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

[BluesLegend]

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

Knock it off or we'll cut off your food supply and starve you out.

 

[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

Knock it off or we'll cut off your food supply and starve you out.

Again, bunch of fat ass, uneducated hillbillies aren't going to organize and cut off anything, except for maybe their own incest.

That's why you formed the Trump cult, remember? Because of your own ineffectualness and impotence. "Waaaah, nobody represents the angry , stupid crackers, waaaaah..."

 

[BluesLegend]

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

Knock it off or we'll cut off your food supply and starve you out.

Again, bunch of fat ass, uneducated hillbillies aren't going to organize and cut off anything, except for maybe their own incest.

Trump 2020!!

 

[shockedcanadian]

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.

lol, nobody believes that B.S. How can anyone know, it's Communist China?

However, let's say you are right. All the more reason to battle the Commies before they become too powerful. Your argument about their success in the "race to the bottom" gives motivation for the West to crush the weasels.

 

[easyt65]

USMCA is just a regurgitation of NAFTA

Bwuhahahaha....

Trade wars and negotiation GOOD trade deals from positions of strength instead of weakness are very hard to do. If they were easy Barry would have successfully done it 11 years ago, and Trump would not have been the only President to do so in the last 3+ Presidents to successfully do so.

Obama demonstrated he knew nothing about business, nothing about negotiating from positions of strength, and accepted deals unfair to Americans because he thought, like his father, the US was 'evil' and should sacrifice, suffer, and kneel to the rest of the world.

 

[jc456]

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

Knock it off or we'll cut off your food supply and starve you out.

Again, bunch of fat ass, uneducated hillbillies aren't going to organize and cut off anything, except for maybe their own incest.

That's why you formed the Trump cult, remember? Because of your own ineffectualness and impotence. "Waaaah, nobody represents the angry , stupid crackers, waaaaah..."

I love it, TDS at the max with you! You have it bad!

 

[Vandalshandle]

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.

lol, nobody believes that B.S. How can anyone know, it's Communist China?

However, let's say you are right. All the more reason to battle the Commies before they become too powerful. Your argument about their success in the "race to the bottom" gives motivation for the West to crush the weasels.

You are right! patriotic Americans don't buy Chinese products! They get their shirts from Vietnam, which enjoys "favored nation" trade status!

 

[Vandalshandle]

USMCA is just a regurgitation of NAFTA

Bwuhahahaha....

Trade wars and negotiation GOOD trade deals from positions of strength instead of weakness are very hard to do. If they were easy Barry would have successfully done it 11 years ago, and Trump would not have been the only President to do so in the last 3+ Presidents to successfully do so.

Obama demonstrated he knew nothing about business, nothing about negotiating from positions of strength, and accepted deals unfair to Americans because he thought, like his father, the US was 'evil' and should sacrifice, suffer, and kneel to the rest of the world.

Trump is such a good negotiator that he made a deal with N. Korea to give them world recognized status, and got in return...well... insults from Kim.

 

[easyt65]

Trump is such a good negotiator that he made a deal with N. Korea to give them world recognized status, and got in return...well... insults from Kim.

Better than Clinton, who gave them nuclear material / reactors...

Where the f* was Barry? Oh yeah, negotiating his own pro-Iran treaty, pimping out our military to Al Qaeda, & invading Syria.

 

[Norman]

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. ...

Yeah that's exactly what the economy shows. It was written by Paul Krugman?

 

[Denizen]

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.

lol, nobody believes that B.S. How can anyone know, it's Communist China?

However, let's say you are right. All the more reason to battle the Commies before they become too powerful. Your argument about their success in the "race to the bottom" gives motivation for the West to crush the weasels.

China to become a victim of US bullying like Canada? Fat chance.

China is expanding its influence into Africa and South America to counter the US attempts to isolate China.

It is too late for the US to contain China. The genie is out of the bottle.

 

[Thinker101]

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.

lol, nobody believes that B.S. How can anyone know, it's Communist China?

However, let's say you are right. All the more reason to battle the Commies before they become too powerful. Your argument about their success in the "race to the bottom" gives motivation for the West to crush the weasels.

China to become a victim of US bullying like Canada? Fat chance.

China is expanding its influence into Africa and South America to counter the US attempts to isolate China.

It is too late for the US to contain China. The genie is out of the bottle.

Yep, careful with that genie, it was made in China.

 

[Denizen]

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. ...

Yeah that's exactly what the economy shows. It was written by Paul Krugman?

The US economy is fueled by debt. Debt is growing at >2 x GDP growth rate. That is not sustainable.

Trump is giving free money to the wealthy.

 

[Vandalshandle]

Trump is such a good negotiator that he made a deal with N. Korea to give them world recognized status, and got in return...well... insults from Kim.

Better than Clinton, who gave them nuclear material / reactors...

Where the f* was Barry? Oh yeah, negotiating his own pro-Iran treaty, pimping out our military to Al Qaeda, & invading Syria.

Oh, not at all! Trump tells us that Obama was going to go to war with N. Korea, and it was only due to Trump that it did not happen!

 

[easyt65]

Trump is such a good negotiator that he made a deal with N. Korea to give them world recognized status, and got in return...well... insults from Kim.

Better than Clinton, who gave them nuclear material / reactors...

Where the f* was Barry? Oh yeah, negotiating his own pro-Iran treaty, pimping out our military to Al Qaeda, & invading Syria.

Oh, not at all! Trump tells us that Obama was going to go to war with N. Korea, and it was only due to Trump that it did not happen!

Link?

 

[The Purge]

And THEN WE HAVE THIS FROM CNN!!!!!


Money has been leaving China at a record rate. Beijing is battling to stem the tide


Hong Kong (CNN Business) Beijing is stepping up the battle to stop money flowing out of China as the country contends with economic woes and trade war tensions that have eased but show no sign of ending altogether.

Money was leaving the country at a record clip earlier this year through unauthorized channels, according to analysts. That's bad news for China, which needs to keep financial reserves high to maintain confidence in its markets.

Now Chinese officials are trying harder than ever to avoid a repeat of the financial scare four years ago that sapped its money reserves by hundreds of billions of dollars.

The State Administration of Foreign Exchange, a key government regulator, said Sunday that its most important job next year is to prevent major financial risks, avoid "abnormal" capital flows across its borders and crack down on illegal trading activities.

"We need to fight a critical battle" to defuse financial risks and maintain market stability, SAFE said in an statement. The pledge was an unusually strong one for the agency, which deployed the kind of military language more often used by top leaders in China.

Cracking down

The agency has already started cracking down on capital flight. In November, it fined Chinabank Payments $4.2 million — one of the largest-ever fines SAFE has imposed — for moving money overseas. The regulator didn't say how much had been transferred, but it could have been tens of millions of yuan because China calculates fines based on the amount of money in question.

The online payments firm, a subsidiary of billionaire Richard Liu's JD.com (JD), told CNN Business that the transfers were made by "external merchants" who had taken advantage of loopholes. But it said it felt "deeply sorry" and would reflect on its management.

(Excerpt) Read more at cnn.com ...

 

[Denizen]

Trump is such a good negotiator that he made a deal with N. Korea to give them world recognized status, and got in return...well... insults from Kim.

Better than Clinton, who gave them nuclear material / reactors...

Where the f* was Barry? Oh yeah, negotiating his own pro-Iran treaty, pimping out our military to Al Qaeda, & invading Syria.

Oh, not at all! Trump tells us that Obama was going to go to war with N. Korea, and it was only due to Trump that it did not happen!

Donald Trump decided the American people were an easier foe to vanquish.

 

[easyt65]

Donald Trump decided the American people were an easier foe to vanquish.

The American people REJECTED criminal Hillary in 2016, and the Democrats have made no effort to hide the fact that they despise Americans who did so, think they can / must not be trusted with the ability to pick their own President - as Pelosi publicly declared, and have criminally / treasonously been attempting for the last 3+ years to UN-DO the results of the 2016 elections.

.

 

[Fort Fun Indiana]

The American people REJECTED criminal Hillary in 2016

...by giving her more votes than the mentally ill child President.

 

[joaquinmiller]

Trump is such a good negotiator that he made a deal with N. Korea to give them world recognized status, and got in return...well... insults from Kim.

Better than Clinton, who gave them nuclear material / reactors...

Where the f* was Barry? Oh yeah, negotiating his own pro-Iran treaty, pimping out our military to Al Qaeda, & invading Syria.

Oh, not at all! Trump tells us that Obama was going to go to war with N. Korea, and it was only due to Trump that it did not happen!

Link?

Donald Trump says if people had listened to Barack Obama on North Korea "We'd be in World War 3 right now"

"President Obama said it's the number one problem and it would've been war. You'd be in a war right now if it weren't for me."