WINNING: Study Says China To Pay 75% Of Higher Tariff Costs While U.S. Will See Net GAIN

           

https://disqus.com/home/d...l_see_net_gain/

“DC Whispers is a news and opinion website with a right wing bias in reporting. Headlines are somewhat sensationalized, but not extreme in comparison to many we have reviewed. Articles tend to be sourced fairly well, but sometimes to questionable information.

For example, in this article they source a preacher, who claims he heard from a congressman that Donald Trump would be “taken out suddenly.” The Preacher implies this would be through assassination, which simply is not verifiable. Based on using questionable sources we rate DC Whispers questionable for factual reporting and strongly right biased in reporting. This is a borderline questionable source.

Just like American Clunker!


"Gee, it’s almost like President Trump, an international billionaire businessman who has survived multiple economic crashes actually knows more about how the world economy works than a television fat-head who regurgitates anti-Trump talking points over and over again."

Trump keeps saying that China "stole" billions from us or we "lost" billions. He either is economically illiterate or knows it is not true and is lying. A trade deficit is not losing money. It means we buy more goods from them than they buy from us.

I'm fine with using the tariffs as a negotiating tactic, but if they stay on long term it will impact the economy negatively.


U.S. Manufacturing costs are almost as low as China’s, and that’s a very big deal

“Made in the U.S.A” is becoming more affordable. The reason? Fracking.
http://disq.us/url?url=ht...p;cuid=3677626" rel="nofollow noopener" title="http://fortune.com/2015/06/" target="_blank" class='link_art' rel='nofollow' >http://fortune.com/2015/0...ne.com/2015/06/...
You don’t need to a Nobel Prize in economics to know that the fracking revolution has been good for the U.S. What’s not so well known is just how competitive cheap oil and gas has made American manufacturing. BCG, the Boston consultancy, estimates the average cost to manufacture goods in the U.S. is now only 5% higher than in China and is actually 10% to 20% lower than in major European economies. Even more striking: BCG projects that by 2018 it will be 2% to 3% cheaper to make stuff here than in China.



"Gee, it’s almost like President Trump, an international billionaire businessman who has survived multiple economic crashes actually knows more about how the world economy works than a television fat-head who regurgitates anti-Trump talking points over and over again."

“Just run the presses — print money,” Trump told his top economic advisor, Gary Cohn

Cohn told Trump that the Federal Reserve would likely increase rates during his first term in office, to which President Buy High, Sell Low reportedly responded, “We should just go borrow a lot of money, hold it, and then sell it to make money.” This suggestion, and “lack of basic understanding” about how federal debt works apparently sent chills up the spine of Cohn, who explained that borrowing more money would in fact increase the deficit and add to the debt.

“He’s an “ignoramus” and a “Neanderthal” over his understanding of trade and fiscal policy.” - David Stockman

TRUMP HAS THE I.Q. OF AN INBRED TANNING BED, SAYS GARY COHN

“Such an idiot” - Steve Mnuchin


Try to understand what is written in the article. Sure there has to be some pain - no gain without pain. Think Progress is a George Soros funded outfit, btw, so straight away we can dismiss it. All of the media he funds, like Mother Jones, Media Matters and the other 250 NGOs, Foundations, Assoc.& Think Tanks equally so - propaganda he funds. He is an anti-American globalist, crony-capitalist looking out for THEM.

What the article above is saying is this - Quoting from the article:

" ... the nature of Chinese goods being taxed harder will translate into higher costs for China compared to the U.S. ... A 25-percentage point increase in tariffs is expected to raise US consumer prices on affected Chinese products by only 4.5 percent on average, while the producer price of Chinese exporting firms declines by 20.5 percent, it found."

It means the tariff war is hurting Chinese exporters by a whole 20% MORE THAN it is hurting our industry. Why? Because of the NATURE of what we import from China and what they import from us.

We import mostly Chinese retail goods. The increased tariff does not affect our production costs or our GDP. China imports mostly PRIMARY products from us, which are used to produce its retail goods in the first place, before it can even export them. It exports them to many nations, so it is affecting their global export industry.

U.S. tariffs have pushed their production costs up by 20.4%, therefore SLASHING Chinese industry's profit margins. Many will go to the wall, if that persists, unless subsidised by the government - adding a further economic cost to their economy. It is a lose, lose situation for China. Their GDP has plummeted since the tariff war began.

Trump's long-term strategy is to force China to the negotiating table to agree to REMOVE/reduce its tariffs and the U.S. will do the same. It's tariffs were stealing $500 billion from our economy per annum, which no other President has ever challenged China over.

The ultimate outcome will be FAIR trade, not FREE trade by America alone, which it has been historically and which, were that to continue, would have ultimately bankrupted our economy. The $500 billion, will instead remain in our economy to the benefit of all, being extremely beneficial to our producers, who produce our wealth.


Another bullshit story by, shhhhh....... 'DC Whispers'. They don't even post a link to the study. Well you can read it here with supporting graphs. http://disq.us/url?url=ht...p;cuid=3677626" rel="nofollow noopener" title="http://www.econpol.eu/sites" target="_blank" class='link_art' rel='nofollow' >http://www.econpol.eu/sit...conpol.eu/sites... It was done for the European market where tax collection on tariffed goods would actually go to the country's government. That is not the way it works in America. The study claims that 18% of the revenue the tariffs create will go to the government. All the [billions of dollars] of Chinese goods sold on Amazon, how much did Jeff Bezos pay in taxes on his company? Zero. In fact Amazon got a 129 million refund in 2018.
Then at the bottom of page four is this nugget of bullshit:
"The tariff revenues can be distributed to US consumers and could increase US welfare.1*"
(Footnote)
1* On Twitter President Trump repeatedly refers to the increased tax revenues due to the import tariffs. Indeed these revenues could be used to finance tax reforms. Thus, the redistribution argument might be valid.
REALITY CHECK!! That money will go to shareholders, not workers or consumers.
Ha Ha! what a f'n joke. Trump talks of buying American, but the entire Trump branded product lines are made oversees. America isn't prepared to tool up entire manufacturing institutions for the temporary production of cheap Chinese electronics. The Trump administration is not offering anything in the form of incentives to create that production anyway. Just ignorant tweets.
Meanwhile he is giving billions of dollars of subsidies to soybean farmers who's second year of crops are rotting in the fields because it is cheaper to plow it into the soil than to harvest it. Natural gas exports will have to slow down and the industry will lose jobs because as with soybean market the Natural Gas market is Global.
The Chinese will buy soybeans (from Brazil) and LNG (from Russia). Who else is making cheap electronics, or all of the small computer chips that make everything else work (INTEL) etc. If you want to build something in America you still have to assemble it with 'Made in China' high tariffed parts dumbshit. https://disq.us/url?url=h...p;cuid=3677626" rel="nofollow noopener" title="https://twitter.com/realDon" target="_blank" class='link_art' rel='nofollow' >https://twitter.com/realD...ter.com/realDon...