Disagree with the President slightly. 10% tariff should be at least 25%.
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LOL — It’s not over; he might get to 25% (or more) yet.
Yep, we’re just WARMING UP.
China can’t win this.
If they “beat” President Trump, the US is bankrupt. And then so is China. They can’t survive without our economy buying their stuff. Will be a civil war there very quickly. (One is actually in the near future there, but that’s a different topic.)
If President Trump wins, we get fair trade and China (including their oligarchy who makes even our Uber corrupt Uniparty look like pikers) gets to keep making billions.
Some other ways this can play out but they are mostly variations of those above.
President Trump obviously “gets” this.
Far as I know, this is just going to go back and forth with reciprocal tariffs until there's nothing left to put additional tariffs on. In the meantime, we're going to see huge $$s of market value wiped out on Wall Street.
What's the end game here?
GO TRUMP GO
Buckle up everyone. This is going to be an exciting ride
So what are they going to do, put a 25% tariff on our coal? The state owns all the steel mills, so are they gonna tax themselves?
How about tariffs on Mexico to stop them from sending their children
For context: If China loses access to the US Market, they lose 4% of their overall economy.
That will drive prices in China through the floor and likely cause many banks to fail due to rolling defaults.
If the US loses access to the Chinese market, we lose less than 1% of our economy and it will cause minor disruptions in a few sectors.
No Contest.
Does anyone know how long it takes for tariffs to be removed? I know for steel the markets they figure two years at least. It is much more cumbersome than just a stroke of the pen.
It is ABOUT DARNED TIME someone stood up for America.
For the entire last generation and a half, everyone has been sold out on trade.
Republicans. Democrats. The media. Everyone.
Trump is now saying, why is everyone selling out? That is a very good question.
Bring back manufacturing, to America.
good. finally we got a guy in who knows how to play poker. they call, so we raise.
The GOPe prefers Trade Surrender.
Let me get this straight. The US puts tariffs on manufactured goods and China retaliates by putting huge tariffs on US produced food.
Seems to me this was essentially tried in the 1790s in France when the nobility forced Luis XVI to re-instate royal monopolies on grain. Food prices jumped, then … revolution. Not so sure China’s absolute monarch, Xi, knows what may be lurking in his future.
The NappyOne
10% tariff on $200 billion in Chinese imports would pay for our border wall - first year.
China would just waste the money building up their military to replace us, and rob from our allies in the region.
He hasn’t decided whether to raise the ante yet - the game is on...
but WINNING none the less. This isn’t a low energy Bush the ChiComs are dealing with.
The Chinese stock market took a 5% dive today, and over a thousand companies dropped 10% or more.
Looks like the Government is starting another big round of using their foreign reserves to prop up their markets - maybe their currency will be next.
We may well hear them cry uncle before the Summer is out. If they ride it into the ground out of pride and stubbornness, all the better.
Charge a tariff on all Chinese restaurants in NY, CA, IL and MA.
Watch the britches scream.
Yes I know.
5.56mm
This could be a very good thing. It might just kick start some of our own manufacturing base.