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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 04:11 PM
Original message
A Twenty Five Percent Tariff On Chinese Goods
Edited on Mon Aug-22-11 04:11 PM by DemocratSinceBirth
That's what Donald Trump suggested.

Now I have my problems with American-Chinese trade but I think the Chinese would consider that an act of economic war.

I suspect they could create all kinds of mischief in the Taiwan Strait.

And some people take him serious.
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Cosmocat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 04:37 PM
Response to Original message
1. We need them to buy our stuff, too ...
we put tariffs on their stuff, they put them on ours ...

Not sure how that helps beyond pissing people off ...
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 04:41 PM
Response to Reply #1
2. Could You Imagine The Chinese Reaction To A Twenty Five Percent Tariff?
It reminds me when we embargoed the sale of oil to Imperial Japan.
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zalinda Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 04:43 PM
Response to Reply #1
3. Actually, a lot of tariffs were lowered and some
eliminated all together. I know, I had to import some product, when I ran my little Internet business. I didn't want to import, but could not find American manufacturers who either made the stuff, or gave a shit about making stuff well.

zalinda
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Mon Aug-22-11 04:44 PM
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4. Deleted message
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 04:49 PM
Response to Reply #4
5. China Puts A Twenty Five Percent Tariff On American Good?
I imagine most of the stuff we make the average Chinese citizen can't afford and that includes the so called Chinese middle class...
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 04:50 PM
Response to Original message
6. Wall Street would never permit it. Too many elites have investiments
in China and China Mkts. Too many Corporations
have business interests in China. When the rubber
hits the road, the Rich will be protected.

Trump's sound bite sounds good but there is a reality.
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 05:24 PM
Response to Original message
7. I think it would work better to have a higher dividend and capital gains tax
on goods and services that end up being sold back in the USA originating from outside the USA.

This might encourage more jobs to be brought back into the USA.
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tritsofme Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 07:22 PM
Response to Original message
8. Not only that, it could create recessions in both China and the US.
As American consumers find prices of Chinese imported goods skyrocket and sales decline.
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SadPanda Donating Member (158 posts) Send PM | Profile | Ignore Mon Aug-22-11 08:21 PM
Response to Original message
9. Here's what I would do, I would completely destroy the international economy!
Edited on Mon Aug-22-11 08:22 PM by SadPanda
For the next 20 years.

Sincerely,

Donald Trump
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