I wonder if the MAGAts are “bored of [sic] winning” yet.
The bottom line is that the only people who this helps are the 1%, and they too are getting hit by the tariffs but the tax cut more than makes up for it. Winning is the best 
But everyone will be more than happy to pay this “Tax” of a couple of hundred dollars on their big screen TeeVees and Cellphones because MAGA
AMIRITE?
Clinton sold all USA industry down the tube and it moved to China where it makes more profit. The USA no longer has much to sell China anymore because it’s all made there! This is the consequence of Clinton’s NAFTA’s and dissolution of Graham - Staley Regulations enabling USA industry to make its profits and goods elsewhere, and avoids all USA regulations and taxes. This is the price the USA pays for gutting its industrial base - internal collapse of society.
So much winning!
High tariffs are a scam to destroy the profitability of U.S. farms and businesses, and then force them to be sold to the wealthy oligarchs at distressed prices.
Once the farms and businesses are sold at distressed bargain prices or foreclosed, the tariffs can be lowered or removed to make the businesses solvent and viable again.
This is a huge huge scam to shift even more wealth to the ruling oligarchs.
Are perfectly legal and Constitutional. Nothing we can do.
“The administration is targeting a bewildering variety of products — from sockeye salmon to baseball gloves to bamboo mats — forcing U.S. companies to scramble for suppliers outside China, absorb the import taxes or pass along the cost to their customers.”
Much of our trade deficit with China is due to American companies sending product designs and often materials to China for manufacturing a finished product. American labor is cut out. I believe the full value of the finished product is marked under the Chinese column of deficit tracking. So a large portion of our Chinese deficit is due to American companies squeezing out American labor. When walking through the big box retailers, you find Made In China stickers on American companies’ products, but you don’t see any product labeled or sold by Chinese companies. We are completely missing the root issues with this tariff nonsense.
The ten percent tariff is no big deal and won’t make a lot of difference. From Slate:
Here’s a little back-of-the-envelope math to illustrate the point: Say you manage an American company that buys widgets from Shenzen, and each widget costs 100 yuan. In April, when one buck bought 6.28 yuan, that widget would have run you $15.92. Today, with the dollar trading at about 6.87 yuan, it would cost you $14.55. Trump’s 10 percent tariff would add $1.46 to the price, for a final tally of $16.01. The widget only ends up 0.5 percent more expensive than it would have been earlier this year.
The 25 percent hike January 1st, 2019 will be different though. Trump is basically looking at tariffs as a revenue enhancing gimmick. We have collected about 22 billion since they went into effect earlier this year. Thing is, China is not paying the tariffs as Trump claimed. US businesses who import the products are. That cost will be passed on.
… putting profit above all else at the expense of the workers, who are viewed as a disposable commodity. The economy will fail as a result of the workers not making enough to buy the products the companies are selling.
See: https://www.npr.org/2014/01/27/267145552/the-middle-class-took-off-100-years-ago-thanks-to-henry-ford
What we do is VOTE! Vote early, vote often. Take your family, take your friends, take your neighbors, take your dogs. VOTEVOTEVOTEVOTEVOTE
I’d like to nominate a few things for tariffs:
Carnival, county fair and arcade prizes: 64,000%
Flea market “designer” sunglasses: 12,000%
Gas station pocket knives: 21,000%
Assembly instruction manuals: $50 per page
Telephone service and tech support: $100 per call
Yes. For sure. And patriotic Americans everywhere, concerned about shuttered industries and lost American jobs, spend much time and energy making sure they resist by buying only American made products. Period. Total avoidance of any “Made in China” labels. I’m sure you haven’t sold out any fellow Americans by buying Chinese made goods, right?
and if you don’t have a dog , go to a shelter and get one
Well said
People love their cheap shit from China So do companies
That’s where the profit is the cheap components and Chinese hands putting them together
These wingnuts and ultra-nationalists that bellyache about Chinese goods crack me up. We wouldn’t need tariffs if no one bought Chinese goods. Yes, some items would become temporarily unavailable, like televisions. But if no one bought televisions a manufacturer would step up and start making them here, seeing a large unfulfilled market of people going without them due to their refusal to buy them from Chinese manufacturers. Repeat for all the stuff we buy. It’s a stupid approach to commerce and economics, but if you’re truly outraged by China allegedly scuttling our manufacturing base put your money where your mouth is. Don’t buy Chinese goods. Enjoy the decades long adjustment period when you’re paying $10.00 for a simple t-shirt, double for your home electronics and you’re updating your cell phone once every 8 years or so. But I’m sure we can make America 1956 again if we all pull together. Just imagine, as an added bonus some of us can have exclusive use of the front of the bus again!!
Pain is Trump’s favorite way of ruling his country.
Even those who support him will claim this is the best way to go.
Trump references tariffs as a revenue stream for the Treasury. As if a container ship docks in Seattle and has $50 million in goods on it, pre-tariff costs to the companies buying the various products within. Trump wants the public to believe that now, somehow, someone (China? The buyers of the goods?) is cutting a check to the Treasury for $5 million, and in a few weeks will be cutting a check for $12.5 million (25%) for the same ship full of products. Maybe my understanding of tariffs is faulty, but I don’t thing China or the American buyers of their goods are sending the tariff surcharges to our Treasury.
Market prices are American businesspeople’s best guesses what they can charge. Production costs are either less, or they aren’t. American businesspeople will drop a product quicker than a fat kid on a seesaw, well before the price sinks to its marginal cost of production. There’s no money in it!
Classical economics is the business caste’s morality play, in their efforts to seek power for themselves. It’s not an accurate description of the world at all. American businesspeople should be held accountable for their guesses, not treated as if their price hikes and sourcing decisions are any sort of inevitability beyond their control. Nobody studies the issues more intently than they, and they make their decisions on purpose.
Yes, the government does collect the tariffs. They are paid by those who import the product into the US.
Added:
After the 25% tariffs on washing machines earlier this year, there was an immediate retail spike of 17%.
I would imagine when LG and Samsung make their machines in the US, their factories will be newer and more efficient than Whirlpools’s so they will be able to take more market share away. They will also get plenty of tax incentives wherever they build their factories in the South. More jobs will be cut at Whirlpool. Winning.