Trade wars are fun, and will have no adverse bigly affect on US taxpayers, manufacturers, farmers, etc., etc. etc.
Is this a new trade war?
It must be, because Iām sure weād have the first easy win by now.
My local woodworking shop is telling its clients that prices of tools are going up 10 - 25% and to buy now. Iām glad the tariffs are having obvious impacts for this group of customers, many of whom could be Trump supporters.
Write another check for $12 billion from the US Treasury (taxpayers) and give it to the coffee, honey and industrial chemical workers affected. Just donāt call it Trump sponsored āwelfareā or āsocialismā.
coffee? where does it grow in the US besides Hawaii? I am good with keeping kona beans in the US.
Youāre ok with paying a 25% Trump tax on your coffee?
Iām not.
Washington imposed 25 percent duties on $34 billion of Chinese goods on July 6.
Not āWashingtonā - a coordinated effort by the executive and legislative branches working with the Federal agencies which deal with trade and the nationās economy - but āDonald Trumpā - acting impulsively on his emotions and ignorance.
While this latest 12 billion dollar bribe to farmers is substantial, we are also loosing jobs here. Who is going to make those right?..Oh yeah, us the US taxpayers. Well played Comrade trump, well played.
Trump could have gotten his allies to side with him over the technology dispute with China, but instead he decided to tie it up with fights he wanted to start with them, so rather than have the world on his side against China, China has the world on its side against the US.
Bingo: prices go up=people donāt spend=people laid off. Billionaires winning bigly!
I hope this wonāt increase the cost of my Ivankatoinette-branded coffin too awfully much.
(h/t @rascal_crone for the graphic)
Heard on NPR: Last day at the Harley-Davidson plant in Kansas City, MO. Womp, womp. So much winning!
China has been around for a while and has learned from a very long history. China plans in terms of decades or centuries. Donnie Boy canāt plan to the end of a sentence.
He often loses his thought in mid word.
Its hard for me to say this, but this trade war is really pushing all of the Kochās buttons, and i sincerely believe that Republicanās loyalty to the Koch political network is stronger than to the Dotard. This could be the tipping point for public opinion to finally flush the Dotard down the toilet.
These are China tariffs- China will be taxing these goods if they are imported to China.
Donāt give Donald any ideas! I need my morning coffee!
Thereās also an irony involved- one of the first major cases of international intellectual property theft was when the British East India Company illegally acquired information on the growth, harvesting and processing of green and black teas from China.
Since the East India Company used this stolen info to create tea plantations in India, it has cost China billions over the centuries.
Thatās why smart nations have diplomats and not reality TV stars negotiating trade pacts - you have to understand where each nation is coming from when you discuss trade issues- and what you might see as clear-cut may look completely different to someone else.
Absolutely correct, but the problem is that no one in the administration knows how to deal with reality. Reality is only for TV shows, not real life.
Maybe this is why those loverly Koch Brothers are mad at Dumbo Don the Con.