45 Business Groups Say "No" to Tariffs

[Toro]

These groups, including the Chamber of Commerce, said that imposition of widespread tariffs against China would be harmful to themselves and the to US economy.

The U.S. Chamber of Commerce and 44 other associations are urging President Donald Trump not to impose sweeping tariffs in response to China’s trade practices, warning the action would “trigger a chain reaction of negative consequences for the U.S. economy.”

The business groups wrote a letter to Trump on Sunday acknowledging “serious concerns” regarding what they described as China’s theft of trade secrets and other practices and policies, but they urged a measured response that avoided tariffs. The groups represent companies such as Apple Inc., Google, and Walmart Inc.

“The Administration should not respond to unfair Chinese practices and policies by imposing tariffs or other measures that will harm U.S. companies, workers, farmers, ranchers, consumers, and investors,” the groups said in the letter.​

Dozens of U.S. Business Groups Warn Trump Against China Tariffs

Economists have long known that tariffs are bad for the economy. So does American business.

 

[Mac1958]

Economists have long known that tariffs are bad for the economy. So does American business.

My impulse is usually to be hopeful and give this stuff the benefit of the doubt, at least at first: "Well, they have access to data that we don't". But it's getting tougher to do that.

Possible silver lining here: Trump has already signaled that these are not set in stone. My guess is that this is a standard ham-handed Trump negotiating tactic meant to shake shit up and get things changed. If that's the case, at least he got everyone's attention.

We'll see how this shakes out. We should know by now not to believe pretty much anything he says. I assume he considers that a negotiating tactic.
.

 

[Toro]

I sure hope so.

I don't want higher taxes.

 

[irosie91]

I do not understand economics------I think Trump is trying really HARD to improve that USA economy

 

[del]

I do not understand economics------I think Trump is trying really HARD to improve that USA economy

you're right

you don't understand economics

 

[Toro]

I do not understand economics------I think Trump is trying really HARD to improve that USA economy

That’s what Trump is counting on.

 

[Penelope]

I sure hope so.

I don't want higher taxes.

No chance of that with the Trump , just higher prices for everything.

 

[irosie91]

I do not understand economics------I think Trump is trying really HARD to improve that USA economy

you're right

you don't understand economics

ok-----If I had taken a course-----I would know-----
I never did------I aced calculus----does that count?

 

[irosie91]

I sure hope so.

I don't want higher taxes.

No chance of that with the Trump , just higher prices for everything.

Prices have been rising OUT OF SIGHT for quite some time now------probably mostly during Obama's time. I do not
blame Obama. I do not understand economics. Taxes is
not the ONLY ISSUE------sheeeeesh

 

[C_Clayton_Jones]

Trump knows more than anyone else.

About everything.

Really.

 

[frigidweirdo]

These groups, including the Chamber of Commerce, said that imposition of widespread tariffs against China would be harmful to themselves and the to US economy.

The U.S. Chamber of Commerce and 44 other associations are urging President Donald Trump not to impose sweeping tariffs in response to China’s trade practices, warning the action would “trigger a chain reaction of negative consequences for the U.S. economy.”

The business groups wrote a letter to Trump on Sunday acknowledging “serious concerns” regarding what they described as China’s theft of trade secrets and other practices and policies, but they urged a measured response that avoided tariffs. The groups represent companies such as Apple Inc., Google, and Walmart Inc.

“The Administration should not respond to unfair Chinese practices and policies by imposing tariffs or other measures that will harm U.S. companies, workers, farmers, ranchers, consumers, and investors,” the groups said in the letter.​

Dozens of U.S. Business Groups Warn Trump Against China Tariffs

Economists have long known that tariffs are bad for the economy. So does American business.

It's interesting that

A) Trump's steel and aluminum tariffs have been estimated to lose 5 jobs for every one job it makes.

B) That's before the other nations have imposed their tariffs which will hurt other US companies not related to steel or aluminum.

 

[del]

I sure hope so.

I don't want higher taxes.

No chance of that with the Trump , just higher prices for everything.

Prices have been rising OUT OF SIGHT for quite some time now------probably mostly during Obama's time. I do not
blame Obama. I do not understand economics. Taxes is
not the ONLY ISSUE------sheeeeesh

the average rate of inflation during obama's presidency was under 1.2%

trump is at 2.1% and climbing



Historical Inflation Rates: 1914-2018

 

[Toro]

I sure hope so.

I don't want higher taxes.

No chance of that with the Trump , just higher prices for everything.

Tariffs are taxes.

Higher tariffs means higher taxes.

 

[usmbguest5318]

Economists have long known that tariffs are bad for the economy. So does American business.

My impulse is usually to be hopeful and give this stuff the benefit of the doubt, at least at first: "Well, they have access to data that we don't". But it's getting tougher to do that.

Possible silver lining here: Trump has already signaled that these are not set in stone. My guess is that this is a standard ham-handed Trump negotiating tactic meant to shake shit up and get things changed. If that's the case, at least he got everyone's attention.

We'll see how this shakes out. We should know by now not to believe pretty much anything he says. I assume he considers that a negotiating tactic.
.

From the article:

“The Administration should not respond to unfair Chinese practices and policies by imposing tariffs or other measures that will harm U.S. companies, workers, farmers, ranchers, consumers, and investors,” the groups said in the letter.

Well, duh.

One doesn't cut off one's own nose to spite another's face.

 

[Mac1958]

the average rate of inflation during obama's presidency was under 1.2%
trump is at 2.1% and climbing

Yes, we need inflation at around 2% to 3%. Central Banks all over the world are trying to get there. The Fed will move quickly if it looks like we're going above that.
.

 

[del]

were you in rosie's eco 101 class?

 

[usmbguest5318]

Economists have long known that tariffs are bad for the economy. So does American business.

My impulse is usually to be hopeful and give this stuff the benefit of the doubt, at least at first: "Well, they have access to data that we don't". But it's getting tougher to do that.

Possible silver lining here: Trump has already signaled that these are not set in stone. My guess is that this is a standard ham-handed Trump negotiating tactic meant to shake shit up and get things changed. If that's the case, at least he got everyone's attention.

We'll see how this shakes out. We should know by now not to believe pretty much anything he says. I assume he considers that a negotiating tactic.
.

My guess is that this is a standard ham-handed Trump negotiating tactic meant to shake shit up and get things changed.

What ever happened to exhibiting the integrity of making an existential case for change? That is, after all, what honest people do.

 

[Mac1958]

Economists have long known that tariffs are bad for the economy. So does American business.

My impulse is usually to be hopeful and give this stuff the benefit of the doubt, at least at first: "Well, they have access to data that we don't". But it's getting tougher to do that.

Possible silver lining here: Trump has already signaled that these are not set in stone. My guess is that this is a standard ham-handed Trump negotiating tactic meant to shake shit up and get things changed. If that's the case, at least he got everyone's attention.

We'll see how this shakes out. We should know by now not to believe pretty much anything he says. I assume he considers that a negotiating tactic.
.

My guess is that this is a standard ham-handed Trump negotiating tactic meant to shake shit up and get things changed.

What ever happened to exhibiting the integrity of making an existential case for change? That is, after all, what honest people do.

He's not honest. I'm just trying to take him in context.
.

 

[Mac1958]

were you in rosie's eco 101 class?

Are you talking to me?
.

 

[Penelope]

I sure hope so.

I don't want higher taxes.

No chance of that with the Trump , just higher prices for everything.

Tariffs are taxes.

Higher tariffs means higher taxes.

I sure hope so.

I don't want higher taxes.

No chance of that with the Trump , just higher prices for everything.

Prices have been rising OUT OF SIGHT for quite some time now------probably mostly during Obama's time. I do not
blame Obama. I do not understand economics. Taxes is
not the ONLY ISSUE------sheeeeesh

You think prices are high, expect them to go higher.