Thank you Donald Trump ... Fed study: Trump tariffs backfired, caused job losses and higher prices

[Dragonlady]

'backfired'?

1st President to stand up to China, got a better deal than NAFTA, and snowflakes who prefer to be on their knees in front of China bitch and moan again about Trump / America winning...

Bwuhahahaha....

Trump is not the first President to “stand up to China”. That’s one of his 16,000 lies.

Blaming China for “stealing” American jobs or technology is also a lie. American corporations GAVE your jobs away and willingly turned their IT over to the Chinese in doing so. They only got upset when the Chinese used the IT for their own benefit.

I blame American corporate greed for both the job losses and the stolen IT. These people knew that American patent and trade mark laws aren’t enforceable in China, but all they saw was cheap wages and freedom from environment laws. Walmart told suppliers to offshore manufacturing to lower costs and are directly responsible for the loss of over 130,000 US manufacturing jobs.

Trump often says he doesn’t blame China. Right before he blames China, but he’s correct in the first instance. But even when he doesn’t blame China, he doesn’t blame American corporations either. Or American consumers for eagerly buying cheap Chinese goods.

 

[Dragonlady]

'backfired'?

1st President to stand up to China, got a better deal than NAFTA, and snowflakes who prefer to be on their knees in front of China bitch and moan again about Trump / America winning...

Bwuhahahaha....

Democrats take the side of China and throw American workers under the bus. The reason they are squealing like stuck pigs is Trump has exposed them as traitors.

No they don’t. But they recognize that American corporations are TOTALLY to blame for the decision to ship American jobs overseas. It is American corporations who have thrown American workers under the bus.

 

[BluesLegend]

'backfired'?

1st President to stand up to China, got a better deal than NAFTA, and snowflakes who prefer to be on their knees in front of China bitch and moan again about Trump / America winning...

Bwuhahahaha....

Democrats take the side of China and throw American workers under the bus. The reason they are squealing like stuck pigs is Trump has exposed them as traitors.

No they don’t. But they recognize that American corporations are TOTALLY to blame for the decision to ship American jobs overseas. It is American corporations who have thrown American workers under the bus.

Are you talking about the corporations government employees have trillions in retirement funds invested in?

 

[Vandalshandle]

Wage increases and broader employment increases are FAR better than lower prices from goods made in China, while the unemployed drain tax resources. Without tariffs, all these businesses were doing is shipping jobs and getting massive govt. "bail outs" in the form of welfare and other expenses the people they forced into unemployment needed.

Wage increases for U.S citizens were in the thousands a year, while nobody is forcing them to purchase from "producers" who imported from China. If they increase prices, than just buy locally, no problem. Small price increases for someone who now has a job is exponentially better than someone being unemployed. Let's see the relative purchasing power, disposable income stats.

The only people hurt by tariffs against Communists are those hurting America by employing Communists. I'm all for global trade, as long as it is based on talented and innovation, not just a race to the bottom to prop up Commies.

I will have the foreign made seat upholstery removed from my next new Ford, before delivery. I'm patriotic. I will sit on the springs.

 

[Dragonlady]

brothers and sisters: by reflexively opposing Trump, the Demonrats are making it harder for him to be bipartisan.

that's not a winning strategy, my friends!

People don’t “reflexively” oppose Trump. They oppose most of his policies on the basis that they’re destructive, and dangerous.

Notice we don’t oppose the NAFTA renegotiation. Pelosi even passed it, after some much needed modifications to protect workers, which Trump failed to write into the agreement.

Thank you Donald Trump for doubling imports from Canada during your first three years. Canadian workers thank you and say that any time you want to give Trudeau another lesson in negotiating, we’re all for it.

 

[Meathead]

Donald Trump is a loser running the American economy with decisions based on how his gut feels after a McDonald's supersized meal. Which fuels a simultaneous release of hot air from Trump's mouth and rear end.

Trumpers, are you tired of winning as Federal debt rises at >2 x GDP growth and the stock market rises at >5x GDP growth rate. Both of these economic factors are unsustainable.

Donald Trump is losing the trade war. Farmers have become welfare recipients and manufacturers are likely to join them soon.

The problem with the USA is that the US$ is overvalued and US goods are too expensive for foreigners and conversely foreign goods are cheaper than US manufacturers can produce. The solution is to tax foreign capital entering the USA, not to engage in and lose a trade war.

Donald Trump said trade wars are easy to win, however, he has proved himself wrong. Donald Trump is a loser, a liar, a slanderer, and a Russian mob money recipient.

Fed study: Trump tariffs backfired, caused job losses and higher prices

Fed study: Trump tariffs backfired, caused job losses and higher prices
BY BROOKE SEIPEL - 12/27/19 09:18 PM EST 3,143

President Trump's tariffs on imports — meant to boost the economy — ultimately led to job losses and higher prices, a new study from the Federal Reserve has found.

"We find that tariff increases enacted in 2018 are associated with relative reductions in manufacturing employment and relative increases in producer prices," the report by Fed economists Aaron Flaaen and Justin Pierce reads.

MarketWatch first reported the study, noting that 10 primary industries were hit by retaliatory tariffs and higher prices, including producers of magnetic and optical media, leather goods, aluminum sheet, iron and steel, motor vehicles, household appliances, sawmills, audio and video equipment, pesticide, and computer equipment.

The Trump administration first implemented steel and aluminum tariffs in March of 2018, with the president declaring at the time that "aggressive foreign trade practices" related to the trade goods amounted to an "assault on our country" and the U.S. steel industry.

Since then, Trump has announced new rounds of tariffs on billions of Chinese goods in a retaliatory back-and-forth with the country.

U.S. and Chinese officials say they have neared a preliminary trade deal that would grant China relief from some tariffs in exchange for drastically increasing purchases of American farm exports.

The escalation of the U.S.-China trade war prompted a tumultuous market at some points throughout the year, amid fears of a possible global recession.

In September of this year, U.S. consumers and businesses paid a record $7.1 billion in tariffs. ...

You should see what it's doing to China.

 

[Dragonlady]

'backfired'?

1st President to stand up to China, got a better deal than NAFTA, and snowflakes who prefer to be on their knees in front of China bitch and moan again about Trump / America winning...

Bwuhahahaha....

Democrats take the side of China and throw American workers under the bus. The reason they are squealing like stuck pigs is Trump has exposed them as traitors.

No they don’t. But they recognize that American corporations are TOTALLY to blame for the decision to ship American jobs overseas. It is American corporations who have thrown American workers under the bus.

Are you talking about the corporations government employees have trillions in retirement funds invested in?

Do you have a link to a list of these investments? The US government has been using government retirement funds to cut the deficit since Clinton was in power.

 

[Dragonlady]

Donald Trump is a loser running the American economy with decisions based on how his gut feels after a McDonald's supersized meal. Which fuels a simultaneous release of hot air from Trump's mouth and rear end.

Trumpers, are you tired of winning as Federal debt rises at >2 x GDP growth and the stock market rises at >5x GDP growth rate. Both of these economic factors are unsustainable.

Donald Trump is losing the trade war. Farmers have become welfare recipients and manufacturers are likely to join them soon.

The problem with the USA is that the US$ is overvalued and US goods are too expensive for foreigners and conversely foreign goods are cheaper than US manufacturers can produce. The solution is to tax foreign capital entering the USA, not to engage in and lose a trade war.

Donald Trump said trade wars are easy to win, however, he has proved himself wrong. Donald Trump is a loser, a liar, a slanderer, and a Russian mob money recipient.

Fed study: Trump tariffs backfired, caused job losses and higher prices

Fed study: Trump tariffs backfired, caused job losses and higher prices
BY BROOKE SEIPEL - 12/27/19 09:18 PM EST 3,143

President Trump's tariffs on imports — meant to boost the economy — ultimately led to job losses and higher prices, a new study from the Federal Reserve has found.

"We find that tariff increases enacted in 2018 are associated with relative reductions in manufacturing employment and relative increases in producer prices," the report by Fed economists Aaron Flaaen and Justin Pierce reads.

MarketWatch first reported the study, noting that 10 primary industries were hit by retaliatory tariffs and higher prices, including producers of magnetic and optical media, leather goods, aluminum sheet, iron and steel, motor vehicles, household appliances, sawmills, audio and video equipment, pesticide, and computer equipment.

The Trump administration first implemented steel and aluminum tariffs in March of 2018, with the president declaring at the time that "aggressive foreign trade practices" related to the trade goods amounted to an "assault on our country" and the U.S. steel industry.

Since then, Trump has announced new rounds of tariffs on billions of Chinese goods in a retaliatory back-and-forth with the country.

U.S. and Chinese officials say they have neared a preliminary trade deal that would grant China relief from some tariffs in exchange for drastically increasing purchases of American farm exports.

The escalation of the U.S.-China trade war prompted a tumultuous market at some points throughout the year, amid fears of a possible global recession.

In September of this year, U.S. consumers and businesses paid a record $7.1 billion in tariffs. ...

You should see what it's doing to China.

Yeah their GDP growth was only 6% last year.

 

[BluesLegend]

Do you have a link to a list of these investments? The US government has been using government retirement funds to cut the deficit since Clinton was in power.

OMG where do you think the public employee retirement funds have all that money invested? WOW

 

[Toro]

Higher taxes cause higher prices and job losses.

This is what Republicans had been telling us for decades.

And they're right.

 

[Toro]

Do you have a link to a list of these investments? The US government has been using government retirement funds to cut the deficit since Clinton was in power.

No they haven't.

 

[Fort Fun Indiana]

Farmers are struggling because of the late spring, heavy rains & flooding of last year when many of them risked planting later without sufficient growth time before harvest or didn't plant at all. But with or without a crop, farmers have been subsidized for years.


"We find that tariff increases enacted in 2018 are associated with relative reductions in manufacturing employment and relative increases in producer prices," the report by Fed economists Aaron Flaaen and Justin Pierce reads.


Relative??? Relative to what????? Too bad that article nor your OP includes any facts, but only speculations.....

These same farmers are now complaining that their export markets have been taken away from them due to the tariffs.

 

[jc456]

Donald Trump is a loser running the American economy with decisions based on how his gut feels after a McDonald's supersized meal. Which fuels a simultaneous release of hot air from Trump's mouth and rear end.

Trumpers, are you tired of winning as Federal debt rises at >2 x GDP growth and the stock market rises at >5x GDP growth rate. Both of these economic factors are unsustainable.

Donald Trump is losing the trade war. Farmers have become welfare recipients and manufacturers are likely to join them soon.

The problem with the USA is that the US$ is overvalued and US goods are too expensive for foreigners and conversely foreign goods are cheaper than US manufacturers can produce. The solution is to tax foreign capital entering the USA, not to engage in and lose a trade war.

Donald Trump said trade wars are easy to win, however, he has proved himself wrong. Donald Trump is a loser, a liar, a slanderer, and a Russian mob money recipient.

Fed study: Trump tariffs backfired, caused job losses and higher prices

Fed study: Trump tariffs backfired, caused job losses and higher prices
BY BROOKE SEIPEL - 12/27/19 09:18 PM EST 3,143

President Trump's tariffs on imports — meant to boost the economy — ultimately led to job losses and higher prices, a new study from the Federal Reserve has found.

"We find that tariff increases enacted in 2018 are associated with relative reductions in manufacturing employment and relative increases in producer prices," the report by Fed economists Aaron Flaaen and Justin Pierce reads.

MarketWatch first reported the study, noting that 10 primary industries were hit by retaliatory tariffs and higher prices, including producers of magnetic and optical media, leather goods, aluminum sheet, iron and steel, motor vehicles, household appliances, sawmills, audio and video equipment, pesticide, and computer equipment.

The Trump administration first implemented steel and aluminum tariffs in March of 2018, with the president declaring at the time that "aggressive foreign trade practices" related to the trade goods amounted to an "assault on our country" and the U.S. steel industry.

Since then, Trump has announced new rounds of tariffs on billions of Chinese goods in a retaliatory back-and-forth with the country.

U.S. and Chinese officials say they have neared a preliminary trade deal that would grant China relief from some tariffs in exchange for drastically increasing purchases of American farm exports.

The escalation of the U.S.-China trade war prompted a tumultuous market at some points throughout the year, amid fears of a possible global recession.

In September of this year, U.S. consumers and businesses paid a record $7.1 billion in tariffs. ...

I see you hate Americans working huh fkwad?

 

[BluesLegend]

Farmers are struggling because of the late spring, heavy rains & flooding of last year when many of them risked planting later without sufficient growth time before harvest or didn't plant at all. But with or without a crop, farmers have been subsidized for years.


"We find that tariff increases enacted in 2018 are associated with relative reductions in manufacturing employment and relative increases in producer prices," the report by Fed economists Aaron Flaaen and Justin Pierce reads.


Relative??? Relative to what????? Too bad that article nor your OP includes any facts, but only speculations.....

These same farmers are now complaining that their export markets have been taken away from them due to the tariffs.

I remember when Dem's routinely spewed hate at famers and farm subsidies. So pardon us if we don't put any stock into the left's sudden concern for farmers.

 

[Blaine Sweeter]

'backfired'?

1st President to stand up to China, got a better deal than NAFTA, and snowflakes who prefer to be on their knees in front of China bitch and moan again about Trump / America winning...

Bwuhahahaha....

USMCA is just a regurgitation of NAFTA and Donald said trade wars were easy. Even a 6th grader knows they aren't.

The farmers in this country are on their knees to China, not us, you fucking azzhat.

Farm Bankruptcies Rise Again - American Farm Bureau
https://www.fb.org › market-intel › farm-bankruptcies-rise-again
Oct 30, 2019 - Data from the U.S. Courts reveals that for the 12-month period ending September 2019, Chapter 12 farm bankruptcies totaled 580 filings, up 24% from the prior year and the highest level since 676 filings in 2011.

Farm Loan Delinquencies and Bankruptcies Are Rising
https://www.fb.org › market-intel › farm-loan-delinquencies-and-bankruptci...
Jul 31, 2019
Farm Bankruptcy Filings Rise 13% For the first quarter of 2019, 2.5% of commercial real estate loans in ...

Farm Bankruptcies Surge
https://www.npr.org › 2019/11/10 › farm-bankruptcies-surge
Nov 10, 2019 - A recent report from the American Farm Bureau Federation says the number of farms filing for bankruptcy is up 24% from the previous year. It's the steepest rise the farming industry has seen in years, and the total farm debt for 2019 is expected to hit $416 billion, a record high.

Farm Bankruptcies Are Way Up This Year - Modern Farmer
https://modernfarmer.com › 2019/11 › farm-bankruptcies-are-way-up-this...
Nov 15, 2019 - Chapter 12 is a form of bankruptcy filing that was first passed in 1986, specifically for farms or fishing operations. The restrictions are brutal, ...

Corn, Dairy Farms Lead Chapter 12 Bankruptcy Filings ...
https://www.agriculture.com › news › business › agriculture-leads-bankrup...
Mar 27, 2019 - DES MOINES, Iowa -- The number of family farms declaring bankruptcy is going up, not down, according to the latest data from the federal ...

Farm bankruptcies increase nationwide, report says | Agweek
https://www.agweek.com › business › agriculture › 4680969-farm-bankru...
Nov 18, 2019 - Farm bankruptcies continue to increase nationwide, with the largest number of such filings coming in the Midwest region, according to a report ...

 

[Fort Fun Indiana]

I remember when Dem's routinely spewed hate at famers and farm subsidies

And I remember when you Randian pukes did the same thing. Because that was today. And it will be tomorrow, too.

 

[BluesLegend]

I remember when Dem's routinely spewed hate at famers and farm subsidies

And I remember when you Randian pukes did the same thing. Because that was today. And it will be tomorrow, too.

We allow you to live in our beloved country, remember that.

 

[Toro]

Thank you Donald Trump for doubling imports from Canada during your first three years. Canadian workers thank you and say that any time you want to give Trudeau another lesson in negotiating, we’re all for it.

That didn't happen.

 

[Meathead]

Donald Trump is a loser running the American economy with decisions based on how his gut feels after a McDonald's supersized meal. Which fuels a simultaneous release of hot air from Trump's mouth and rear end.

Trumpers, are you tired of winning as Federal debt rises at >2 x GDP growth and the stock market rises at >5x GDP growth rate. Both of these economic factors are unsustainable.

Donald Trump is losing the trade war. Farmers have become welfare recipients and manufacturers are likely to join them soon.

The problem with the USA is that the US$ is overvalued and US goods are too expensive for foreigners and conversely foreign goods are cheaper than US manufacturers can produce. The solution is to tax foreign capital entering the USA, not to engage in and lose a trade war.

Donald Trump said trade wars are easy to win, however, he has proved himself wrong. Donald Trump is a loser, a liar, a slanderer, and a Russian mob money recipient.

Fed study: Trump tariffs backfired, caused job losses and higher prices

Fed study: Trump tariffs backfired, caused job losses and higher prices
BY BROOKE SEIPEL - 12/27/19 09:18 PM EST 3,143

President Trump's tariffs on imports — meant to boost the economy — ultimately led to job losses and higher prices, a new study from the Federal Reserve has found.

"We find that tariff increases enacted in 2018 are associated with relative reductions in manufacturing employment and relative increases in producer prices," the report by Fed economists Aaron Flaaen and Justin Pierce reads.

MarketWatch first reported the study, noting that 10 primary industries were hit by retaliatory tariffs and higher prices, including producers of magnetic and optical media, leather goods, aluminum sheet, iron and steel, motor vehicles, household appliances, sawmills, audio and video equipment, pesticide, and computer equipment.

The Trump administration first implemented steel and aluminum tariffs in March of 2018, with the president declaring at the time that "aggressive foreign trade practices" related to the trade goods amounted to an "assault on our country" and the U.S. steel industry.

Since then, Trump has announced new rounds of tariffs on billions of Chinese goods in a retaliatory back-and-forth with the country.

U.S. and Chinese officials say they have neared a preliminary trade deal that would grant China relief from some tariffs in exchange for drastically increasing purchases of American farm exports.

The escalation of the U.S.-China trade war prompted a tumultuous market at some points throughout the year, amid fears of a possible global recession.

In September of this year, U.S. consumers and businesses paid a record $7.1 billion in tariffs. ...

You should see what it's doing to China.

Yeah their GDP growth was only 6% last year.

China's gdp growth lowest in 27 years dingbat: China's GDP growth slows to 27-year low | DW | 18.10.2019

 

[Fort Fun Indiana]

We allow you to live in our beloved country

Haha, sure. Some fat ass, cheetoh-stained blob binge watching Duck Dynasty is "letting" me do something. Heh heh