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- Oct 23, 2018
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Are you tired of not-winning yet?
Trump's gut is defying the advice of his professional advisors and Trump's gut is doing a bad job.
Trump's gut has made a bad decision with tariffs which are not curing the deficit which is still heading South and its increasing inflation.
Trump's tariffs are endangering 6.5 million American jobs according to the American Enterprise Institute.
New manufacturing jobs = 0. Carrier, Ford, GM, and Foxconn plus many others.
"Today’s trade deficit numbers have exposed those faulty big government policies for the empty promises that they are."
Trump is also trashing brand America as foreign buyers turn against American products.
https://www.alexcityoutlook.com/2019/01/31/u-s-trade-deficit-with-china-is-getting-worse/
Trump's gut is defying the advice of his professional advisors and Trump's gut is doing a bad job.
Trump's gut has made a bad decision with tariffs which are not curing the deficit which is still heading South and its increasing inflation.
Trump's tariffs are endangering 6.5 million American jobs according to the American Enterprise Institute.
New manufacturing jobs = 0. Carrier, Ford, GM, and Foxconn plus many others.
"Today’s trade deficit numbers have exposed those faulty big government policies for the empty promises that they are."
Trump is also trashing brand America as foreign buyers turn against American products.
https://www.alexcityoutlook.com/2019/01/31/u-s-trade-deficit-with-china-is-getting-worse/
U.S. trade deficit with China is getting worse
Published 9:23 am Thursday, January 31, 2019
By JOHN TURES
The overall U.S. trade deficit is growing, not shrinking. And it’s getting worse with China. The United States trade deficit with the People’s Republic of China just set a record, at $43.1 billion. It turns out tariffs are making the deficit worse, not better. It’s not an accident either. And such numbers will get worse with a trade war too.
Despite promises slapping tariffs on Chinese exporters was going to reduce the trade deficit, the U.S. trade deficit with the world reached its highest mark in ten years, topping $55 billion. And our trade deficit with China rose to its highest level ever.
We were told that putting taxes on China would reduce that deficit. It would weaken the Chinese economy. And that seems to have happened. So why did the deficit go up?
...
With the Chinese economy in trouble, their companies have to cut prices, making their products more of a bargain than our products. This is why Democrats and Republicans were trying to make China revalue their currency…to make Chinese goods more expensive, and giving American companies a chance to compete. That wisdom’s gone now, along with a lot of sales.
Others are starting to notice this. The American Enterprise Institute, a conservative free market think tank, criticized our pro-tariff policies as hurting 6.5 million jobs from productions and trade, just to protect 140,000 jobs in the steel industry.
...
“Tariffs are simply taxes that raise prices for everyone,” chamber of commerce CEO Thomas J. Donohu said. “Tariffs that beget tariffs that beget more tariffs only lead to a trade war that will cost American jobs and economic growth.”
After the disastrous tariffs and trade wars of the 1930s ruined America’s economy and those of West Europe, it gave rise to fascism in Germany and Italy as democratic countries were initially too weak to resist. That’s why during the Cold War, Republicans and Democrats came together to support policies that reduced tariffs, or taxes that American people and companies pay on imported goods. Tax-free trade helped strengthen all of our countries to combat the Russian regime and Chinese government enemies.
Those who never learned those lessons from free market economics or history cling to their tariffs, promising that they will help us “win” by reducing trade deficits. Today’s trade deficit numbers have exposed those faulty big government policies for the empty promises that they are.