Oh the irony. Now I know you were lying about teaching
Do I think that Trump knows as much about trade as the last four presidents? HELL NO. Trump doesn’t know jack shit about any of this stuff. He’s making it up as he goes along.
Trump didn’t know you have a trade surplus with Canada. He thinks that a trade deficit means the other country owes the US government money.
He also seems to think the exporting countries pay the tariffs. They don’t. The buyers do. The tariffs on imports are paid by the importer, not the exporter. They raise the price of the goods the sold in the US. American consumers are paying the tariffs Trump is levying. The idea being that they’ll buy the cheaper US made products over the more expensive imports.
Trump even said that the import tariffs would pay down the national debt. Now there’s a joke. You don’t import enough goods to make a dent in the national debt.
There is also no strategy on implementing the tariffs. Bad news on the Stormy Daniels lawsuit? Slap tariffs on China. Distracts the media and the public from the scandal.
Turkey kidnaps a minister, slap a tariff on them.
Businesses can’t plan production or marketing because Trump could wake up and read that someone in Europe insulted him and slap a tarriff on their suppliers.
How is it that you don’t know this stuff Mr. Economics Professor. Why does a former banker have to school you on tariffs?
Canadians are now boycotting US produce and manufactured goods. The EU has slapped tariffs on targeted products, China is ramping up the trade war.
Trump said trade wars are easy to win. I look forward to the inevitable retreat from these ruinous policies, and Trumps attempt to spin this as yet another “win”.
NO, my dear. You really have to stop reading IDIOT propaganda. Importers do not pay for tariffs. They are taxes levied on exporters. Even elementary school kids know that.
Leftists have a habit of twisting things backwards and then acting like that's how things are. Did you fail microeconomics 101? If you didn't, you should have, and I'm flunking you right now.
Oh, the American consumer will pay for the tariffs, will they ? I see not only are you duped by the ceaseless jibberish yammered about Trump, but you're also duped by the ever-present lies about prices going up. No company can raise prices above their market price. These are the highest price they can charge, without triggering sales reductions/losses. What do you THINK was the source of those prices ? It wasn't somebody's lucky number, you dunce.
The reason why tariffs at being slapped on China, is because China has been doing that to us, while the past 4 moron US presidents (Clinton, Obama, both Bushes) have given China unrestricted access to out huge/rich market, and they have take full advantage. It's like if you had a very huge palace, filled with money, and you allowed the townspeople to walk right in and take your money. The when you go to their houses, they have a sign on the front lawn with your name on it, and saying "Go Away".
Trump isn't hitting countries with Tariffs because of somebody kidnapped, or this or that. Wow. What a bunch of crazy stuff must be floating around in the leftist media. EARTH TO LEFTIST DUPES: the tariffs are merely returning the US to a fair and strong tariff bearing.
Did you know that America was built on tariffs ? That's another thing Trump said. You want to attack that too ? You'd be wrong (what else is new?) if you did.
Donald J. Trump
✔ @realDonaldTrump
"Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!"
11:04 AM - Aug 15, 2018
Built on tariffs, Indeed. One of the very first bills new President George Washington signed, for instance, was the Tariff Act of 1789. The tariff of 1789 was designed to raise money for the new federal government, slash Revolutionary War debt, and protect early-stage American industries from foreign competition.
Then, as now, some industries sought protection in Congress from a flood of imports. Most goods entering the U.S. were subjected to a 5% tariff, though in a few cases the rates ranged as high as 50%.
It was the first of many tariffs that Congress passed over a century and a half. They generated the vast majority of the federal government's revenue, until the U.S. adopted an income tax in 1913.
Over time the arguments on behalf of protectionism became closely tied to the emerging Republican party.
"Give us a protective tariff and we will have the greatest nation on earth", a young Abraham Lincoln said in 1847. Later, as the country's 16th president, Lincoln rejected free trade and jacked up tariffs during the Civil War, to pay for the North's military campaigns.
By the end of World War II, tariffs largely lost favor in Washington, in both parties. The once-puny U.S. economy had become a colossus, and American companies dominated the international stage. For the next 60 years the U.S. pushed to lower trade barriers, create a global system of free trade, and flood the world with American goods. This was America being great. It lasted until George Bush (41) decided to kiss China's ass, by giving them unrestricted access to our MARKET. And Trump is now undoing all that damage, and making America great again, in the process.
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