We need to hit China hard on trade. They are allowed to dump products into the U.S. market place but they have such high tariffs on American made products, their market is close to U.S. companies. Bring jobs back to the USA.
Opinion | Why Trump Is Raising Tariffs on China
LOL...and making middle-low income Americans pay even more taxes on the low cost products they depend on to make ends meet is just the way?...
Except that despite tariffs, we are enjoying strong low inflation growth. That is, despite a strong increase in tariff and duty revenue to the Federal Treasury, we aren't experiencing unusual inflation, in fact, we remain well below the Fed's 2% target. If tariffs are inflationary, where is the inflation?
...causing their products - that depend on cheaper Chinese components - to go up in price, lose competitiveness and thus result in US layoffs...
Except that we aren't suffering from either inflation or high unemployment.
And the fact that the Chinese trade surplus was down 80% in the 5 years before Trump took office is a bad thing to you?
Please explain. Our trade balance with China in 2011 was
-$295,249.7M
5 years later it was -$346,996.5M
That's not a decrease of 80%, that's an increase of over 17%.
Foreign Trade - U.S. Trade with China
Tariffs imposed by the Trump administration on imported washing machines raised prices on imported washing machines, which was expected — but it also raised prices on domestically produced washing machines, as manufacturers including Whirlpool and GE Appliances matched the price increases of their foreign competitors.
Most surprisingly, the tariffs on foreign washing machines also appear to have prompted foreign and domestic manufacturers to increase prices for dryers, according to a new study.
Study: Washing machine import tariffs cost consumers $1.5B per year on washers (and dryers) - Insider Louisville
Well, then this is the time to do it, because on balance, inflation is really under control right now, way below even the Fed target of 2%. Now the US Treasury is seeing a very nice stream of income from foreign suppliers that have been trying to undercut our domestic producers, and I'm sure
if they could, they would pass it on to US Consumers, but, look at the inflation numbers below, they clearly have not been able to pass these costs onto the US Consumer, because the US Consumer is not struggling with price inflation, at all.
It's strange how the Left flips out if US corporations get a tax break and then flip out even harder if Chinese Suppliers have to pay some US taxes in order to have access to US consumers.
China has been taking advantage of us for years, and they have the Left, many Leftwing Think Tanks, Leftwing Universities and Leftwing politicians handsomely paid off, so the Left reliably pushes the Chinese line, every day, on every topic.
Good thing Trump stands up to the Chinese and for the US producer.