Taxes are mostly on the consumer. The washing machine tariffs caused retail prices to spike immediately. I added the article explaining that process to my previous comment. .
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P*resident Fartspray just gotta go poke the dragon. FSM only knows why. Ghyna has many ways to deal with dragon molesters.
That’s a nice denuclearization deal you got there with NK. What a shame if somthng happened to it…
Chinese tourists just love the United States. Until they are not allowed to go there and spend billions and billions on hotels, theme parks and all that tourist factory stuff.
They might devalue their currency and keep the price of the goods down that way. Or do something with the trillion dollars of U.S. debt they own. Or form reliable trade agreements with nations that have stable leadership. And so on. There are many options to consider, and we haven’t even started on the reasons for their strategy.
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True, but if the Treasury charges Kenmore a 25% tariff on an imported washing machine, and they pass that cost through to the consumer on the sale price, I think the consumer could be very easily convinced he just effectively paid a sales tax on his washing machine. Dems should go at this more from that angle than they are I think, that’s my take.
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Those new more efficient factories will likely use a lot of the robotic and AI technology that the Chinese are so very interested in. So along with the incentives the States will offer Samsung, et al. to build those new factories, their products will use a lot less of the local labor than Whirlpool. It would be hilarious if Wyle E. Coyote, Genius, just blew himself up.
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I don’t know why they didn’t bring that up with some special elections in the red states. After all, it affects all consumers. It’s not a partisan issue.
Maybe the end game is to destroy union jobs at Whirlpool.
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Dems could screw up the proverbial wet dream when it comes to campaigning and winning elections. I understand wanting to take the high road, and being transparent and honest in your claims and ads, but bringing a knife to a gunfight seldom ends well.
go to any store in AMERICA and learn just how many goods are made in CHINA…Its going to get interesting when XMAS rolls around and the price of toys, etc. ‘made in CHINA’ cost more than parents can afford, this will hit the MAGAers the hardest, they will either go into massive debt or do without…of course…DOTARD doesn’t realize that the rest of the world does business with CHINA…with no tariffs on goods OR farm products…this will work out really well for CANADA., SOUTH AMERICA, AUSTRALIA etc… TRUMPf is a ‘real-estate’ salesman…that’s all he knows and apparently he didn’t even do that well.
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CLINTON didn’t force any AMERICAN business to close down here and move their manufacturing to CHINA or other SE AISIAN countries…those companies went to where they could make the most profit…do you remember when WALMART opened they were going to sell 'made in AMERICA ’ goods. exclusively… hahahahaa.
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Trump is a professional misogynist, racist and liar. That’s all Trump is.
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am an old timey DEMOCRAT… am so disgusted with the current crop’s dumb’lets be nice’ nonsense…the bad thing about the ‘HIGH ROAD’ is that its so easy to fall off of…DEMOCRATS do have a tendency to bring a wet noodle to a slug -fest.
The 1% are gonna feel it as well. With the added pain, they will be pinched as the economy contracts.
Minor, but important correction in your Clinton rant. It actually was President George H.W. Bush’s NAFTA. Clinton just signed it, but Bush made it legal. All of this happened long before the 70’s when the gutting began and America decided to be a consumer rather than a builder of things. Sorry to fuck up your rant, but read some history before you jump in.
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I’ve made this point at least once here. Republicans supplied all the ingredients for the NAFTA cake and baked it. Clinton merely applied the frosting they supplied…
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More than made up for by the already passed tax cuts… the proposed Capital Gains cut will be the icing on the cake… IMO they are VERY happy
Trump announces his tariffs and ordinary Americans are hurt. China responds with tariffs of their own. Ordinary Americans are hurt.
Would somebody explain just how Trump’s trade war is helping ordinary Americans.
Great recitation of the right wing talking points that have made several talking heads on hate radio rich. Sadly the rant is about as factual as anything Trump might say on a given day. While Clinton was a supporter, NAFTA was negotiated during the George H.W. Bush presidency. The gutting of the American industrial base came much earlier. The decline of the American economy was the work of a full generation of Republican business leaders who hated organized labor and knew how to get workers on the cheap. .
By the way we aren’t the first nation to adopt the financial/consumer strategy. The Netherlands tried the same thing back during the end of the 18th and beginning of the 19th centuries. It lead to prosperity for about a generation and then collapse as the world financial capital moved to London and then New York.
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The coolest thing about this article is that it has given me great pleasure to discover that Country Joe McDonald is not only still alive and kicking, but writing for my favorite political blog website. It can’t be too long now before he really pisses off Donald Trump.
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If China retaliates for the latest U.S. duties, Trump threatened Monday to add a further $267 billion in Chinese imports to the target list. That would raise the total affected by U.S. penalties to $517 billion — covering nearly everything China sells the United States.
Would I be remiss in assuming that the sole reason for the “nearly” qualifier is that the only Chinese goods which would be exempt from the tariffs are those which are imported by Ivanka’s businesses?
Gosh, you had me going there for a while, you sly dog.
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