Posted on 12/25/2018 7:47:35 PM PST by SeekAndFind
In its third round of tariff cuts this year, China announced that 700 more goods will have tariffs cut. Bloomberg reports:
China announced another round of tariff cuts, lowering import taxes on more than 700 goods from Jan. 1 as part of its efforts to open up the economy and lower costs for domestic consumers.
No doubt, that’s what they say. And it is true that domestic consumers will benefit from lower cost access to foreign goods. But, is President Trump’s pressure on China not a factor? I am sorry, but I can’t accept the notion that Trump is irrelevant to the decision.
Part of the Port of Shanghai
Note that the rate cuts are temporary and can be changed at any time. To me, this is further evidence that they are a bargaining chip in the confrontation over trade that President Trump started.
The underlying reality – that President Trump recognized unlike his predecessors – is that because of its trade surplus, China has far more to lose than the US from a trade war. The comparatively simple reality should have fortified the US in taking a harder line toward China, and yet it never did until Trump. Instead, the US has allowed itself to de-industrialize on a massive scale.
There’s a new sheriff in town the last 2 years. A lot of people were doing very well under the old sheriffs, even though America as a whole did not.
Something to think about over the next 2 years.
(Excerpt) Read more at americanthinker.com ...
That’s good news. I need 700 more things.
No, they are the ones cutting the tariffs. You don't buy 700 more things. You sell them 700 more things. I think.
Has anyone seen Art Vandelay?
D’oh! You are right. That’s why I shouldn’t do import/export.
President Trump gets a lot of stuff done and is very funny to boot. Best election ever.
[That’s why I shouldn’t do import/export.]
It’s O.K. to do import / export.
I say you should focus on the exporting.
But there will be some who say you should focus on the importing.
Should I invest in latex?
How long before Zero tries to take credit for this? Thanks SeekAndFind.
Cuts on 700 items?
Trump really isn’t very good at this.
He should have gotten reductions on 701 items
/S
President Trump wants ZERO tariffs. Too bad the rest of the world does not agree.
You should donate to the Human Fund first.
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