Trump's trade war could take a gigantic bite out of the US economy

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
President Donald Trump's trade policy could cost American households thousands of dollars next year, according to a study released Tuesday.

The report, authored by Terrie Walmsley and Peter Minor and sponsored by the pro-free-trade Koch Industries, concluded that Trump's threats to boost tariffs on Chinese products, impose tariffs on auto imports, and continue tariffs on steel and aluminum could take a major chunk out of the economy.

"A stated goal of the US administration's trade policy is to strengthen the US economy," the authors wrote. "The findings in this report indicate that the administration's trade actions could be potentially costly and reduce economic growth."

The reasoning behind the economic slowdown is fairly simple. Tariffs act as taxes on goods coming into the US, making items hit with the restrictions more expensive. While this makes US-made goods cheaper by comparison, it also drives up costs for American businesses and consumers.


https://www.businessinsider.com/tru...iff-impact-on-economy-household-study-2018-11
 
You know the world is upside down when you have liberals agreeing with the Koch Brothers on free trade. My how things can change so quickly.
 
cawacko said:
No sh*t Sherlock. Do you think tariffs come from someone who is for it?

Let me guess, you all of a sudden found religion and believe in free trade now too?
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Don't you require a scent of proof that I did not before you make such a brash statement? A tariff is a tax on consumers. What you buy costs more. Trump is costing Americans money and he is not smart enough to understand the complexities of tariffs and international trade. He think bullying, like he did in NYC, works everywhere.
Free trade never existed. The collage of trade mechanisms and deals that we have, made us a financial power. Trump will bluster into the middle and make a mess.
 
Nordberg said:
Don't you require a scent of proof that I did not before you make such a brash statement? A tariff is a tax on consumers. What you buy costs more. Trump is costing Americans money and he is not smart enough to understand the complexities of tariffs and international trade. He think bullying, like he did in NYC, works everywhere.
Free trade never existed. The collage of trade mechanisms and deals that we have, made us a financial power. Trump will bluster into the middle and make a mess.
Click to expand...

Again captain obvious, Trump does not support free trade and tariffs are bad. We all know this. You don't need to repeat it.

So you supported NAFTA, CAFTA and our other trade deals even though most unions and many liberals didn't?
 
tariffs allow more americans to have actual jobs. some prices may go up, but what do you want, human slavery?
 
guno said:
President Donald Trump's trade policy could cost American households thousands of dollars next year, according to a study released Tuesday.

The report, authored by Terrie Walmsley and Peter Minor and sponsored by the pro-free-trade Koch Industries, concluded that Trump's threats to boost tariffs on Chinese products, impose tariffs on auto imports, and continue tariffs on steel and aluminum could take a major chunk out of the economy.

"A stated goal of the US administration's trade policy is to strengthen the US economy," the authors wrote. "The findings in this report indicate that the administration's trade actions could be potentially costly and reduce economic growth."

The reasoning behind the economic slowdown is fairly simple. Tariffs act as taxes on goods coming into the US, making items hit with the restrictions more expensive. While this makes US-made goods cheaper by comparison, it also drives up costs for American businesses and consumers.


https://www.businessinsider.com/tru...iff-impact-on-economy-household-study-2018-11
Click to expand...

Oh, it could? That means it also couldn’t.
 
katzgar said:
you need to join reality. https://www.businessinsider.com/trump-china-trade-war-all-the-industries-hurt-by-us-tariffs-2018-11
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So is this reality to you, the one shared by your buddy Cypress in 2007?


"""You think this was an accident, or somehow all unintentional?

This was exactly what the wall street republicans, and corporate-sponsored Dems had in mind when the passed NAFTA, WTO, and China MFN.

A downward pressure on labor costs and wages in the United States.

People like Cawacko, Damocles, and Stuperfreak actually bought into the nonsense that William F Buckley, Ronald Reagan, George Bush, and Alan Greenspan were actually valiantly trying to improve the status, power, and wage potential of america's working middle class. Is it possible to be any more foolish that to believe scions of the conservative movement and america's rich investor were invested in improving the power and status of Joe and Jane working class american?"""


https://www.justplainpolitics.com/s...t-2-3-million-U-S-jobs-report&highlight=china
 
cawacko said:
Again captain obvious, Trump does not support free trade and tariffs are bad. We all know this. You don't need to repeat it.

So you supported NAFTA, CAFTA and our other trade deals even though most unions and many liberals didn't?
Click to expand...

NAFTA has brought millions of jobs to the US. It actually was beneficial to all players.
 
cawacko said:
Then you're one of the rare liberals that supported it. Or according to Cypress makes you a corporate Dem.
Click to expand...

Trade deals make sense. Most libs had little to say about NAFTA when it was started. Perot was the one who said trade deals would result in our labor being cheaper and jobs would move out.
 
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