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Tariffs on importers from China going to 25% Friday, apparently
Posted on 5/5/19 at 11:40 am
Posted on 5/5/19 at 11:40 am
LINK
in other news, the guy still thinks China pays them.
also, i wonder if this means the negotiations aren't going so well after all these delays
in other news, the guy still thinks China pays them.
also, i wonder if this means the negotiations aren't going so well after all these delays
quote:
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday.
This post was edited on 5/5/19 at 11:41 am
22
Posted on 5/5/19 at 11:41 am to 90proofprofessional
Economy is balls to the wall presently. What's the downside?
Posted on 5/5/19 at 11:43 am to Homesick Tiger
(no message)
This post was edited on 1/10/21 at 3:51 pm
Posted on 5/5/19 at 11:43 am to 90proofprofessional
Should be no big deal since Dumb Joe says China isn’t an economic power or rival
Posted on 5/5/19 at 11:44 am to Homesick Tiger
quote:
What's the downside?
It's a de facto tax on American citizens
Posted on 5/5/19 at 11:44 am to 90proofprofessional
Why you choose to melt over something that barely if at all affects your pocketbook is bizarre to me
During times of economic expansion is exactly when you should do something like this, because you can afford a little more costs
During times of economic expansion is exactly when you should do something like this, because you can afford a little more costs
This post was edited on 5/5/19 at 11:47 am
Posted on 5/5/19 at 11:47 am to RogerTheShrubber
quote:
It's a de facto tax on American citizens
Doesn't seem to have an adverse effect on the economy. Now you can say that the economy would be doing even better without the tariffs but that is speculation.
Posted on 5/5/19 at 11:48 am to RogerTheShrubber
quote:
It's a de facto tax on American citizens
There are lots of actual taxes on Americans too. Why are tariffs worse than regular taxes?
Posted on 5/5/19 at 11:49 am to RogerTheShrubber
quote:
It's a de facto tax on American citizens
You have to look longer term. The state of the American economy and Chinese economy at present gives us a unique opportunity to balance trade long term with minimum impact at the retail point of sale. It also brings manufacturing back onshore to reduce dependence on China tomorrow. Great move here.
Posted on 5/5/19 at 11:50 am to 90proofprofessional
Interesting that this coincides with Kim's temper tantrum. I think this goes deeper than the economics.
Posted on 5/5/19 at 11:52 am to 90proofprofessional
Tariffs baby hit em hard! Also lower the fed rate and watch America soar and China crash. Trust DJT!
Posted on 5/5/19 at 11:53 am to 90proofprofessional
Damn...
It’s as if trump is actually caring about the unfair trade situation that China has taken advantage of for all these years.
It’s as if trump is actually caring about the unfair trade situation that China has taken advantage of for all these years.
Posted on 5/5/19 at 11:59 am to RogerTheShrubber
So let's put it all in perspective..
1- More Americans have jobs that more than offset the tariff costs to them in one day of work.
2- Wage growth has offset in a days work the cost of the tariffs
3- Trump cut taxes that completely wipe out the cost of the Tariffs making points 1 and 2 really mute.
4- All the while it's not hurting the US citizen, but it is hurting China who has over extended themselves and we will win due to it... thus leveling the playing field and the economy will once again soar.
Literally, all you have in your complaint is it's a tax to the American people that they don't see because they have more money in their pockets WITH THEM than they did over the past 10 years without them...
1- More Americans have jobs that more than offset the tariff costs to them in one day of work.
2- Wage growth has offset in a days work the cost of the tariffs
3- Trump cut taxes that completely wipe out the cost of the Tariffs making points 1 and 2 really mute.
4- All the while it's not hurting the US citizen, but it is hurting China who has over extended themselves and we will win due to it... thus leveling the playing field and the economy will once again soar.
Literally, all you have in your complaint is it's a tax to the American people that they don't see because they have more money in their pockets WITH THEM than they did over the past 10 years without them...
Posted on 5/5/19 at 12:00 pm to 90proofprofessional
quote:
also, i wonder if this means the negotiations aren't going so well after all these delays
China doesn't release a lot of pure data but it's estimated that right now their debt is around 300% of their GDP. What isn't speculation though is their government is pushing banks to do more lending to stave off economic woes that are largely being brought on by this trade war. TL;DR: the longer this goes on and the more Trump tightens the tariff screws, the more likely it will be that China finally gives in.
The Chinese aren't stupid though, they are probably banking on Trump not winning re-election so they are waiting on signing anything meaningful until they have a better idea which way the 2020 election will go. The problem for them is they run a high risk of the impact coming in faster than they planned (ie: prior to 2020).
Posted on 5/5/19 at 12:01 pm to 90proofprofessional
quote:
Tariffs on importers from China going to 25% Friday, apparently
You like being bent over and entered anally by China ?
Posted on 5/5/19 at 12:02 pm to RogerTheShrubber
quote:quote:
What's the downside?
It's a de facto tax on American citizens
That's like saying the pain of getting a Tetanus shot is the downside to not getting Tetanus after stepping on a rusty nail.
Posted on 5/5/19 at 12:03 pm to 90proofprofessional
A deal is supposed to be done by Friday.
Trump is likely just reminding them he is standing by his deadline of increasing the already announced tariffs, should the Chinese not make an agreement by end of the week.
And no, the data is clearly showing the tariffs are hurting the Chinese economy much worse than they are ours, but good game.
Trump is likely just reminding them he is standing by his deadline of increasing the already announced tariffs, should the Chinese not make an agreement by end of the week.
And no, the data is clearly showing the tariffs are hurting the Chinese economy much worse than they are ours, but good game.
Posted on 5/5/19 at 12:06 pm to Shepherd88
Our Anti Trumper didn't finish what Trump stated...
So they are trying to back out of the deal or wiggle...
quote:
....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!
So they are trying to back out of the deal or wiggle...
Posted on 5/5/19 at 12:06 pm to Shepherd88
quote:
Trump is likely just reminding them he is standing by his deadline of increasing the already announced tariffs, should the Chinese not make an agreement by end of the week.
That's one thing I think a lot of people have a hard time grasping about Trump: he doesn't bluff. If he says "this deal means that x will happen if you don't do y by date z" then he's not going to accept any excuses as to why you didn't hold up your end of the deal. This is very un-politician-like.
Posted on 5/5/19 at 12:08 pm to Bard
quote:
That's like saying the pain of getting a Tetanus shot is the downside to not getting Tetanus after stepping on a rusty nail.
Ridiculous analogy
Who is ultimately paying for these tariffs?
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