Come on don't act dumb You're far better than that ,,,Many ,all day long on TV in the papers ,smart men and ladies with great reputations
i don't have the time to get this deep into all the conversations going on over this and other topics. thats why i come in here.
so do you or do you not know the answer to your own question?
No but I've heard many ,,,,and any person not blind or deaf would have heard them too Maybe you can remember what happened the last time we had a tariff war?
do you want to talk about issues, eddie, or bat a ball back and forth with nothing being resolved? let me know now cause if this is just a one way street to you being right i'm gonna stop the bus and walk elsewhere now.
Tariffs a dead end
The last American 'trade war' didn't work out so great
By
Chris Cillizza, CNN Editor-at-large
Updated 9:37 AM ET, Fri July 6, 2018
View attachment 207962
This is what a trade war looks like[/paste:font]
New tariffs could increase price of beer
View attachment 207963
White House announces tariffs on US allies
View attachment 207964
Watch what Trudeau said that made Trump angry
Trump on Trudeau: Very dishonest and weak
Trudeau says retaliation against US necessary
NAFTA explained
Schultz: Tariffs on China won't help US jobs
Trump: You don't have a country without steel
Trump: Working toward zero tariffs with EU
Trump's trade war threatens Midwest farmers
China is hitting the US where it hurts: Soybeans
Can the US win a trade war with China?
China is killing my business. Now tariffs are too
CNN analyst: US allies are freaked out
Trump has 'terrible' phone call with Macron
This is what a trade war looks like
New tariffs could increase price of beer
White House announces tariffs on US allies
Watch what Trudeau said that made Trump angry
Trump on Trudeau: Very dishonest and weak
Trudeau says retaliation against US necessary
NAFTA explained
Schultz: Tariffs on China won't help US jobs
Trump: You don't have a country without steel
Trump: Working toward zero tariffs with EU
Trump's trade war threatens Midwest farmers
China is hitting the US where it hurts: Soybeans
[paste:font size="4"]"the biggest trade war in economic history." Trump has promised to impose $16 billion in further China tariffs later this summer and has openly speculated about tariffs totaling hundreds of millions of dollars before all is said and done.
What's the theory behind Trump's case? And what's the history of starting just these sort of trade wars? A few months back I reached out to Patrick Gillespie, an economics reporter for CNNMoney, to get some answers.
Our conversation, conducted via email and lightly edited for context, is below.
Cillizza: Let's start with Trump's tweet that "trade wars are good, and easy to win." How much basis in fact is there for that claim?
Gillespie: America's last trade war exacerbated the Great Depression in the 1930s, when unemployment rose to 25%. Claiming it was protecting American jobs, Congress passed the Smoot-Hawley Act in 1930. The original bill was meant to protect farmers. But to build political support, many lawmakers asked for tariffs -- or taxes -- on all sorts of goods in exchange for their vote.
Several nations, such as Canada, slapped steep tariffs -- or taxes -- on US goods shipped and sold abroad. For example, US exports of eggs to Canada fell to 7,900 in 1932 from 919,000 in 1929, according to Doug Irwin, a Dartmouth professor and former trade adviser to President Reagan.
The result: US imports fell 40% in the two years after Smoot-Hawley. Banks shuttered. Unemployment shot up. Surely, there were a litany of factors at play. But economists widely agree Smoot-Hawley made the Great Depression much worse than otherwise.
In 2016, I asked Trump's trade adviser Peter Navarro whether Trump's trade policies would start a trade war akin to Smoot-Hawley. He told me "there are no similarities at all." He added that Smoot-Hawley was a "protectionist" tariff -- that is, it fired the first shot in the war. Navarro argued that trade has been unfair for decades. Trump's tariffs would be "defensive."
A good gut check came from New York Federal Reserve President William Dudley -- currently the No. 2 in rank at America's central bank. In a Thursday speech (before Trump's tariffs), Dudley said tariffs and other trade barriers are a "dead end" and "destructive."
Cillizza: Trump's decision on steel and aluminum tariffs seem to catch his administration by surprise. Why?
Gillespie: Trump's rhetoric on trade has been mainly pointed toward China. But these tariffs would hit our top allies harder than China. A key part of the surprise is that Trump made no reference to something called exemptions. Usually in a trade measure like this, the US president would announce the tariffs, but say they don't apply to Canada, Mexico and other allies. But as of now, no countries have been exempted from the tariffs. President George W. Bush last applied sweeping steel tariffs in 2002, but he exempted Canada and Mexico because the US has a critical trade agreement with them, NAFTA. (Those tariffs were dropped a year later when the World Trade Organization ruled them illegal.)
U.S. Workers Get Biggest Pay Increase in Nearly a Decade
not too long ago there were anti-trump posts talking about how wages have not increased.
gonna need to redo that occupydemocrats.org powerpoint slide now.
So?
Sure, average pay rise over the last 12 months was 2.8%.
But the inflation rate is now up to 2.9%.
US Inflation Rate at 2.9% in June, Highest in 6 Years - Live Trading News
And it has risen over 70% in the last year.
United States Inflation Rate | 1914-2018 | Data | Chart | Calendar
That means the average pay rise is NOT keeping pace with inflation.
That is BAD news.
i never said it was keeping up and i never again said this was the coup de grace as people are trying to make it out to be. it's a positive step i hope we continue. if you and others insist on whipping your dicks out and peeing on the parade, go ahead. but it speaks more of you than us.
I did not say you said it was keeping up. And I am not 'pissing' on anything...that fact you look at the posting of statistics and commenting on those stats is 'pissing' on them shows your bias.
I welcome all statistics. But you only seem to welcome those which are 'good news' and 'happy'.
One must keep an open mind about the economy at all times - that is why I am an independent. I am simply pointing out facts and commenting on those facts.
The fact is that - according to government statistics - the inflation rate is rising faster than average American wages.
That is bad news...I don't anyone who is sane and understands macroeconomics who would assume it was not.
and i think my listening to others viewpoints on this and appreciating them says otherwise.
have a day.
CNN Poll: Americans don't support Trump's tariffs or foreign policy ...
CNN Poll: Americans don't support Trump's tariffs or foreign policy - CNNPolitics
Jun 21, 2018 - Six-in-10 Americans would rather maintain good relationships with countries that have been close allies to the US than impose tariffs to protect ...
Poll: Few voters think tariffs will help U.S. economy - POLITICO
Poll: Few voters think tariffs will help U.S. economy
Jun 6, 2018 - Voters are split on imposing tariffs on steel and aluminum imported from the European Union, Canada and Mexico, according to a new POLITICO/Morning Consult poll. ... The Trump administration announced last Thursday that it would impose a 10 percent tariff on aluminum and a 25 percent ...
Poll: Voters don't agree with Trump's focus on tariffs - Politico
Poll: Voters don't agree with Trump's focus on tariffs
Jun 1, 2018 - Poll: Voters don't agree with Trump's focus on tariffs. ... The vast majority of voters want President Donald Trump to focus on negotiating new trade agreements rather than imposing new tariffs, a new POLITICO/Morning Consult poll says. ... On the campaign trail, Trump blasted the U.S. ...