Trump says tariffs on China could be raised by another $300 billion if necessary

CNBC ^ | 06-06-12 | Matt Clinch

[Monrose72]

President Donald Trump told reporters Thursday that tariffs on China could be raised by another $300 billion if necessary. “Our talks with China, a lot of interesting things are happening. We’ll see what happens ... I could go up another at least $300 billion and I’ll do that at the right time,” Trump said Thursday, according to Reuters, without giving details on what goods could be targeted. “But I think China wants to make a deal and I think Mexico wants to make a deal badly,” he said at the Irish airport of Shannon on his way to France for a D-Day commemoration.

[Gen.Blather]

When pundits and politicians discuss how horrible the effects of “Trump’s tariff” will be on Americans (at least nobody has said women, children and minorities hit hardest...yet) they act as if it will go on forever. And, tariffs enacted by law tend to live long lives. But a tariff enacted by Trump can be rescinded with the snap of his fingers. The pundits and politicians never mention that Trump is negotiating. He is using tariffs and the threat of tariffs to bring Mexico and China to the table to negotiate something he wants and that something will make life better for the average American.

Trump has no carrots to offer and he wouldn’t if he did. He isn’t going to pay Danegeld. (Ransom, but with more historical meaning.) So, Trump has conjured carrots using his magic wand, the one Obama couldn’t find, and making the other side eager to comply with his demands.

Let’s face it. “Free trade” with a society that is not “free,” like China, injures American workers. “Free trade” would be conducted on a level playing ground. And, every American bears to cost, in one way or another, of millions of illegal immigrants.

GO TRUMP! (I’d wear a MAGA hat but I’m allergic to milkshakes.)

[mo]

“Tariffs are not taxes”

“Why does congress claim approval authority?”

Congress retails tax and regulation to the country through K St lobbying/intermediary industry,

Tariffs interfere with Congress’ business model-the business model that has taken Washington DC from 84th city in the nation per capita income in 2000 to number one as of 2016.

The intent of the Founding Fathers was for Fed.gov to fund itself off tariffs.

“The tariff was the main form of federal taxation over the first half of the history of this country, until the income tax emerged in 1913. There is an indisputable chronological correlation between the tariff and phenomenal economic growth. From the late 18th to the early 20th twentieth centuries, the United States steadily developed into the most successful economy in the world.”

https://www.forbes.com/sites/briandomitrovic/2018/03/09/when-tariffs-worked/

For Congress to take money in return for tariff regulation would be opening Congress to charges of treason-accepting money from foreign interests and governments for legislative favor.

Taxation and regulation however... has a “established and accepted” business model.

MAGA!!!!

[Gen.Blather]

I am so stealing whole chunks of your post and taking it as my own. (Dry-washing hands, hunching shoulders and issuing evil laugh.)

[Mr. K]

china is ONLY even viable as a country because of all the technology they stole from us.

Now that their infrastructure is in place we can leap-frog over them.

[ronnie raygun]

rat bastard McDonnell won’t like that he is neck deep in china sh## with his wife

[mo]

Please do!! Distribute widely.

Finally completely understanding why DC hates Trump and MAGA

[central_va]

Our economic geniuses apply static models to dynamic economic situations, like increasing IMPORT tariffs. You have to look at the long term consequences of tariffs but we as nation are incapable of seeing past the next quarter.