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re: Trump's section 301 tariffs were successful. The data proves it.
Posted on 3/11/24 at 8:18 am to SDVTiger
Posted on 3/11/24 at 8:18 am to SDVTiger
quote:
How much more did we pay on daily used goods cause of tariff taxes by mean old orange man
Did you read the article? The very article argues the price difference had nothing to do with tariffs and was due to "currency devaluation"
This is the same "currency manipulation" Trump ran on...in 2016.
Here is an actual data-driven analysis of the GDP impact from the tariffs.
quote:
We estimate the retaliatory tariffs will reduce U.S. GDP by 0.04 percent ($9.4 billion) and reduce full-time employment by 29,000 full-time equivalent jobs. Unlike the tariffs imposed by the United States, which raise federal revenue, tariffs imposed by foreign jurisdictions raise no revenue for the U.S. but result in lower U.S. output.
Or we can listen to Thomas Sowell....what does he know?
quote:
What about the view by President Trump that other countries are ripping us off by running trade surpluses?
quote:
It’s pathetic. The very phrase “trade surpluses” gives half a story. There are countries that supply mainly goods, physical goods, and there are other things like services that other countries provide, and the United States gets a lot of money from providing services. To talk about one part of the trading and ignore the other part fails to understand that money is money no matter whether it’s from goods or services.
When you set off a trade war, like any other war, you have no idea how that’s going to end. You’re going to be blindsided by all kinds of consequences. You do not make America great again by raising the price to Americans, which is what a tariff does.
LINK
Posted on 3/11/24 at 8:20 am to SlowFlowPro
Still cant answer a simple question
Moment is right. This TDS is getting old and stale around here
Moment is right. This TDS is getting old and stale around here
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