JeclarNoone is denying that some markets and industries are
suffering especially farmers, i was refering to the end game. If china does not
come around like some of the other countries to even out trade deficites with
the U.S. then Trump was wrong in starting a trade war. Also keep in mind the
swine disease in china had killed half of china's hog population that along
with the tariff war has doubly hit soybean a corn markets."The
focus should be superior innovation and implementation, which the US has lead
the world. That would mean supporting "free/subsidizing" education for
all to levels beyond highschool."Sorry not alot of americans
share in socialist ideals for govt sponsored education, socialism is wrong it
does not work and never will. Your suggestion would be to tax everyone for a
service most will never use.
If a man can stop smoking than America can stop trading with China. Say no to
Chinese trade.We don't need communist slave labor to make
hundred dollar shoes.We can make our own stuff!
Sportsfan123 - Herriman, UT---The jury is still out on trumps
policies towards tariffs and international trade only time will tell.---Time has told the effect of these tariffs. Farmers in the
Midwest are seeing shrinking markets for their product in China, whereas other
farm producing countries are seeing a boom. Manufacturing has seen a boom in
moving even more production to regions where the EU and China have not imposed
tariffs.Manufacturing may have increased in certain areas in the US,
but it will never be 'steel', 'coal' or similar industry. It
will be industry that has taken advantage of China's output. These will have a negative impact on the US economy for those in the US who do
not have a large varied and international portfolio, in other words the common
citizen who shops at Walmart.In general trade wars by tariffs
don't work, and will not 'make America Great', either again or
ever.The focus should be on superior innovation and implementation,
which the US has lead the world. But that would mean supporting
'free/subsidized' education for all to levels beyond high school. And
in the business area supporting businesses that are future looking.
Utah blue devilWhen specifically speaking in regards to
manufacturing jobs.... yes my comments are correct.Your comments
regarding overall perspective of jobs are spot on, and yes all presidents have
job creation over their tenure if not that would mean there is no economy, its
the private sector creates the bulk of the jobs, not the government.Its the policies of presidents overall that help the private sector create
those jobs or lose them, for instance the Dodd Frank legislation has had undue
consequences in the job market particularly in the banking and healthcare
industries. For instance Chase bank shut down its entire subprime
auto division sold all of its brick and mortar and merged what was left with the
prime auto division just to comply with demands of the new regulations, wells
fargo is going thru similar changes right now, thousands have lost their jobs in
the process, some would say obama got in his own way of better recovery and
progress because of his policies.The jury is still out on trumps
policies towards tariffs and international trade only time will tell.
It's funny to me that the very people complaining that it's the
American consumer that is paying the tariff's (Which they are), cannot
seem to grasp the concept that it is the same for Corporate taxes. the
additional cost is transfered to the consumer.
Sportsfan123 - your comments aren't all the more "honest" then the
others. When Obama took over we had an economy in contraction. In fact it was
a global economy contraction.... on every measure. Obama had to reverse the job
loss then start building again. Something Trump didn't have to do. At
one time the economy was shedding nearly 800,000 jobs a month during the first
year of Obama.Ben Berneke has said "Job creation would have been
stronger during Obama's term if Congress hadn't passed
sequestration." In his last FOMC meeting, Federal Reserve Chairman Ben
Bernanke noted that these austerity measures forced the government to shed
600,000 jobs in four years. In the prior recovery, the economy added 400,000
jobs during the same period. In contrast to Trump's
comments that he has created more jobs than any President, even Jimmy Carter
created 9.8 million jobs, a 10.9 percent increase. A number as a percentage far
greater then Trump... and everyone thinks that Carter was a terrible president.
Thats 2.9 million a year. Under Clinton the economy added 18 million. And
that's Clinton, whose I voted against? There is a lot of
underserved puffery going on.
Tariffs like walls are Middle Age solutions for a world where a global economy
is what has brought a era of potential bounty for billions.Trump and
Co. are marching in to a sheltered citadel which in the Middle Ages often turned
into a death trap.China can outlast the 'wall of tariffs'
and the Southern US Border Wall will fail to change the conditions that are
leading to refugees feeling their countries to the south.Republicans
have marched lock step with Trump, and the result is farmers in the midwest
going a wanting for markets, and US manufacturers starving for components and
supplies.The only people who will pay in the tariff wars are US
consumers, US industry, and by extension, US workers.
When will they admit that the consurers are the only ones that pay Taxes and
Tariffs. Businesses just pass the cost onto the consumers. All the talk about
Taxing Businesses is a pile of stuff. It is always passed onto the consumer.
SiloRegarding manufacturing jobs."Your claims are
misleading at best".The number of manufacturing jobs when oblama
took office was 12,850 million, in jan 2009 that number dropped to 12,561, and
to your point more jobs lost due to the recession in march of 2010 manufacturing
jobs dropped to 11,453.Yes obama recovered manufacturing jobs over
the course of the remainder of his term to end at a total 12,355 manufacturing
jobs by the end of dec 2016. That is a net loss of 495,000 manufacturing jobs
over the course of obama's 8 years, numbers do not lie obama's
recovery was slow and stagnant.Manufacturing jobs under trump are at
12,834 million still not back up to pre obama numbers of 12,850 million but
trump recovered those jobs in 2 years, it took 6yrs under obama to recover 900
thousand jobs lost from march 2010 to get back to 12,355 that is 150k jobs per
yr under obama.Trump recovered at 239k jobs per yr.Misleading I dont think so, depending on individual perspective, trumps
economy is moving far faster than obama's and he hasnt had significant job
loss yet, and everyone said trump would ruin the economy obama built, that hasnt
@sportsfan123"that is during 2 years of trump america has gained 410
thousand manufacturing jobs which is a significant increase from obama who lost
over 200 thousand in 8 years."Your claim is misleading at best.
Anyone looking at manufacturing job trends can see that manufacturing jobs
plummeted during the first part of Obama's presidency as the result of the
recession. In mid-2009, that plunge was arrested and reversed, to the tune of
hundreds of thousands of jobs more than Trump has created thus far. Any honest
assessment of the manufacturing jobs numbers recognize this fact."Obama said those jobs are never coming back, yet trump proved that
statement wrong."False. That's not what Obama claimed at
all. Obama specifically pointed out that some jobs will return to the US, but
that others will not, no matter what. Obama also stated this in the context of
Trump promising ALL manufacturing jobs would return. Obama was right. Trump
was wrong, and Obama's quote is being intentionally misrepresented, just
like Pelosi's quote was misrepresented. A tactic that works because Trump
supporters won't research accuracy of repeated claims.
At the Utah Republican Convention this month, all elected politicians and party
leaders kept on talking about being the Party of Utah values.I have
never heard any Republican Utahns say that they ever wanted higher taxes.Utahns have some agricultural products but not like the midwestern
states that have been impacted by the prior tariffs and not even the impact of
these new ones. Have we regressed to 1836, 1936?I guess
the book learning in Economics 101 in Pennsylvania was missed in the hippie
season of the 1960s when others filled the draft slots for the rich and famous.
John Kerry, John McCain, Robert Mueller, and thousands served even in the
Reserve and National Guard for our country and national defense as dedicated
citizens.Those are Utah values and a sign of standing up for our
nation. I believe in the Pledge of Allegiance and our country that has
established a motto of give me Liberty or give me Death.
@ cougarbib2,“Net result: Chinese sales drop and China
indirectly pays the cost of tariffs by losing business to competitors or drop
their prices instead of losing business.”This is Trump-speak
and is incorrect. If China were to lose business due to the trade war, it would
still not be “paying” — either directly or indirectly our
imposed tariffs.. A tariff is a tax on the American consumer. The vast
majority of our cell phones, computers, toys and furniture comes from China. I
do not see the American consumer weening itself from these products. We will
simply pay the higher prices.Economists agree that the ultimate
outcome of tariffs is to actually reduce competition which drives prices
higher.Trump’s foreign policy and economic policy are absolute
The donald refused to divest and put his money into a blind trust when elected
like practically every other president (or vice president) ever elected. He has
his sons running his company, if you can believe that. Every time he
rattles his 'I big tough guy, tariffs are coming' sword we see the
markets dive...and rebound after he says 'well we are going to talk to
them'. Does anyone think its possible that he is intentionally
manipulating the markets for his own gain? Is there someone watching the
trading going on? Are his companies (other than the obvious grift of our
tax dollars going to his hotels and golf courses) somehow profiting off the
market volatility that he is creating himself? I sure hope so.
Martha Stewart went to prison for knowing something before others and changing
her investments. It would be the easiest thing in the world to short
the market if you knew the donald was going to rattle the saber two days from
now. Is anyone watching?
I had noticed in an earlier article that Donald Trump Junior chided the two
ladies that had donated/given money to help get their Universities. However,
Wharton electronic documents and the printed program from the University of
Pennsylvania indicates that Donald J Trump was recognized by the University for
being in a group of individuals that donated $1.4 million as his children
attended starting in circa 1995. Donald J Trump was also a noted speaker at
Wharton in the 1985 timeframe on how he was so successful in making money, which
was the timeframe of 1985-1995 when he lost $1.2 billion and paid no taxes for 8
of those ten years. It is interesting to see his $1.4 million to
the University was at the end of his $1.2 billion in losses.
What is the difference between tariffs and trade sanctions that the US routinely
places on other countries? If Americans pay tariffs maybe some type of trade
sanction is a better way to go.
Quote taken out of context, grossly over simplified, and twisted into something
not actually meant.Economists attach a caveat to every economic
principle - "All Other Things Held Constant". If all other things are
held constant, yes, the US buyers ultimately pay the tariffs - Fortunately, all
other things are never held constant.Tariffs were already in place.
Did Americans keep importing the same quantity of the same goods at the higher
price. Of course not. Any economist will tell you that demand is elastic and
demand will drop. They will also tell you alternative suppliers for the same
goods may cost more than Chinese alternatives previously cost, but the cost may
be well below the new cost of Chinese goods that include the tariffs. Bam.
Chinese sales drop.Substitute products can be bought instead of the
original product (wheat bread vs white bread, Mercedes vs Lexus, pizza vs
Mexican food) or that at higher prices, consumer demand will shift to entirely
unrelated products (Alaska cruise instead of Paris vacation).Net
result: Chinese sales drop and China indirectly pays the cost of tariffs by
losing business to competitors or drop their prices instead of losing business.
So is it possible that Trump was admitted to the Wharton School of Business via
the Lori Loughlin method? Given his billion$ of dollars in business loses and
complete lack of knowledge of international trade - I can't help but think
that his admission to that prestigious school was based on something other than
After reading the article and the comments I understand that the American
consumers will be paying the tariffs as a result of Trump’s actions.As a result of Trump’s actions with the Iran embargo the price of
gasoline at the pump will spike. Six oil tankers were damaged yesterday. Four
Saudi and two UAE tankers. (By the way why was this not reported in the Deseret
News?)If more of this sabotage continues look for an impact on our
economy.Food production, processing and transportation all depend on an
available supply of energy. Look to us exporting our domestic
supply of oil to mitigate the impact on our allies furthering our domestic
problems.You elected him. You need to live with his policies
I understand that the Wharton School at the University of Pennsylvania is highly
rated and the Huntsman Family is responsible for being part of that School as
they are at Utah State University and the University of Utah.Wharton’s PhD program in Ethics and Legal Studies is the first doctoral
program of its kind, built on Wharton’s pioneering work in business
ethics. However, our President of the United States of America has
not shown the business acumen that one would expect from a self-proclaim
billionaire.The known bankruptcies and now knowing about $1.2
Billion dollar losses and not paying income taxes for 80% of those years while
getting loans while living a lavish life.The Wharton School has
highly trained and experienced professors with ethics being part of their
lifestyle and expertise in economics and legal implications to all business
transactions. The alumni from all their various classes, teaching, Government
employees with fiduciary responsibilities know the impact and importance of
being honest and true to the law.There are also Alumni from schools
that learn to get around the rules and laws.Hopefully, some around
our Chief Executive will stand for truth.
(con't)... the concerns about intellectual property are real,
as are China's subsidies and policy shift to seek dominance in robotics and
other technology sectors.But those are secondary objectives for
Trump at best, compared to the irrational agitation he can and must foment if he
is to stand a chance at reelection in 2020.
Sportsfan123 "The overall benefit is america will be forced to become self
sufficient again instead of relying on trade from other countries. The U.S.
used to have 22 of the most profitable steel mills in the world, now we only
have 2. "What a horrible idea. Nobody -- not even Donald Trump -- is
suggesting self sufficiency.There are a number of factors as to why
the US used to have 22 of the most profitable steel mills, including a world war
which destroyed much of the manufacturing capability of the industrialized
world. 75 years later, manufacturing is more distributed across more countries
than ever before.A viable economic policy is not "reclaim the
steel manufacturing crown", but rather "be the economic leader
leveraging diversified manufacturing". The whole bit about "bring jobs
back" is just political pandering. Donald Trump is constantly campaigning
for votes. Ignore the campaign banter, and you realize the danger of his
So Trump just raised my taxes. Yes indeed - I am sick of winning.
Trump repeatedly stating the obviously wrong sound bite that "China pays the
tariffs" accomplishes two rhetorical goals: 1) it appeals to the reptilian
part of Americans' brains by defining The Other as a threat, and then 2)
positions Trump as our protector who is punishing The Other by making them
"pay".He used the same rhetorical tactic when agitating his
campaign rallies with promises that "Mexico will pay for The Wall!"The conce
You make an emotional decision and then you spend minutes, days, weeks, months,
years coming up with crazy justifications for making that decision.Fish or cut bait?Fire trump 2020.
Puukko Orem said:"Consumers pay the tariffs? This isn't
news, everyone know this. Who else would pay it? Trump got stuck cleaning up the
mess made by previous presidents. Go Trump 2020"And yet the
donald himself said: “billions of dollars will soon be pouring into our
Treasury from taxes that China is paying for us.”The fact is
that the donald has no idea how any of this works. The only thing trump knows is
how to rile his base up with lies and how to promote himself at all cost.
Exactly. Tariffs are a tax WE pay, not something China pays. This fact is
something the donald demonstrates he doesnt understand every time he talks about
it. And his supporters seem to have no better understanding of that fact than he
Wouldn't it be great if only trump's diehard supporters had to live
with his "policies???"Recovery begins in 2020 if rational
people get control of this Nation.
But, wait. Trump told us, repeatedly, That China has paid billions to the US
Treasury in the past few months, through his tariffs. Even though every
economist, including Trump's own people say it's not true. But. 25-30%
of Americans still believe Trump. same people that don't believe that Trump
somehow managed to bankrupt 2 casinos.
What I'd like to know is how trump's billionaire buddies profit from
his tariff threats...I hope the SEC gets into trump's game and quick!
All of you who making claims of losing manufacturing jobs because of
tariff's and a trade war with china are missing one important fact, that is
during 2 years of trump america has gained 410 thousand manufacturing jobs which
is a significant increase from obama who lost over 200 thousand in 8 years.
Obama said those jobs are never coming back, yet trump proved that statement
wrong.The economy is stronger under trump in two years than in 8
with obama, yes the tariffs hurt and over time will eventually hurt the economy
trump is playing a dangerous game if china does not eventually yield both
countires will pay for it in economic loss. The overall benefit is america will
be forced to become self sufficient again instead of relying on trade from other
countries.The U.S. used to have 22 of the most profitable steel
mills in the world, now we only have 2. The U.S. used to be one of the worlds
largest producers, that all changed when globalist presidents sold
america's jobs and wealth to other countries in global trade deals like
NAFTA.America can become self sufficient again or continue to rely
on other countries, be careful what you wish for unless you want the new world
"Trumps administration has showed more effort to correct our trade deficit
than any other administration."That is absolutely not true.
Other administrations have done plenty just without, the screaming and yelling
and lying. The Obama administration pursued over twenty trade
charges against China at the WTO and won them all. They also tried to get a
Pacific region trade agreement that would have regional countries partnering up,
plus they did inflict tariffs on tires, and that didn't work out so well.
Tariffs aren't "the" answer. Plus as others have said
while trade with China is an issue trade deficits are not the existential
threat Trump tries to make them.
The only solution the left has provided to this decades old on-going problems
with the Chinese intellectual property theft and unfair trade practices is to
surrender to the Chinese. Change takes time and can be painful but in order to
achieve a better result, patience and un-waivering is required. The left's
hatred toward Trump is so intense that the left is cheering for the Chinese -
how insane is that?
Isn't it possible that WE and the Chinese pay the tariffs?They
"counter" with their own tariffs do they not?All
"snideness" aside of course.🤸😀🤸
Trump, a man who allegedly lost $1.2 billion in a ten-year span, too often has
proven he is on the wrong side of the economic ledger. China knows they are
dealing with a yapping, toothless chihuahua who is masquerading as a pit bull.
The joke is on us.
@silo: "There are literally thousands of products that the US simply does
not have the skillset nor tooling to manufacture in volumes to support US
demand."That is fine. Higher prices give other manufacturers
the incentive to tool up and develop the skills. Do you want to just lay down
and be dependent upon China? " We have money and they have
products to sell. No one with any economic understanding expects totally
balanced trade with any country."No one expects perfectly
balanced trade, but we do expect fair trade. I have been to China. I have
seen the mountains of cheap imitation products with obviously fake brand name
logos from US companies. In many cases it is almost comical to a Westerner
because they manage to misspell mottos and make such bad fakes that it is
visually obvious if you have previously seen the real ones. It is not
just about getting cheap toilet brushes; it is about **ripoff of intellectual
property, designs, technology, and lost royalties for our companies.**
Apparently many of you have never worked in a industry or at a level where your
intellectual property and patents are blatantly disregarded and reproduced. I believe these negotiations are much more than a concern for trade
deficit. The American dream and for that matter, the dream of many individuals
across the globe is to create something that will build individual and group
prosperity and improve life and the human condition...that is the human dream.
The Chinese regime robs individuals of the dream and the hope of
individual prosperity - A better life. So what is the leverage in
protecting an individuals property? Trade. So complain,
if you must, about a President that understands the bigger picture, but he is
willing to do hard things at the present to protect your creativity and hope for
Uh oh.Kudlow's probably in trubble now.Wait for
trump's Tweet storm tomorrow.Then for a few weeks we'll be
hearing a constant prattle from him about how great and honest and wonderful
Kudlow is and all the other usual praises and balderdash that will flow until
finally we learn that Kudlow has been added to the already long, long list of
people who didn't please our Ego In Chief enough and has now been summarily
dumped by tweet in the middle of the night.Pathetic.
The Trump supporters who can least afford these higher prices will praise Trump
ad nauseum. Why? They don't understand the damage that these unthought out
tariffs will cause this country, and their own pockets. Self defeating
behavior.Farmers have already tightened the belt again. Soy bean
prices dropped yet again and those farmers are bankrupting in massive
numbers.These tariffs will damage the income of those least able to
afford it. Of course the rich and wealthy will survive. That last GOP tax give
away provided them with enough to weather this storm.The GOP, and
Trump are not "winning" for America. Trump supporters are
going to be hurt most, and they will still sing his praises. Just shows that
these people would rather suffer than act rationally.
"Consumers pay the tariffs? This isn't news, everyone know this. Who
else would pay it? Trump got stuck cleaning up the mess made by previous
presidents. Go Trump 2020"But here is the problem, Trump himself
has claimed, as recent as this weekend that it is China that is paying these
tariffs. He continues to spread disinformation to promote his agenda. So
it's not a matter if most people understand or not, or if the tariffs are
worth it, but that this again is being sold based on lies and misinformation.
And there is no need for these.Also not discussed is that defaults
and bankruptcies by farmers has nearly doubled (up 98%). They are paying the
price and carrying the weight of the battle. Trump just recently asked for an
additional $15 Billion on top of the already $12 Billion to subsidize farmers.
I will not say we don't have issues with trade with China.
Particularly with regards to IP. But lying to the American public isn't
the way to do it. But I'm not sure Trump knows any other way.
What good is it to increase the wages of Americans if the cost of what they want
to buy goes up more than their wages? Isn't it likely that the quality of
life of both Americans and Chinese will go down as a result of this? Consumer spending will decrease, therefore people will get laid off, so
spending will go down even more, so fewer good and services are needed, so even
fewer jobs, etc . . . so what is the purpose of this again?
Yep, that's the whole point of a tariff. It's a tax on your own
citizens for buying something from elsewhere.
"Indeed, this is an earth-shattering admission." Herb, your
snide remarks aside, Kudlow's admission must be placed in context. The
president has made numerous statements boasting that China pays for our tariffs,
that higher tariffs are better than an actual trade deal, and the US coffers are
filling with Chinese tariff money.This is, of course, economic
nonsense. And Kudlow was forced to admit as much when pressed by Chris
Wallace.But given the administration's preposterous claims, one
can only conclude that our nation's economic policy is being set by someone
who is utterly ignorant of trade fundamentals, or that the president sees no
issue with blatantly gaslighting the country into believing that a trade war
won't impact us. Neither of those possibilities should be acceptable.
Solo,Your argument is spot on and a great explanation for why this action
is needed. US manufacturing of everything from basic aluminum to semiconductor
goods has suffered greatly to the point that we are loosing our capability to
manufacture. What happens when our last aluminum mill is closed and China
decides not to sell to aircraft manufacturers of either commercial or military
products? New weapon systems increasingly use titanium. But China, Russia, and
Kasackstan produce more ti than the rest of the world combined. This is a
conscious strategic effort on their part to undermine US capability to
manufacture. And what are they doing with all the profits they are accruing?
Buying their way into South America and controlling interest in a lot of US
companies and real estate. Why fight a cold war when you can buy your way to the
same result? And as for your comment about not having the skill sets, where to
you think they got it from? Intellectual property rights are stolen on a regular
basis. Want to do business in China? Not only do you have to do the
manufacturing there, but you have to give them rights to your technology so they
can compete against you.
Consumers pay the tariffs? This isn't news, everyone know this. Who else
would pay it? Trump got stuck cleaning up the mess made by previous presidents.
Go Trump 2020
You have a trade deficit with your local grocery store (they sell much more to
you than you sell to them), but that doesn't mean both sides don't
mutually benefit from it.When a political figure starts handwaving
about how we have to correct a trade deficit, stop for a moment and ask: Why? Is
there really a problem to be solved? Is this really a sensible way to solve
it?And if the handwaving political figure can't express an
answer to those questions in the form of coherent sentences, but continues on a
nonstop self-interrupting sales pitch of one-liner talking points, don't
buy what they're selling. That'll be the artful deal to really avoid.
@ridal"US consumers pay inceased costs due to tariifs only if they
continue to purchase the Chinese products."The computer you just
posted your comment with contains innumerable Chinese products. As did your
mouse, keyboard, monitor, router, the servers at your ISP, all the routers,
switches ans servers on the traceroute path to the DN site, the DN servers, the
DN employees hardware, etc.Not to mention all the Chinese products
used in all manufacture, distribution, advertising, and sales of those
products.There's not a US citizen alive currently that can
exist solely on US-made products. "which may be only very
slightly higher price and/or higher quality"False. There are
literally thousands of products that the US simply does not have the skillset
nor tooling to manufacture in volumes to support US demand. That vast US
demand is the exact reason we even have a trade deficit with China. We have
money and they have products to sell. No one with any economic understanding
expects totally balanced trade with any country.
@Herbert Gravy: "[A Trump advisor] "admits" consumers pay for the
tariffs. ... Didn't realize there are so many of us who don't have a
basic understanding of economic principles."First, the good
news: there are NOT many Americans who so misunderstand basic economics so as
to think that China -- rather than American consumers -- pays for tariffs.The bad news? Republicans chose one of those people as
their 2016 Presidential candidate, and he won the election.
We who are workers have been paying the big wage price with the China policies
for almost 20 years. It hasn't been small; it has been costly. This is the
single most important issue needed to be resolved. If I as a consumer pay a
little more so be it. The economics long-term point back at China being the
winner thus far. Go look at the food-stamp numbers! Go look at the inflection
point year for the big increase. The trade imbalance is just the beginning
of the real cost. It carries into government social costs and our future
national viability and more. Once a country like China destroys your competitive
business, the prices coming back don't stay cheap. Fixing this issue
isn't free just like freedom and its defense isn't free, but it is
worth it long-term. So how long will we endure?Mark
Trumps administration has showed more effort to correct our trade deficit than
any other administration. it is going to take time because they see the US is
not united in this effert. They see half of our country opposing Trump and will
hold off till the next election. Trump loses then they may not have to make any
He "admits" consumers pay for the tariffs.Oh my.
Didn't realize there are so many of us who don't have a basic
understanding of economic principles.Who else would pay for them?
The government?The government pays for nothing. We do. Ha ha.
ADMIT it.Indeed, this is an earth-shattering admission.
- Admitting that consumers pay for the Trump tariffs? Check.- Caring about
consumers? Don't hold your breath.
US consumers pay inceased costs due to tariifs only if they continue to purchase
the Chinese products. This article ignores the fact that we can choose
competing products from other countries or American products, which may be only
very slightly higher price and/or higher quality.Trump is trying to
establish a level playing field. I will gladly pay the higher prices.
Sure it's the citizens of the USA that will be paying the tariff, it
doesn't take much knowledge of economics to know that. Trump is either too
ignorant or too dishonest or both to admit this and tells us it is the chinese
that will pay them. My bet is both.
Based on how things have been run the past two years, I am assuming they
don't have a long term strategy.