Posted on 12/27/2024 2:14:24 PM PST by E. Pluribus Unum
The world is bracing for Donald Trump’s tariffs and doesn’t think he’s bluffing.
On my trips to Beijing in recent years, Chinese officials often seemed confident they could work with someone who was a businessman at heart. That confidence seems to be a thing of the past. Both U.S. political parties have turned antagonistic, and Mr. Trump seems in a far less conciliatory mood. He has vowed to add 10 percent to the tariff on imports from China and impose 25 percent tariffs on imports from Canada and Mexico, the two largest U.S. trading partners.
Perhaps it’s because he has a stronger hand. President Biden is handing off a strong economy while much of the rest of the world is in a deep economic funk, making the United States better positioned to manage the fallout from a tariff war. No matter the virtues of these policies, they could end up hurting other countries a lot more than they hurt American consumers, making the United States look like a winner.
The performance of the U.S. stock market is the metric that Mr. Trump seems to rely on most to gauge the success of his policies, and it has been stellar, far outstripping the performance of most other countries’. Tariffs, along with tighter immigration policies, are likely to cause a resurgence in U.S. inflation. But the United States has enjoyed strong productivity growth, even as productivity in other countries has been dismal. If that continues, which could hold down broader inflation, the pain inflicted by tariffs on U.S. consumers and businesses will be reduced.
(Excerpt) Read more at nytimes.com ...
Uh huh
Oh Jesus.
America will come out on top in tariff wars because we have a professional deal maker going up against politicians. The pols are screwed.
That is some funny s’plainin.
Is this by Paul Krugman? It has that feeling of dropped on his head as a baby many, many times like Krugman's articles.
SOME PEOPLE TRULY NEED ANOTHER SWIPE AT AN EDUCATION
.
They know it’s gonna work so they have to try to diminish Trump and bump up the demented pedo.
I totally agree. When the article stated “President Biden is handing off a strong economy” they lost me right there. Lying sacks of crap is what the press is.
Notice the title has the word “could” in it. (Written as though President Trump could never make it happen). And next—
“President Biden is handing off a strong economy…”
.
.
...until the numbers get revised (again) shortly...
.
New York Times, of course. I wonder how they manage to stay in business?
“America will come out on top in tariff wars because we have a professional deal maker going up against politicians.”
The Chinese union guy says we can’t move the production machines out of China without collective bargaining.
Our Chinese venture partner says the production machines aren’t moving out of China at all.
We are dealing more from a position of weakness. Trump will find that out.
Deficit spending has that illusionary effect on stats.
The whole piece is utter BS.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.