Opinion: The media is lying to you about Trump’s China tariffs

           

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

Investors panic needlessly


Meanwhile, the total value wiped off U.S. stocks during Monday’s panic was about $700 billion. More than20 years’ worth of the new tariffs.

Only for those who jump at every noise they hear. My portfolio was down a little yesterday. It will go up. I don't live hand to mouth, and don't sell off because of something like this. And if we stick it out in the long haul, it WILL ultimately benefit the US. China IS a bad faith partner - and they need us as a market much more than we need them as a supplier.


"I am wondering if he is pissed at china for allowing his trump clothing line which are made in china to be published. If the SOB cared he would never have used china for his personal production." - Bishadi

For one thing, you're talking about ancient history. For another, in case you haven't been living in the U.S. for the past 30 years, almost NOTHING is made in the U.S. anymore, thanks to extortion by Labor Unions, wherein unskilled and uneducated laborers (primarily minorities) are made to earn $ 20.00 - $ 40.00 hours per hour, with Cadillac insurance benefits, unlimited overtime opportunity, generous retirement/pension benefits, and guaranteed annual pay increases.

"According to the American Apparel & Footwear Association, 97 percent of apparel and 98 percent of shoes sold in the U.S. are made overseas."

Trump is changing this, brining manufacturing back. Best President since Reagan.


Going all the way back to Eisenhower, history has shown us that the economy has always slumped whenever we've kept Republi-'cons' in the White House for longer than 4 years. THAT is more of what I'm afraid of than any of this current tariff war.... BUT, the current tariff war effects may be an indication of what's coming if Trump's re-elected...

Republi-'con' White Houses always start with the unemployment rate somewhere BELOW 5% (handed to them by the outgoing Democratic administration)... and then, end up ABOVE 6.5% by the time they're finished making a mess of the country’s economy...

EISENHOWER WHITE HOUSE
Start (Jan '53) = 2.9% <---- Handed to him by the Democrat, Truman.
End (Jan '61) = 6.6% <----- Democrats need to come in and fix Eisenhower's mess.

NIXON / FORD WHITE HOUSES
Start (Jan '69) = 3.4% <---- Handed to them by outgoing Democrat, Johnson.
End (Jan '77) = 7.5% <---- Another Democrat has to come in and fix this mess.

REAGAN / BUSH # 1 WHITE HOUSES
Start (Jan '81) = 7.5% <-------- No change from Nixon / Ford (Carter only served 4 years).
End (Jan 93) = 7.3% <---- After 12 years of Republi-'cons'... no improvement... LOL!

BUSH # 2 WHITE HOUSE
Start (Jan '01) = 4.2% <--- Handed to him by outgoing Democrat, Clinton.
End (Jan '09) = 7.8% <---- Democrat has to come in and fix this mess.

OBAMA
Start (Jan '09) = 7.8% <---- handed to him by a worthless Republi-'con', G.W. Bush.
End (Jan '17) = 4.8% <------- Thanks Obama!



+