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25 percent tariff on all imported goods from China will add 1 million jobs to USA

Posted on 9/3/19 at 10:35 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55377 posts
Posted on 9/3/19 at 10:35 pm
quote:

A permanent 25 percent tariff on all imported goods to the United State from China would create more than one million American jobs by 2024, a new study concludes.

The U.S. could undergo a massive, nationwide reshoring-jobs effort if it imposed a permanent 25 percent tariff on all Chinese imports, Coalition for a Prosperous America (CPA) researchers Jeff Ferry and Steven Byers find in their latest study.

An across-the-board tariff on all Chinese imports — coupled with the impact of Chinese trade retaliation, federal aid for U.S. farmers, and federal investment from tariff revenue — would add about 1.05 million American jobs to the U.S. economy and boost the nation’s GDP by $167 billion by 2024, Ferry and Byers reveal.

“The tariff would stimulate domestic production, beginning with small increases in US manufacturing and escalating over time,” Ferry said in a statement. “The certainty of a permanent tariff would be more effective than today’s tariffs and speed up business decisions to move production out of China, with a portion of that production coming back home.”



LINK
Posted by beebefootballfan
Member since Mar 2011
20402 posts
Posted on 9/3/19 at 10:44 pm to
Tonight at IB Freeman’s house

This post was edited on 9/3/19 at 10:45 pm
Posted by dstone12
Texan
Member since Jan 2007
38570 posts
Posted on 9/3/19 at 10:48 pm to
I
Balked at
First.
Real bad.
Even when
Everything seemed like
Mutual destruction
An alpha emerged.
Now we sit back and win.
Posted by funnystuff
Member since Nov 2012
8950 posts
Posted on 9/3/19 at 10:50 pm to
This...
quote:

25 percent tariff on all imported goods from China
...does not equal this...
quote:

coupled with the impact of Chinese trade retaliation, federal aid for U.S. farmers, and federal investment from tariff revenue
How many of those new jobs are simply a direct result of a massive government expansion spending scheme?



Also, CPA is known for using exceedingly shoddy economic methodology.
Posted by beebefootballfan
Member since Mar 2011
20402 posts
Posted on 9/3/19 at 10:54 pm to
[img]federal aid for U.S. farmers[/img]

Complain all you want but we’re in a war of sorts and when it comes to the food we eat I’ve got no problem throwing some aid at farmers who are suffering because of it. I doubt many of you who complain about the issue have ever spent much time around a farmer. I can say there won’t be a large number of jobs created by any aid. Their running in razor thin margins as it is.

quote:

federal investment from tariff revenue


Take that money China’s paying is and let’s fix the place up a little in their dime. Who cares. It’s an opportunity to improve areas of employment.

Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 9/3/19 at 11:10 pm to
quote:

coupled with the impact of Chinese trade retaliation, federal aid for U.S. farmers, and federal investment from tariff revenue


Posted by scrooster
Resident Ethicist
Member since Jul 2012
42145 posts
Posted on 9/3/19 at 11:13 pm to
I'm more of the mind, when it comes to farmers, that we need to bolster and boost small niche farms rather than enriching these massive farms that rent acreage for ridiculous amounts of money and take massive agricultural tax breaks in the process.

Now before anyone starts busting my balls in defense of farmers understand something.... I'm sitting in my farmhouse right now, with six big chicken houses and 80 acres of hayfield and sixty something head of cattle on the back forty that'll be butchered for the organic market here shortly.

I enjoy my ag tax break on my property, but I own the property I don't lease it at $2k per acre per year and then try to make it work under the thumb of some big land owner trust fund baby who's Grandpappy used to own the land but the grandkids just want the money basically being guaranteed by Uncle Sugar and somebody planting seeds for Monsanto.

We need more small niche organic farms of 500 acres or less growing heirloom seeds and steroid free beef and chicken.

There's more to it than that but anyways, that's just my two cents about farming and farms and how uncle sugar intercedes at every opportunity.

Oh, and frick China.

Also, if anyone really wants to learn and know the whole story about farm policies in this country and why it had better get fixed soon .... let me know and I'll share three great book titles with you that will open your eyes to a monster we've created second in abuse only to The Fed.

Our department of agriculture is completely out of control and under the thumb of big corporate America.
Posted by funnystuff
Member since Nov 2012
8950 posts
Posted on 9/3/19 at 11:30 pm to
I’d like to check the books out.
Posted by funnystuff
Member since Nov 2012
8950 posts
Posted on 9/3/19 at 11:39 pm to
Well that’s an utterly ridiculous reply.

A) I’m not complaining about the trade war; I’m complaining about Breitbart and CPA’s flimsy relationship with honesty. I’m well aware that China is our biggest geopolitical foe and I have no problem confronting them (though I do believe that there are larger issues that need confronting than just the economic ones)

B) I’ve spent plenty of time around farmers. That’s dumb.

C)
quote:

I can say there won’t be a large number of jobs created by any aid.
That claim runs in diametric opposition to the paper you are defending

D)
quote:

Take that money China’s paying is and let’s fix the place up a little in their dime. Who cares. It’s an opportunity to improve areas of employment
If you want to make that argument, fine. Just don’t delude yourself into believing that it’s the tariff creating the new jobs rather than yet another expansion of big government
This post was edited on 9/3/19 at 11:41 pm
Posted by Strophie
Member since Apr 2014
438 posts
Posted on 9/3/19 at 11:42 pm to
quote:

Take that money China’s paying is and let’s fix the place up a little in their dime. Who cares. It’s an opportunity to improve areas of employment.



Pray tell - what money is China paying? Do you mean the increased tax revenue that Americans are paying as a result of the tariffs? Because China doesn't pay a dime.
Posted by funnystuff
Member since Nov 2012
8950 posts
Posted on 9/3/19 at 11:43 pm to
Why did this one get downvoted?
Posted by texridder
The Woodlands, TX
Member since Oct 2017
14936 posts
Posted on 9/3/19 at 11:48 pm to
quote:

CPA is known for using exceedingly shoddy economic methodology.
CPA believes that free trade doesn't work and that America’s trade deficit is its single biggest economic problem.
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8577 posts
Posted on 9/3/19 at 11:58 pm to
quote:

Also, CPA is known for using exceedingly shoddy economic methodology.


Ya think? They're right out of a 1970's labor union commercial.

"Basically, if we set these tariffs up AND (but don't pay attention to this part) subsidize the frick out of every single American industry that is low wage and low value-add, we'll add 1,000,000 new jobs to our economy...but also, don't pay attention to the lack of job growth or maybe even retraction over here where those extra tax dollars are being extracted from high value-add and productive companies to subsidize these shitty jobs."

Bernie would be damn proud.
Posted by Skeezer
Member since Apr 2017
2296 posts
Posted on 9/4/19 at 7:24 am to
Pure stupidity
Posted by member12
Bob's Country Bunker
Member since May 2008
33038 posts
Posted on 9/4/19 at 7:25 am to
I don’t see a way China can win this one.
Posted by Sunbeam
Member since Dec 2016
2612 posts
Posted on 9/4/19 at 7:41 am to
You ever read this:

Farmers of Forty Centuries: Or Permanent Agriculture in China, Korea and Japan (Classic Reprint)

This book was first published in the 30's; I believe the author was from the Oklahoma State Ag Department, and it most likely had something to do with the Roosevelt Administrations policies to deal with the Depression.

(Actually some of that stuff was really valuable even if it seemed like make-work at the time. Just taking a bunch of pictures of old people and recording what they had to say... we'd be poorer now if that never happened.

Rare Footage of Civil War Veterans Doing the Rebel Yell)

But about that book... it's fascinating. You probably aren't going to learn anything that would be helpful with modern farming practices.

But the East Asian small farmer, particularly the Chinese ones, had to be the most efficient farming machines from an economic and energy-use standpoint that have ever lived.

Makes me sad that this is the kind of book that used to come out of Academia compared to what we have now.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 9/4/19 at 7:45 am to
quote:

An across-the-board tariff on all Chinese imports — coupled with the impact of Chinese trade retaliation, federal aid for U.S. farmers, and federal investment from tariff revenue — would add about 1.05 million American jobs to the U.S. economy and boost the nation’s GDP by $167 billion by 2024, Ferry and Byers reveal.


Is this a Bernie Sanders ad?
Posted by Boatshoes
Member since Dec 2017
6775 posts
Posted on 9/4/19 at 7:52 am to
quote:


25 percent tariff on all imported goods from China will add 1 million jobs to USA
I'm more of the mind, when it comes to farmers, that we need to bolster and boost small niche farms rather than enriching these massive farms that rent acreage for ridiculous amounts of money and take massive agricultural tax breaks in the process.

Now before anyone starts busting my balls in defense of farmers understand something.... I'm sitting in my farmhouse right now, with six big chicken houses and 80 acres of hayfield and sixty something head of cattle on the back forty that'll be butchered for the organic market here shortly.

I enjoy my ag tax break on my property, but I own the property I don't lease it at $2k per acre per year and then try to make it work under the thumb of some big land owner trust fund baby who's Grandpappy used to own the land but the grandkids just want the money basically being guaranteed by Uncle Sugar and somebody planting seeds for Monsanto.

We need more small niche organic farms of 500 acres or less growing heirloom seeds and steroid free beef and chicken.

There's more to it than that but anyways, that's just my two cents about farming and farms and how uncle sugar intercedes at every opportunity.

Oh, and frick China.



Absolutely right.



Monsanto and its seed police need to be
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 9/4/19 at 8:01 am to
quote:

Monsanto and its seed police need to be



Who greenlighted the Bayer-Monsanto merger?

Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
6368 posts
Posted on 9/4/19 at 8:04 am to
Lets tax then spend
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