1ºPssst hey Holly Mae Guilliams, President Joe Biden had to maintain tariffs that were put in place during the administration of former President Donald Trump. The tariffs were part of a broader trade war between the U.S. and China, which began in 2018, and targeted hundreds of billions of dollars' worth of goods. The primary aim was to address issues such as intellectual property theft, trade imbalances, and forced technology transfers.
Biden’s administration did review these tariffs but decided not to remove them. The main reasons for this decision were due to keeping the tariffs as a way to maintain pressure on China to fulfill its commitments, especially regarding the Phase One trade deal that was signed in January 2020. China was expected to increase its purchases of U.S. goods, which did not fully materialize. Also, many U.S. industries and labor unions supported the tariffs, viewing them as a way to protect American manufacturing jobs from unfair Chinese competition. Biden’s administration may have been cautious about rolling back the tariffs without ensuring that American workers and industries benefit from any potential changes and damages. Third, tariffs have remained as part of ongoing trade negotiations and discussions with China over broader issues like market access, cybersecurity, and China's economic practices.
Pssst your failed attempt to get me didn't work. Plus, I know in-depth why the tariffs remained in place in which you cannot explain in detail.
I welcome more tariffs from your lord and savior Trump because too many tariffs will lead to another thing that you have no clue. But I hope it impacts you badly from an economical perspective. If you knew your history, then you would be silent.
2ºChilo Enrqz I brought up rates from 1990 when I was paying 10.75% because so many people are blaming the 6% and 7% rates on this president thinking that they are astronomical and that he controls them. But he was also the president when the rates were 2.5%, which is what I have, and didn't have control over that either. ---Homes that are being built now are much bigger than before and therefore, are more costly. A starter home doesn't need to have 4-5 bedrooms and 3 bathrooms on a huge lot, but people tend to think that bigger is always better. ----I don't plan to sell this house and like many people, like where we are and invest in the homes we already have.
3ºJane Dunkel Valentin
Okay so if you take money from "rich" and the corporations what do they do? They're just going to take a loss? No they passed that tax down to the consumer and cause inflation. The "rich" just simply move to another country that would cater to them and their money.
You get
I own a small business if the government was going to start taxing me at a higher rate I would just pass that tax down to consumer. I'm not just going to start losing money lol. I mean it's common sense. I mean this is just simple economics I don't understand how people get it
just so you know Democrats have way more money than Republicans.
https://www.pewresearch.o...e-distribution/
4ºBob Howard problem is that the soon to be president has already backed down on his promises to lower groceries, housing and gas prices, he made promises that sound great but presidents have no control over. His mass deportation plans have now adjusted to deportations of lower skilled immigrants to now bringing more immigrants in to take actual high skilled jobs from citizens, that changed direction pretty quick. Of course you know that without immigrants to harvest crops quickly like they do the crops will rot and just like that prices of food will increase. Tariffs, if enacted, will increase prices across the board, the tariffs will be added to our items, we end up paying the price in the end. Much of what he has said he plans to do will not lower prices unfortunately.
5ºGail Elliott And we’re betting on two ultra billionaires to solve the debt crisis? What have they done in their own companies besides cut jobs? Rocket Man has tanked almost every company he owns. Space X is profitable on the backs of the US government. Ramalamadingdingdong and his Roivant have never turned a profit.
Tell me again what two guys who have never changed a tire between them, can’t grocery shop or cook to save themselves from starvation, born into the laps of luxury, guaranteed to personally employ immigrants, are going to do to understand and fix the American economy.
6ºBruce Baldwin I just got a notice from my Citibank MasterCard they're raising those interest rates up to 34% did we get a warning before Christmas, no let's be the sneaks that we are and Hammer them. They know people are using their car because we don't have the cash having to pay out so much money on items that's been deliberately hijacked for stocks profit. The only way we're going to win this battle is that we got to stop buying I mean completely standstill let the market crash let them big boys realize we're not playing these sneaky little get rich schemes against us.
7ºVJ Jones you may have been talking about rates that were 2% three yrs ago but many are bringing up rates that were 10-14% 20yrs ago and many who want homes now... First time homebuyers for example are not caring about rates 20 years ago....rates that were under 3% 3-4 years ago were not consistently at that rate for the past 20years...average rates in the past 10 years were 3-5% so wishing for 2-5% is long gone ...more homes need to be built where there are people who can afford to buy at a reasonable rate. If the interest rate AND the home prices are outrageous, it will be hard for your middle class to buy or even sell. I wont buy if BOTH the interest rate and the over inflated prices of houses are high.
8ºAaron Lindsey The economy has been ramping up pretty well the past 4 years. Price gouging is still an issue and I don’t see that changing anytime soon. They didn’t report how bad it was because things were continually getting better. Stocks have been doing amazing under the past four years breaking records constantly but as soon as Trump won and started saying all of the things he is going to do on day 1 definitely scared the hell out of the market which is now causing continual drops and I don’t expect that it is going to do any better once he is actually sworn in. FAFO
9ºAmore Maya
All Truth…..No Joke!
Trump is a golden calf and an amalgam of the worst in all of us. His prevalence in American life and his pending return to the presidency have normalized those worst tendencies. He has given comfort to white nationalists and insurrectionists and antisemites, and embraced cruel dictators. The 5 basic things any parent would teach their child NOT to do……….
lie, bully, brag, steal and cheat are Trump’s calling cards.
I don’t need to hear another rebuttal about him being a tough leader or the best choice for president or someone who appeals to “regular Americans,” whatever that means.
Nothing justifies him.
Absolutely Nothing!
10ºRebecca M. Razul we don't have any businesses that want to use the space and it can't be apartments due to codes. When I say small town like our current graduating class of seniors is like less than 40. Most of our locals are elderly people. They aren't active in much of anything. The average age is almost 70. They go to the local theater and the library, which is also in the theater. We have a rec building that houses town meetings and a bunch of local groups for kids, adults and the elderly. We also turned our old elementary school into a few things. Administrators offices, a daycare, and an adult Ed.
There's really nothing that can be done with it. If there were I would be willing to put money into it, but there aren't any options.