Posted on 03/06/2016 5:24:31 AM PST by saywhatagain
“Mr. Trump,” according to Martin, “has many good ideas, but unfortunately one very large bad one.” Trump advocates a 45% tariff on goods imported into the U.S. from China. And he wants to establish new tariffs on Mexican imports.
“The problem is that trade partners will retaliate.”
(Excerpt) Read more at wallstreetdaily.com ...
Now we’re talking Great Depression comparisons.
The Smoot-Hawley Act of 1930 – which boosted U.S. tariffs on imports by an average of approximately 50% – exacerbated what was already a negative economic spiral. It led to a trade war and a currency war.
That’s a sharp contrast with the present global condition, which is a “currency cold war.” Countries are devaluing their currencies “but in a fairly benign way” in order to stimulate their domestic economies.
Increase tariffs causing more harm than helping has always been the dogma of economic regulators. Increasing tariffs for the purpose of retaliation is worse. I would rather see Mr. Trump ease government regulations, small business taxes, and deport lawyers file frivolous lawsuits against businesses.
“Trump advocates a 45% tariff”
False.
This BS has been denied multiple times.
It’s just like the KKK smear.
Republican position: Crap sandwich on rye.
Trump position: No more crap sandwiches.
47 posted on February 27, 2016 at 7:18:27 PM CST by DuncanWaring
Have you never heard of leverage?
Trump is a negotiator. Our side needs to talk the talk, then we can make a deal that will be fair to both America & China. If you bid on a house you don’t bid what you want to pay and you don’t say “but if it gets serious we can raise our price.” You start out very strong and as the other side shows some flex you show some flex.
As the lead negotiator for a deal if you don’t start out way over where you expect to settle you get scrod.
It is called the “Art of the Deal”.
You go into a meeting with the other country worrying that you are going to impose a tariff.
That gives you the power to negotiate an agreement you want in return for not imposing a tariff, a tariff you never intended to impose to begin with.
How can you have inflation during a depression? You ether have one or the other.
How exactly is China going to retaliate? We do not import much to them
I too was surprised when I read this. If you can help refute this, that would be very much appreciated.
Which part of this statement is BS:
"Real-estate mogul Donald Trump told The New York Times he would support the US' putting a massive 45% tariff on Chinese exports to the US." Source:
http://www.businessinsider.com/donald-trump-45-tariff-chinese-imports-china-2016-1
The only reason we don't presently have a trade war is because thge US won't fight. Chinese already impose tariffs
The Smoot-Hawley lie on the first post. Wow.
You think the current trading is a level playing field? If so, vote for someone other than Trump. If you’ve ever done actual business with or in China, you would understand Trumps point.
Could not find exactly the products, but I am Boeing airplanes accounts for at least 15 percent of that value
Multiply that by 4 and you have imports form China. No sale.
can you do that. if not go away
And yes, I have done business with China. Containers of goods. And yes they (China) suck!
Arghhhh!
I only wish I had you to negotiate against every time I had to do it. With your logic and parroting talking points, I could get even more than what I hoped to attain.
The Mexicans and Chinese need us more than we need them.
Exactly. He told the New York Times?
When?
Where is the quote?
He already denied this multiple times.
Trump will use tariffs as leverage to get the Chinese and Mexicans to lower their barriers. He repeats this every day.
Do not believe everything you read in the New York Times.
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