Trump's tariffs will be costing Americans $1,000 per year by Sept.

Discussion in 'Economy' started by Vandalshandle, Aug 19, 2019.

  1. Vandalshandle
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    Vandalshandle Gold Member

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  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    It's a good thing that every family is saving $2500 a year on their insurance...….
     
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  3. AzogtheDefiler
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    AzogtheDefiler The Pale Orc Gold Supporting Member Supporting Member

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  4. Vandalshandle
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    Vandalshandle Gold Member

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    I know. Everything that does not agree with Trump's pathological lies is fake news.
     
  5. Supposn
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    Supposn VIP Member

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    Vandalshandle, even a broken clock can be correct 2 moments within every 24 hours. I do not disagree with President Donald Trump regarding USA' global trade, but I don't agree with him.

    Trump believes USA has made some bad deals with Mexico, China, and some other nations. He considers himself as an excellent dealer that can best fix those deals.

    Annual trade deficits are always net economically detrimental to their nations.
    I'm a proponent of the unilateral, (i.e. no deals), improved trade policy described within Wikipedia's “Import Certificates” article;
    refer to https://en.wikipedia.org/wiki/Import_certificates[/url']Import certificates - Wikipedia[/url]

    All net IC costs are passed on to USA purchasers of imported goods. The policies of some additional price advantage for USA manufacturing, agricultural, ranching, or any other industries' goods competing with foreign products anywhere in the world.


    Respectfully, Supposn
     
    Last edited: Aug 21, 2019
  6. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Annual trade deficits are always net economically detrimental to their nations.

    Wrong.

    Import certificates are a worse idea than a $15 minimum wage.
     
  7. Vandalshandle
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    Vandalshandle Gold Member

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    Trump has created another "crisis" that he can attack, thereby saving America from a fate worse than death by increasing our regressive taxes on the poor, which is exactly what tariffs do. China will do the same. Trade, which creates wealth, will slow, and disappear in some sectors. This will spread throughout the world, like it did in the 1920's. None of this is going to bring back jobs for which foreign countries pay wages of $5 per day. In the end, Trump will do like we did in Viet Nam and declare victory. Meantime, the real problem of skyrocketing American debt which is all owed to China and Japan, will quietly destroy the economy of this country. Trump, who ran on the promise to erase the deficit within 8 years, never mentions it anymore, and will not do anything about it. Agriculture foreclosures will climb. Auto sales have already started to decline. A trip to Walmart for groceries and school supplies will go up 30%. Coal is still a dead industry. Seniors on fixed income are SOL. Rental prices are already quickly becoming unaffordable. The Middle Class continues to disappear, while the rich, who make income on their capital, instead of work, will continue to get richer. Finally, the WH will continue to whine that Trump should receive the Noble Prize for economics.
     
  8. AzogtheDefiler
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    AzogtheDefiler The Pale Orc Gold Supporting Member Supporting Member

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    I would believe you except you're a biased Leftist.
     
  9. Vandalshandle
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    Vandalshandle Gold Member

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    Wow! I guess you told me!
     
  10. AzogtheDefiler
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    AzogtheDefiler The Pale Orc Gold Supporting Member Supporting Member

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    Indeed. All you do is provide whining but never solutions. So for example in your rant, how would you fix rising prices in food and school supplies?
     

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