Trump's 25% on Chinese goods will hurt American Consumers.

[szechuan]

Have Fun seeing Price Increases on everyday Common Goods when Prices when there are so many people in American struggling.

Trump's on his way to Bankrupt Working Class Americans one step at a time. We may also potentially see price increases on Game Consoles etc...

"However, with tariffs now scaled up to 25 percent, firms will inevitably pass on some or all of the increase to U.S. consumers," de Bolle said. "That means that U.S. consumers could in some cases pay 25 percent more for a given good than they did before."
https://www.politifact.com/truth-o-m...er-us-consume/

But Trump has left his second tariff threat hanging, and it's unclear when he will finalize adding new levies on the remaining Chinese goods he has yet to tax. The move would hit most consumer electronics, toys, and shoes that come from China -- but a formal federal review process would have to take place before new tariffs take effect.
https://www.cnn.com/2019/05/10/econo...ive/index.html

The tariff would affect nearly 6,000 products and parts, including many consumer items such as furniture, clothing, electronics, handbags, luggage, hardware, shampoo, perfume, dishes, bedsheets, bicycles, meat and cereal. New-vehicle prices also could rise as parts from China become more expensive, Bank of America Merrill Lynch auto analyst John Murphy said in a research note Monday.
https://www.usatoday.com/story/money...rs/1123195001/

[Draco-Onis]

Trump will back down and do a face saving deal he needs to get elected again in 2020 to stay out of jail Xi does not.

[PC2]

Well this century is going to be about a rivalry between the US and China. That may necessarily involve sacrificing some conveniences, up until the point that China implements liberal democracy.

[Zan15]

Have Fun seeing Price Increases on everyday Common Goods when Prices when there are so many people in American struggling.

Trump's on his way to Bankrupt Working Class Americans one step at a time. We may also potentially see price increases on Game Consoles etc...

[IMG][/IMG]

I mean its not like this has not happened before and there is no case studies on the impacts of tariffs

2009 tire tariff

https://piie.com/sites/default/files.../pb/pb12-9.pdf
https://www.cbsnews.com/news/what-ta...they-work-out/


Hufbauer and Lowry estimated that the price increase on non-Chinese tire imports added up to $817 million, and U.S. tiremakers' price increase as a result of the tariffs was $295 million. All told, they calculated that each of those 1,200 saved jobs ended up costing $900,000 each. The tariffs did reduce the number of tires Americans bought from China -- but it meant that the U.S. bought more tires from other countries that weren't China -- like Canada, South Korea, Japan, Mexico, and Taiwan, among others.

The Peterson study also estimates that the extra costs had other effects on the U.S. economy. The additional money consumers were spending on tires meant that they weren't spending on other retail items -- and taking over a billion dollars out of the retail sector equated to about 3,700 jobs lost in the retail sector. So overall, with 1,200 tire manufacturing jobs saved and 3,700 retail jobs lost, that's a net loss of around 2,500 jobs.



Before that steel, before that electronics, before that steel again....etc

[PC2]

but it meant that the U.S. bought more tires from other countries that weren't China -- like Canada, South Korea, Japan, Mexico, and Taiwan, among others.

Which is cool, because the US isn't in a geo-political competition with any of those countries.

[PACOX]

It will benefit the top, hurt the bottom, Trump and MSM will claim it as a economic victory until report a week later shows how much it hurt the middle and poor class. By that point another blind fold that promises to fix all the other issues will be in place.

[Zaydin]

Well this century is going to be about a rivalry between the US and China. That may necessarily involve sacrificing some conveniences, up until the point that China implements liberal democracy.

Trump can do no wrong to you cultists, can he?

Lord knows it's baffling that you don't care that he constantly lies to your face, like his lies that China is the one paying his tariffs rather than US companies.

[NED funded]

Two things:

a) Trump is only upping the tariffs as a response to China reneging on most of the agreed terms putting negotiations basically to zero. The CPC started the whole thing here.

b) Projections on jobs lost are the most inaccurate shit ever.

[Felya]

It won’t hit the consumer in a noticeable way immediately... by the time it does, I’m sure there are angry democrats to blame.

[Sunseeker]

On the one hand, yes this will.

On the other hand, constantly outsourcing to China isn't helping either.

Reducing American purchasing power at the expensive of cheap goods doesn't help either.

[DarkTZeratul]

a) Trump is only upping the tariffs because he has no fucking clue how tariffs work

Fixed that for you.

[Felya]

Well this century is going to be about a rivalry between the US and China. That may necessarily involve sacrificing some conveniences, up until the point that China implements liberal democracy.

You know why Trump is 100% to blame and why this is wholly stupid? Notice that despite 2 countries involved, there is only one country in your example that demands and sort of outcome. Why is US trying to make China a liberal democracy, when China isn’t trying to make US communist? Why is it only the US that demands something?

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Trump is only upping the tariffs as a response to China reneging on most of the agreed terms putting negotiations basically to zero. The CPC started the whole thing here.

What agreement are they reneging on?

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On the one hand, yes this will.

On the other hand, constantly outsourcing to China isn't helping either.

Reducing American purchasing power at the expensive of cheap goods doesn't help either.

US unemployment is at 3.6%, while full employment is considered at 4.1%... China has a surplus in production, but 75% of that surplus covers their deficit in service jobs. We are half a percent below full employment, while this trade war is trading project management jobs, for line work. Line work, that even at a 25% pay increase to what China is paying, would still not be wanted by anyone... but, migrants.

This is a picture of suicide nets to stop workers from jumping out of windows. China can keep these jobs:



This is the jobs Trump is fighting for in his trade war. Risking the jobs we have, for the opportunity to install suicide nets.

[PC2]

You know why Trump is 100% to blame and why this is wholly stupid? Notice that despite 2 countries involved, there is only one country in your example that demands and sort of outcome. Why is US trying to make China a liberal democracy, when China isn’t trying to make US communist? Why is it only the US that demands something?

Aside from the fact liberal democracies increase human prosperity, they also heavily reduce the chance of going to war with each other. Democracy would make it so that Chinese people could change their government without violence, which leads to geo-political stability.

[Felya]

Aside from the fact liberal democracies increase human prosperity, they also heavily reduce the chance of going to war with each other. Democracy would make it so that Chinese people could change their government without violence, which leads to geo-political stability.

We are in a Trade War and hostility is rising. This is an objectively stupid way to lessen hostility. You don’t start a trade work, to make friends.

Edit: Also, can we stop spreading this version of democracy, when South America and Middle East are as fucked as they are?

[PC2]

We are in a Trade War and hostility is rising. This is an objectively stupid way to lessen hostility. You don’t start a trade work, to make friends.

Ok well I'm not sure what is the best way to put pressure on China. If not through trade then through something else.

[Felya]

Ok well I'm not sure what is the best way to put pressure on China. If not through trade then through something else.

Why do you need to pressure them? Why can’t we invest these resources on our selfs?

[NED funded]

You know why Trump is 100% to blame and why this is wholly stupid? Notice that despite 2 countries involved, there is only one country in your example that demands and sort of outcome. Why is US trying to make China a liberal democracy, when China isn’t trying to make US communist? Why is it only the US that demands something?

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What agreement are they reneging on?

There were a set of things that after negotiations they supposedly agreed to. But the CPC reneged to most of it.

https://thehill.com/opinion/internat...eal-with-trump

[Felya]

There were a set of things that after negotiations they supposedly agreed to. But the CPC reneged to most of it.

https://thehill.com/opinion/internat...eal-with-trump

But, that talks about him reneging on a deal pushed by Trump. If it were not for Trump, there would be nothing to reneg on.

[Jimmy Woods]

Trump "What do you want?"
Trump supporters "Socialism"
Trump "And who do you want it for?"
Trump supporters "Large Ag-corporations"

My favorite is the dumbass congressman from Kansas on Fox News saying if China doesn't want to buy their crop that's fine with him, the Chinese can enjoy eating their iPhones. When Kansas sends their people to Washington they most definitely aren't sending their best. This is Dan Crenshaw level stupidity, or par for the course with Republicans in the age of Trump. SAD

The problem is we need to do something about China. I think most everyone agrees with that. The problem is who is dumb enough to trust Trump will negotiate a good deal? Especially since Trump lies or is just dumb about the issue. Trump will probably give China whatever they want in return for buying more US goods and the Mouthbreathing MAGAT's will cheer and then in 20 years blame the libtard globalists for letting China steal all our tech and own the global markets.

[Draco-Onis]

Aside from the fact liberal democracies increase human prosperity, they also heavily reduce the chance of going to war with each other. Democracy would make it so that Chinese people could change their government without violence, which leads to geo-political stability.

I think that is very untrue we have already proven it untrue, democracy does not work for every culture or nation we have left nations in ruins due to this obsession of making everyone into a copy of the US. There are far more failures of us doing this than successes so how about we don't do that .