Trump: Tariffs Are the Greatest!

[DonViejo]

Source: The Daily Beast


Donald Trump has congratulated himself for slapping trade tariffs on China, Canada, and European allies. In his early Tuesday morning tweet, the president said: “Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that - and everybody’s talking! Remember, we are the ‘piggy bank’ that’s being robbed. All will be Great!” Last week, Trump threatened to put tariffs on all $500 billion in Chinese goods that are imported into the U.S.—China has described Trump’s aggressive policies as “the biggest trade war in economic history.” Earlier Tuesday, Germany’s foreign trade minister said the EU would not bend to Trump’s trade threats, adding: “We in Europe must stick together... I hope that we succeed in resolving this via consensus, but we will not be threatened and climb down so easily.”

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Read more: https://www.thedailybeast.com/trump-tariffs-are-the-greatest?ref=home

[greymattermom]

1. Just call them Trump Taxes

The money goes to the Treasury, right?

[dalton99a]

4. +1. A tariff is a direct tax, paid to the government

[TomCADem]

10. Why Isn't Bernie Defending the Tariffs? Trump Stole Bernie's Signature Issue

What is interesting is how quiet Bernie has been on the subject of trade. Trade and anti-globalism was the centerpiece of Bernie's message. Bernie is neither critical nor supportive. He is just invisible all of a sudden on his defining economic issue.

https://www.newyorker.com/magazine/2016/02/22/trump-sanders-and-the-american-worker

Under both Republican and Democratic Presidents, the U.S. has led the drive to expand global free trade. The passage of nafta was one of the signature accomplishments of the Clinton Administration, which also played a key role in making China a member of the World Trade Organization. More recently, the Obama Administration pushed for the Trans-Pacific Partnership deal, and has been working on a similar trade agreement with Europe. Integrating the U.S. ever more fully into the global economy has been seen as both inevitable and beneficial. Global competition would make companies and workers more productive, and the benefits to American exporters and American consumers would outweigh any potential losses.

Sanders isn’t buying this. In his most recent debate with Hillary Clinton, he called America’s trade policies “disastrous,” a way for businesses to drive wages down and profits up. He’s voted against every trade agreement that has come before Congress since he’s been in office, and he opposed normalizing trade relations with China. Trump, too, hits out at China and Japan in nearly every appearance he makes, and trade was the first issue he mentioned in his New Hampshire victory speech. Instead of viewing the global trading system as a free marketplace, Trump describes it as a battlefield, and one where the U.S. is “always losing.” Free trade may get American consumers cheaper goods, but that’s outweighed, for Trump, by lost American jobs and lost American wealth.

Both Trump and Sanders downplay the enormous economic benefits of globalization for American consumers of all incomes, and their proposed solutions are vague and could well be harmful if implemented. But their words resonate with many voters, because they articulate an important truth: free trade has created major winners and major losers in the U.S. economy, and the losers—mostly blue-collar workers—have received little or no help. Trade with China, in particular, has inflicted serious damage on American communities across the country, damage from which they have yet to recover. As the economists David Autor, David Dorn, and Gordon Hanson have documented, what they call the “China shock”—beginning in 1991 and lasting into this century—demolished manufacturing in much of the U.S. Workers in the affected communities had a hard time finding and keeping new jobs, and unemployment stayed high and wages low for at least a decade afterward.

Trade isn’t the only reason that blue-collar workers’ standard of living has declined; automation and weaker unions have also played a part. By focussing on trade, though, both candidates are acknowledging something important: what has happened to U.S. labor was not a natural disaster but, in part, the product of government policies designed to accelerate globalization and expose American workers to foreign competition. That admission is more than working-class Americans have got from most Presidential candidates.

[underpants]

2. But not on his or Ivanka's clothes?

Monetize much?

[Monsieur_Grumpe]

3. Recession begins with an R

And recessions rock! Time to invest in cardboard boxes. People are going to need a place to live.

[rtracey]

8. So does Reverse

Reverse begins with an "R" too, thats what the Republicans are doing to this country.. Reversing it back, but good news Democrat begins with a "D"..... if you look at the automobile metaphor you see the country.....simple as that..."D" - Democrat - Drive... "R" - Republican - Reverse.....saw that here somewhere...loved it...rt

[lark]

5. Lies, all lies.

He is 100% NOT putting tariffs on all Chinese made goods, because he will never ever in his hopefully short criminal lifetime ever put tariffs on his or toys goods, all of which come from China. Greedy SOB loves to hurt others, but absolutely can't stand even any tiny inconvenience for himself.

[turbinetree]

6. Larry Ludlow........................is a scum bag.............

and has for this orange hair traitor................well he's first and foremost a traitor and his daughter is a traitor and everyone associated with this team, and including a congress, the republican congress, like Paul "ayn rand" Ryan that should be expelling Devin Nunes.............for starters, then Dana Rohrabacher, then Kevin McCarthy ....................


November 2018 cannot get here fast enough.....................vote

[Chemisse]

7. Tariffs are Trump's own personal vengeance tools. Of course he loves them. n/t

[Yo_Mama_Been_Loggin]

9. It's fucking amateur hour right now

And we're all going to suffer