“No, they’re threatening us.”
If he keeps this up, he’ll eventually get my vote. Must...resist...toupee-wearing president...
I’m sure Trump could open the China market to fair trade.
A president who is going to do something about the unilateral trade war the Chinese have been waging against us for 30 years?
This is really getting interesting.
I wonder what Walmart’s going to think of that idea?
In other words he would raise prices of goods sold here from China by 25%.
Nice... I thought Republicans were against taxes?
Nice that he’s pro-American, but he’s suggesting curing the symptom instead of the root cause.
The root cause of our problems is the dismal outlook for business in the U.S., not currency manipulation.
The dismal outlook is made up of the following:
a) unions
b) big-business cronyism and small business no influence
c) lack of spending control by government which mathmatically requires future tax rate increases
d) communist-controlled public schools which turn out adult citizens who are ignorant of and virulently anti-business
e) special-interest-driven environmentalism
All of these combined are far too much for capital formation to overcome and capital is flowing outside the U.S., in spite of the long-term fact that the undermining of the U.S. will result in complete breakdown of legitimate private-property rights free enterprise and therefore a collapse in all investments in advanced economies.
A high tariff on import of Chinese manufactured goods will only allow the failed paradigm that we have been sliding closer towards since the 1970’s to last a bit longer.
We need to schoolmaster’s harsh stick of simply no allowing the import of manufactured goods, only raw materials.
Manufacturing jobs will then return out of necessity. However, if the above obstacles are not ALSO removed, the U.S. would suffer the high prices that those obstacles entail.
The Washington lobbying community would be utterly difficult to overcome in their opposition to these fixes, because they would require big business to do some real work.
If by some miracle these obstacles are removed and manufacturing returned, the U.S. dollar would strengthen so much that we would gain an enormous raw materials purchasing advantage over EVERY other nation. China would basically fall back into poverty, with no ability to provide jobs for it’s people by exporting manufactured goods to the U.S. and a worthless currency of their own. They would once again be desparate for U.S. dollars with which to buy oil and raw materials.
The changes that would be necessary, though, are a complete transformation of the communist-infested, cronyism-based society we now live in.
The increasing rate of gains from job displacement of whole economic sectors from a nation are temporary; once the whole sector is gone, the costs at that point are the new normal. For the nation doing the work and exporting goods, they have an artificial outside boost to their economy, as they can pay citizens with money that their citizens do not have to spend, as citizens of other nations are spending for the exported goods.
Donald Trump Says He Would Threaten to Tax China 25%
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Threats are not action.
Better make ALL States right to work States where Union membership is optional..
Eliminated the income tax.. and institute the "Fair Tax" or something like that.. to fund the federal gov't..
Walmart’s CEO is already predicting serious inflation. If imports from China get hit with a 25% tariff it’s going to be way beyond serious.
That is just the dumbest thing I've heard in a while.
First, that 25% tax comes out of American pockets. If you raise the cost of Chinese products by 25%, who else pays but us. Or, you can keep on wearing those ratty drawers until you have 25% more money to pay for a new pair. Same for many, many other consumer goods. If you like the idea that most of Walmart’s prices will increase substantially, then you will love this tax, er, tariff.
Second, does he think the Chinese will not retaliate?
They would NEVER sell off US debt to create a US financial crisis. They would never dump the Dollar to create a world monetary crisis. They'd never cut rare metals exports to disrupt US high tech manufacturing. I'm sure they wouldn't enact their own tariffs on US goods, either.
Naw, they would never do that?
Here we have Trump blaming China for our lousy economy. Does ANYBODY here really believe that?
China had ZERO to do with the housing/mortgage crisis. That was home grown by Dodd, Frank, Freddie, Fanny, & Co.
China has Zero to do with unemployment. Our expat businesses didn't pack up & move to Asia because of China. They did it because doing business, especially manufacturing, in the USA is not profitable, which is over taxed & regulated. Oil workers are idle in the USA because of Obama & Co. Businesses are not hiring for the same reason.
China did not create the massive US debt, our Congress & successive Presidents did.
“The Donald” is playing the same old blame game so well loved by the Liberal, victim class. What nonsense!
Wonder what show he is plugging.
Donald Trump is a buffoon!!! His threat to levy 25% tariffs against China is hollow.
First of all, China would not pay the tariffs, our own consumers would pay those tariffs...that means higher prices for consumer goods. Considering that we are about to enter a period of serious inflation, we don’t need prices to rise any more.
Second, it would take at least a decade to move manufacturing operations from China back to the USA. Such a move would involve repatrioting the final assembly operation and all of the raw material/subassemblies in the supply chain. That means getting approval from government agencies to access the oil fields, mines, forestry products and transportation systems to fill those supply chains...and we know that wouldn’t happen quickly.
Third, where would the money raised by the tariffs go to? We all know the answer to that question...the US government. And we know that the government is incompetant when it comes to handling our tax dollars. Trump probably does to...and he’d like to have control of those dollars to feed his cronies.
Trump is nothing but a snake oil salesman...anyone who believes a word he says is a fool.
Trump was a guest on The Savage Nation today and the more I hear him talk about the issues the more I like him. He doesn’t pull any punches and seems sincere about trying to save the country from the direction its going.
Trump interview @ 18:00
http://www.youtube.com/watch?v=rtNahut6XfQ
I am not usually a single issue voter but if Trump wants to take on the ChiComs, he’s got my vote. Tariff is not a 4 letter word.