bet more disasters are waiting around the corner; Tesla will be next.

    The whole "group" which Trump surrounded himself with, is absolute totally incompetent and only "hired" on the basis of "loyalty" and if they managed to "steal" money like Ross did. Unqualified for the job, like himself.

    The US did rather good in trade with China before Trump meddled in it; sure, some elements could have been discussed in an mutual friendly way and could have had results. The huge mistake in this country to let an President alone decide about "tariffs" while this guy has no clue whatsoever about "trade" and its impact and complexity. Weird country for sure.

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Dutch -- I agree.
  • Liberal Democrat
    Democrat
    Tucson, AZ
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    When my dad was born on this day 110 years ago, the period was called "the golden age of farming", and the majority of the workers in our country earned their living as farmers. As I read the story below again this morning, the reference to cranberries caught my eye, and I realized that it is a very relevant topic for today.

    https://tohell-andback.blogspot.com/2015/12/my-dad-was-farmer.html

    As the article mentions, cranberry farmers can't sell their product for enough money to cover their cost of production, so their salvation has come from two sources (1) insurance companies and (2) exports. I took 11 Economics courses in college, and learned long ago that imposing tariffs by most governments is a very foolish thing to do. The Smoot-Hawley tariffs of the 1920's were disastrous, and caused the Great Depression to be much worse than it would have been otherwise.

    Vladimir Putin's favorite employee is upending the relationships that we have with just about everybody, and he is not smart enough to figure our that tariffs almost always have unintended, and bad, consequences, and cranberries are one example. Exports represent 31% of our current cranberry production (roughly $300 million a year) and China accounts for $45 million of that total. In 2017, 50% of our imports were to the European Union, and the countries across the pond are not happy about the steel and aluminum tariffs that Trump imposed.

    Last April, China started talking about adding a 40% tariff to the cranberries it imports from America. We had virtually no cranberry exports to China in 2010. 7 years later, that total has jumped to $50,000,000.

    Dad was a lifelong Democrat, so there is no doubt that he would be just as mad at Trump as I am, but there IS hope for the future. It doesn't take much imagination to notice that Robert Mueller's noose is getting closer to Donald's head, and Mike Pence may well be in jeopardy as well. My prediction is that once the Mueller report becomes public, Trump is going to be forced to resign in exchange for having a multitude of charges against him dropped. If Pence is also forced out, that would make Nancy Pelosi the president of the United States, and Trump has already learned a very important lesson.

    You don't mess with Italians.

    https://qz.com/1246514/the-us-china-trade-war-has-turned-cranberry-farmers-into-an-unlikely-pawn/

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    "My prediction is that once the Mueller report becomes public"

    They keep dropping hints that it might not be released. Figure that will be big fight if it is suppressed.

  • Independent
    Ft.myers, FL
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    Chet Ruminski Wrote:

    "My prediction is that once the Mueller report becomes public"

    They keep dropping hints that it might not be released. Figure that will be big fight if it is suppressed.

    Yes Chet they will also play games and all kind of tricks and rebuttals so in the end everything is "rosy" again and the shit continues. My experience in this country is that just about everything is never straight forward or to the point. Especially once lawyers get involved, then the real circus starts, due to the antique non solid laws here. Especially no real laws even exist for the real "limits of power" for Presidents and what he is allowed for him to spend. Let alone an "law"to provide his tax returns and has "black and white" proven to have the "qualifications" for the job. Yes an awful stupid country indeed.
  • Liberal Democrat
    Democrat
    Tucson, AZ
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    I think we all would agree that Trump's tariffs are very foolish. Fortunately, many of them could be reversed by a man on a tractor.

    Iowa senator Charles Grassley has been in office for 45 years. He recently became chair of the Senate Finance committee. His committee’s purview is vast, but trade policy will be at the top of the committee’s agenda. There is the revised agreement with Mexico and Canada to approve, and a developing agreement with Japan to partially undo the damage done by the president’s scrapping of the Trans-Pacific Partnership.

    If looks like s Republican from Iowa will finally restore a little financial integrity to congress.

    https://tucson.com/opinion/national/george-will-grassley-wants-congress-to-retake-responsibility-on-trade/article_69c48197-d597-5f76-a28f-676897def600.html

  • Liberal Democrat
    Democrat
    Tucson, AZ
  • Independent
    Ft.myers, FL
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    In an new "tweet" Trump says: Xi and I will negotiate the "rest". Wow. Success assured. When I worked in aircraft deals, the management never "meddled" in it. They came only down there to "sign" the deal. If there where open issues they would consult me what they were and let me finalize it. That is the way it should be done. Trump has no idea about China, let alone "trade"; for him it is alone "ego" nothing else. But yeah, he was such an good businessman, who went bankrupt several times as well his airline. So I don't understand that the Congress allows all of this; only "dictators" handle this way.

    But yeah, the rest of the world do read newspapers and already found out what an total ass this guy is, so I think in the end China will get what it wants. Trump claims that they now will buy trillions of US made goods; just keep believing that; who wants the "junk" made in "inches" and "modified" food, as well China themselves can make goods cheaper, so why buy it from here, if you also add the transport cost etc. I guess Trump lives on another planet.

  • Liberal Democrat
    Democrat
    Tucson, AZ
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    Trump must be getting tired of winning.

    According to the New York Times, out trade deficit hit a record level in 2018. It was just shy of $1 trillion. By coincidence, that is roughly the same deficit that is in the federal budget, and THAT was caused by the American Jobs and Tax Cuts Act of 2017.

    https://www.nytimes.com/2019/03/06/us/politics/us-trade-deficit.html?action=click&module=Top%20Stories&pgtype=Homepage