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

[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!

Link?

i can't believe that you would even question that Trump said that!

World War 3 AVOIDED: Trump warns ‘we would be at WAR with North Korea if not for ME!’

 

[easyt65]

World War 3 AVOIDED: Trump warns ‘we would be at WAR with North Korea if not for ME!’

Who is to say it was not?

The Noel Peace Prize Winner did arm, train, protect, defend, and aid terrorists and Drug Cartels...pimped out our military to Al Qaeda to help them murder a sovereign nation's leader - who was helping the Coalition fight terrorists in northern Africa - and take over their own country, and did commit a UN-defined International War Crime by invading a sovereign nation without that nation's government's or leader's permission or request to do so.

Barry did violate the Constitution's Separation of Powers by negotiating his own Iran-benefiting treaty then rushed it to the UN to get it ratified before Congress could read it. This treaty started a Middle East nuclear arms race as Saudi and other nations are looking to develop their own, not fooled for 1 minute Barry's treaty, negotiated from a position of weakness, will stop Iran from acquiring nuclear weapons.

Barry ignored North Korea - he was too busy spying on Americans, helping our enemies, invading Syria, being flexible for Vlad, trying to control the 2016 election, and initiating a Coup attempt.

 

[JustAnotherNut]

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.

Without crops, due to inclement weather, what do they have to export???????

 

[Denizen]

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.

.

Donald Trump was elected by Russians.

 

[easyt65]

Donald Trump was elected by Russians.

Just pathetic....stumped with nothing else to offer, you just lie.

I accept your 'surrender'.

 

[Vandalshandle]

World War 3 AVOIDED: Trump warns ‘we would be at WAR with North Korea if not for ME!’

Who is to say it was not?

The Noel Peace Prize Winner did arm, train, protect, defend, and aid terrorists and Drug Cartels...pimped out our military to Al Qaeda to help them murder a sovereign nation's leader - who was helping the Coalition fight terrorists in northern Africa - and take over their own country, and did commit a UN-defined International War Crime by invading a sovereign nation without that nation's government's or leader's permission or request to do so.

Barry did violate the Constitution's Separation of Powers by negotiating his own Iran-benefiting treaty then rushed it to the UN to get it ratified before Congress could read it. This treaty started a Middle East nuclear arms race as Saudi and other nations are looking to develop their own, not fooled for 1 minute Barry's treaty, negotiated from a position of weakness, will stop Iran from acquiring nuclear weapons.

Barry ignored North Korea - he was too busy spying on Americans, helping our enemies, invading Syria, being flexible for Vlad, trying to control the 2016 election, and initiating a Coup attempt.

Jesus on a bicycle, Easy, it is too late for you. You have already drunk the Kool-Aid.

 

[Denizen]

Donald Trump was elected by Russians.

Just pathetic....stumped with nothing else to offer, you just lie.

I accept your 'surrender'.

It is too late. Donald Trump already surrendered your sorry ass to ISIS.

 

[easyt65]

World War 3 AVOIDED: Trump warns ‘we would be at WAR with North Korea if not for ME!’

Who is to say it was not?

The Noel Peace Prize Winner did arm, train, protect, defend, and aid terrorists and Drug Cartels...pimped out our military to Al Qaeda to help them murder a sovereign nation's leader - who was helping the Coalition fight terrorists in northern Africa - and take over their own country, and did commit a UN-defined International War Crime by invading a sovereign nation without that nation's government's or leader's permission or request to do so.

Barry did violate the Constitution's Separation of Powers by negotiating his own Iran-benefiting treaty then rushed it to the UN to get it ratified before Congress could read it. This treaty started a Middle East nuclear arms race as Saudi and other nations are looking to develop their own, not fooled for 1 minute Barry's treaty, negotiated from a position of weakness, will stop Iran from acquiring nuclear weapons.

Barry ignored North Korea - he was too busy spying on Americans, helping our enemies, invading Syria, being flexible for Vlad, trying to control the 2016 election, and initiating a Coup attempt.

Jesus on a bicycle, Easy, it is too late for you. You have already drunk the Kool-Aid.

Hey V, you got a little Barry spunk on your Chin....or is that Chinese spunk? Hard to tell since you're always on your knees in front of both of them.

.

 

[easyt65]

It is too late. Donald Trump already surrendered your sorry ass to ISIS.

?! Dude, put down the crack pipe and go to bed. You're making no sense.

 

[Denizen]

It is too late. Donald Trump already surrendered your sorry ass to ISIS.

?! Dude, put down the crack pipe and go to bed. You're making no sense.

Thanks for the invitation but I respectfully decline.

 

[Dragonlady]

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 has demonstrated that he is the worst negotiator ever. He doesn’t “negotiate from a position of strength”. He starts out by trying to bully the other side. When that doesn’t work, he walks out.

Prior trade deals made America the richest country in the world which is what they were intended to do. Reagan thought that if Mexicans could find work in Mexico, they wouldn’t sneak across the border to find work. Reagan didn’t care that much about American workers. Supply side, free market economics ignores the workers.

NAFTA was negotiated and signed by conservatives in Canada and the United States over the objections of the unions which said it was bad for American workers. Reagan didn’t care. It would make money.

Nixon negotiated the first China trade deal. Now Republicans are saying these are bad deals but the deals Trump is negotiating wont bring jobs back to low wage workers.

Trump’s China deal is all about protecting IT and increasing farm exports. There is nothing there for American workers.

 

[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.

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.

Let’s be clear. Canada wasn’t bullied and we came out ahead in the trade deal regardless of what Trump says.

Trump got played - again. We have trade surpluses with the US for the first time in our history. Wheee doggies!

 

[The Purge]

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 has demonstrated that he is the worst negotiator ever. He doesn’t “negotiate from a position of strength”. He starts out by trying to bully the other side. When that doesn’t work, he walks out.

Prior trade deals made America the richest country in the world which is what they were intended to do. Reagan thought that if Mexicans could find work in Mexico, they wouldn’t sneak across the border to find work. Reagan didn’t care that much about American workers. Supply side, free market economics ignores the workers.

NAFTA was negotiated and signed by conservatives in Canada and the United States over the objections of the unions which said it was bad for American workers. Reagan didn’t care. It would make money.

Nixon negotiated the first China trade deal. Now Republicans are saying these are bad deals but the deals Trump is negotiating wont bring jobs back to low wage workers.

Trump’s China deal is all about protecting IT and increasing farm exports. There is nothing there for American workers.

Sometimes you just have to let stupid run amok with the mentally ill!

Just in time for Christmas, the negotiated trade deal with China has the potential to be a present under the tree for farmers and small business owners who have taken more than their fair share of harm in the ongoing trade war.

Controversy notwithstanding, the get-tough-with-China approach has had broad support among Republicans, Democrats and the American public. A recent Pew poll shows the share of Americans who have an unfavorable view of China has reached a new high.

Tariffs mean more taxes and less competition, and anyone who thought the trade war would be costless was kidding themselves, even if the most severe effects that many feared have not yet materialized for the U.S. economy. In October, the National Bureau of Economic Research put out an analysis of large multinational retailers which found them mostly bearing the costs of the duties themselves rather than passing costs on to customers. This helps explain why we have not seen the effects of the tariffs in the consumer price index. Meanwhile, unemployment is at 3.6 percent, the lowest since 1969.

Trade deal with China a gift to American workers


Click The Pic

 

[Mac-7]

tRump aint no loser ! He always wins !
View attachment 297007 View attachment 297008

None of those women appear to be 13 or 14

 

[Mac-7]

Liberals see no threat from china

And thats just stupid

We need more American manufacturing

Just growing soybeans is not enough

 

[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

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.

Let’s be clear. Canada wasn’t bullied and we came out ahead in the trade deal regardless of what Trump says.

Trump got played - again. We have trade surpluses with the US for the first time in our history. Wheee doggies!

lol, try selling that to someone else. Canadas economy is getting crushed. The only growth in Canada is in government and policing, everyone else is holding the bill as future generations see their nation crumbling in debt.

There is a reason Ontario for instance, is called a "gimmick economy" with "Hallway Healthcare". Temp, part-time,contract, min. wage work unless you are a member of the kakistocracy. Dirty animals destroying Canada and they don't care as long as their low performing kids get free opportunities.

Decades of exploitation by low performers. Canada did it to themselves. I've spoken to dozens of U.S company executives over the years because I'm a rat like that, not ONE said they were considering increased investment in Canada. When GM, Target, Kinder Morgan and many others left Canada, I was only surprised by how long it took.

I could give you a list of who I estimate will be leaving next, but I will let you find out for yourself through the news.

 

[kiwiman127]

2018 tariffs meant job losses, higher prices for U.S. manufacturing sector
President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.
“We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and Justin Pierce, in an academic paper.
While the tariffs did reduce competition for some industries in the domestic U.S. market, this was more than offset by the effects of rising input costs and retaliatory tariffs, the study found.
“While the longer-term effects of the tariffs may differ from those that we estimate here, the results indicate that the tariffs, thus far, have not led to increased activity in the U.S. manufacturing sector,” the study said.
Tit-for-tat trade retaliation is an idea best relegated to the past, given the presence of globally interconnected supply chains, the Fed researchers found.
The top ten manufacturing industries hit by foreign retaliatory tariffs were 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 top ten industries hit by higher prices were: aluminum sheet, steel product, boilers, forging, primary aluminum production, secondary aluminum smelting, architectural metals, transportation equipment, general purpose machinery and household appliances.
Fed study finds Trump tariffs backfired
https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf
And that doesn't include farming.
Here’s The Crushing Truth About American Farmers Under Trump’s Trade War
Thanks to the trade war: "These latest shocks are helping to drive up farm bankruptcies and farmer suicides, as Chuck Jones wrote earlier this year at Forbes.com. These are people who badly need help."
Here’s The Crushing Truth About American Farmers Under Trump’s Trade War
Trump economics, where the people who are the wealthiest win and everyone else loses.

 

[WillowTree]

So maybe other countries are stupid for tariffs hey? Or is it just Trump?

 

[JGalt]

Trump's tariffs are killing China's economy, and that makes me a happy panda.

Xi installs finance experts to manage economic risks - Taipei Times

 

[Rambunctious]

Libs trying to tell us the great economy we are enjoying isn't really happening....