Of all the shiny objects that Trump and his lackeys throw out for the news to digest…tariffs is the biggest one for his supporters and our economy…….
I heard a report that advisers in the Whote House aren scrambling to explain the markets to this president…..
A “really smart person” and a graduate of the Wharton School of Business (the second most prestigious school of business) needs someone to explain the economics? Did he sleep through that class at Wharton?
Let me help his supporters for they are wrapping themselves around a LIE.
How simple can I go?
A tariff is a TAX……how’s that for simple?
A tariff is a tax on goods coming into or leaving a country. That tax might be an ad valorem tax, which is a fixed percentage of the product’s price from time to time, or a specific tax that stays the same no matter what happens to the product’s price. Either way, the aim of import tariffs is to stop cheap goods from coming into the country from overseas and stealing market share of domestic producers. In this sense, tariffs are a form of protectionism, imposed to save industries that are especially vulnerable to competition from overseas.
I have tried to make it simple for people to understand tariffs and their results……
I am not so sure that Trump economic policies were the result of Trump economics……tariffs are proof for me…..they will bring the “surging” economy to a screeching halt.
Stupid is as stupid does!
A couple of idiotic statements from this group of mental midgets……
As the US-China trade war continues to rage, President Trump is not only defending the hugely disruptive effect it is having on the global economy, but promising that the “great patriot farmers” of America would reap the rewards when the US ultimately won the trade war.
Trump promised that the US government would compensate farmers for any losses they suffer from the tariffs, and suggested China would pay for that compensation in the form of the higher tariffs they are paying for the US allowing them “to do business with us.”
Trump’s promises to the farmers are likely driven by the political reality of the situation. Farmers heavily backed Trump’s election, and the trade war has heavily hurt their exports to China, as retaliatory sanctions have left them increasingly noncompetitive on the market.
Sen. Tom Cotton (R-AR) was a lot more comfortable with US farmers suffering in the trade war. Cotton insisted the hardship for them was “minimal,” and that China would suffer more than America would, suggesting that made it worth it.
Cotton further said that the hardships borne by American farmers was nothing compared to the sacrifices made by US soldiers in various wars overseas.
Very smart? MY ASS!
Trump’s lie that this is just a squabble with China seem to have soothed the feathers of Wall Street……markets are a bit more stable…..
Maybe he is smart….smart enough to know that a LIE will tamp down any opposition to Trump’s mash up with China.