Confirmed. Consumer and US businesses paying nearly all tariff costs.

[miketx]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

In your case "confirmed" means you swallow it hook line and sinker because it's what you want to believe.

"Confirmed" was the article title. Outside of that you didn't explain how the article was wrong. (Because it isn't)

As usual, America hating scumbag swallows at will.Must be a sad state to not know a GD thing and get all your "facts" from proven liars. No one is more stupid than these.

 

[imawhosure]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They'reWhat the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident!

We aren't growing at 2.5 to 3%. Remove the billions the Fed is pumping and we are actually negative.

It's funny how the "capitalist" simply love the socialist nature of artificially low interest rates and pumping by the Fed.

Without this we are in a major recession.

2 things then------->

1. With this statement you ADMIT (if you are accurate) that the Obama expansion was totally due to the fed who had LOWER interest rates during his tenure, and

It absolutely was. Obama failed at every aspect of a president.

2. that to keep the fed from printing more money, there is no way in hell we can afford to elect a Democrat who wants to spend 30 to 50 trillion extra over 10 years!

You can spend as long as you pay. This is how it is supposed to work. No? Are you a big fan of increased debt like Trump just signed?

Why don't you tell the nice posters how much money the fed brings in today per year WHILE running a deficit, and how much taxes would have to rise (cough-cough, around 75%) to pay for the Democrats utopian ideas.

Remember how Warren was riding high in the polls, until she had to tell the truth, lol.

And then of course, tell the 180 MILLION Americans that have private health insurance, they have to give that up! And I haven't even gotten to the green new deal, which by your leaders accounts that if we don't address, we will all die in 12 years. (or is it 10?)

You actually believe Americans are going to go for this? Maybe in New York, California, and Illinois. The rest of the country, not so much.

And then, you tell Americans they have to RELINQUISH their private healthcare so as illegals can have some, lol. Go ahead! I have utmost confidence that Americans are going to laugh your side off the ballot!

 

[imawhosure]

If the economy was as good as Trumpsters claim, we wouldn't have the need for QE4

~S~

LOL, I am not going to sit here and tell you we have a hand of a royal flush, but I will tell you---------->we have 3 kings to your pair of 3s-)

 

[sparky]

Bluff all you'd like whosure

It's been the Fed's game for a century now....

~S~

 

[Harpy Eagle]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They're

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

What the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident as they insist, although they won't even acknowledge the path this whole tariff thing is on, nor how brilliantly or luckily it was navigated!

Obama was in office for 10 years?

How did that happen.

And no economists predict that the USMCA will be adding 1 to 2 points up. What a load of crock. Even the Trump admin admits the USMCA will only add 176,000 jobs over the 16 year lifespan of the agreement.

Ahhh, now there you go again, lol. I NEVER said how many jobs it would add Mr Gator. What I said was----------------->because the tariff removal would inject MORE cash into Americans hands to spend, the economy would boom more. In essence--------->it is another TAX CUT!

You are assuming that prices will automatically drop when the tariffs are removed, but that is not always the case. If the customer has gotten used to paying the higher price, a company would not generally drop it down, they would just enjoy the increased profits. Was there a large drop in prices when the corporate tax cuts were passed?

 

[toobfreak]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

BULLSHIT. The tariffs have greatly hurt the Chinese economy, that is why they want to work out a new, better trade deal, idiot! Why does your article not point that out?

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

In your case "confirmed" means you swallow it hook line and sinker because it's what you want to believe.

"Confirmed" was the article title. Outside of that you didn't explain how the article was wrong. (Because it isn't)

As usual, America hating scumbag swallows at will.Must be a sad state to not know a GD thing and get all your "facts" from proven liars. No one is more stupid than these.

Right, just stomp your feet. Maybe flail a bit on the ground?

 

[gipper]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

In your case "confirmed" means you swallow it hook line and sinker because it's what you want to believe.

"Confirmed" was the article title. Outside of that you didn't explain how the article was wrong. (Because it isn't)

As usual, America hating scumbag swallows at will.Must be a sad state to not know a GD thing and get all your "facts" from proven liars. No one is more stupid than these.

Right, just stomp your feet. Maybe flail a bit on the ground?

He does that. He only knows blind adherence to the oligarchy.

 

[pknopp]

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident!

We aren't growing at 2.5 to 3%. Remove the billions the Fed is pumping and we are actually negative.

It's funny how the "capitalist" simply love the socialist nature of artificially low interest rates and pumping by the Fed.

Without this we are in a major recession.

2 things then------->

1. With this statement you ADMIT (if you are accurate) that the Obama expansion was totally due to the fed who had LOWER interest rates during his tenure, and

It absolutely was. Obama failed at every aspect of a president.

2. that to keep the fed from printing more money, there is no way in hell we can afford to elect a Democrat who wants to spend 30 to 50 trillion extra over 10 years!

You can spend as long as you pay. This is how it is supposed to work. No? Are you a big fan of increased debt like Trump just signed?

Why don't you tell the nice posters how much money the fed brings in today per year WHILE running a deficit, and how much taxes would have to rise (cough-cough, around 75%) to pay for the Democrats utopian ideas.

Remember how Warren was riding high in the polls, until she had to tell the truth, lol.

And then of course, tell the 180 MILLION Americans that have private health insurance, they have to give that up! And I haven't even gotten to the green new deal, which by your leaders accounts that if we don't address, we will all die in 12 years. (or is it 10?)

You actually believe Americans are going to go for this? Maybe in New York, California, and Illinois. The rest of the country, not so much.

And then, you tell Americans they have to RELINQUISH their private healthcare so as illegals can have some, lol. Go ahead! I have utmost confidence that Americans are going to laugh your side off the ballot!

Unless you are demanding that we raise taxes to start paying for the wars and our 21 Trillion dollar deficit, you have no standing in telling people they must pay for health care.

I find it odd how we don't have to pay for needlessly killing people but we have to pay to make them well.

Do you agree that we need raise taxes to pay for the wars?

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

BULLSHIT. The tariffs have greatly hurt the Chinese economy, that is why they want to work out a new, better trade deal, idiot! Why does your article not point that out?

That isn't the argument. We also gain nothing by hurting the Chinese economy.

The point is Trump said the Chinese would pay the tariffs. They are not. You don't need to explain things to me. Things are happening just as I and many others noted it would, you need to explain this to Trump.

 

[Harpy Eagle]

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident!

We aren't growing at 2.5 to 3%. Remove the billions the Fed is pumping and we are actually negative.

It's funny how the "capitalist" simply love the socialist nature of artificially low interest rates and pumping by the Fed.

Without this we are in a major recession.

2 things then------->

1. With this statement you ADMIT (if you are accurate) that the Obama expansion was totally due to the fed who had LOWER interest rates during his tenure, and

It absolutely was. Obama failed at every aspect of a president.

2. that to keep the fed from printing more money, there is no way in hell we can afford to elect a Democrat who wants to spend 30 to 50 trillion extra over 10 years!

You can spend as long as you pay. This is how it is supposed to work. No? Are you a big fan of increased debt like Trump just signed?

Why don't you tell the nice posters how much money the fed brings in today per year WHILE running a deficit, and how much taxes would have to rise (cough-cough, around 75%) to pay for the Democrats utopian ideas.

Remember how Warren was riding high in the polls, until she had to tell the truth, lol.

And then of course, tell the 180 MILLION Americans that have private health insurance, they have to give that up! And I haven't even gotten to the green new deal, which by your leaders accounts that if we don't address, we will all die in 12 years. (or is it 10?)

You actually believe Americans are going to go for this? Maybe in New York, California, and Illinois. The rest of the country, not so much.

And then, you tell Americans they have to RELINQUISH their private healthcare so as illegals can have some, lol. Go ahead! I have utmost confidence that Americans are going to laugh your side off the ballot!

Unless you are demanding that we raise taxes to start paying for the wars and our 21 Trillion dollar deficit, you have no standing in telling people they must pay for health care.

I find it odd how we don't have to pay for needlessly killing people but we have to pay to make them well.

Do you agree that we need raise taxes to pay for the wars?

not to pick at nits, but are debt is 23 trillion dollars and our deficit this year will be about 1.3 trillion.

 

[pknopp]

We aren't growing at 2.5 to 3%. Remove the billions the Fed is pumping and we are actually negative.

It's funny how the "capitalist" simply love the socialist nature of artificially low interest rates and pumping by the Fed.

Without this we are in a major recession.

2 things then------->

1. With this statement you ADMIT (if you are accurate) that the Obama expansion was totally due to the fed who had LOWER interest rates during his tenure, and

It absolutely was. Obama failed at every aspect of a president.

2. that to keep the fed from printing more money, there is no way in hell we can afford to elect a Democrat who wants to spend 30 to 50 trillion extra over 10 years!

You can spend as long as you pay. This is how it is supposed to work. No? Are you a big fan of increased debt like Trump just signed?

Why don't you tell the nice posters how much money the fed brings in today per year WHILE running a deficit, and how much taxes would have to rise (cough-cough, around 75%) to pay for the Democrats utopian ideas.

Remember how Warren was riding high in the polls, until she had to tell the truth, lol.

And then of course, tell the 180 MILLION Americans that have private health insurance, they have to give that up! And I haven't even gotten to the green new deal, which by your leaders accounts that if we don't address, we will all die in 12 years. (or is it 10?)

You actually believe Americans are going to go for this? Maybe in New York, California, and Illinois. The rest of the country, not so much.

And then, you tell Americans they have to RELINQUISH their private healthcare so as illegals can have some, lol. Go ahead! I have utmost confidence that Americans are going to laugh your side off the ballot!

Unless you are demanding that we raise taxes to start paying for the wars and our 21 Trillion dollar deficit, you have no standing in telling people they must pay for health care.

I find it odd how we don't have to pay for needlessly killing people but we have to pay to make them well.

Do you agree that we need raise taxes to pay for the wars?

not to pick at nits, but are debt is 23 trillion dollars and our deficit this year will be about 1.3 trillion.

OK...thanks. its getting hard to keep up.

 

[Flash]

I don't know why these Libtards are bitching about tariffs. Tariffs are taxes to the Federal government and we all know how these Libtards love taxes. They all voted for that asshole Obama who raised taxes and that idiot Crooked Hillary that ran on a platform to raise taxes. Why in the hell are these stupid Moon Bats bitching about Trump raising taxes when they voted for candidates that promised to raise taxes?

More taxes to pay for the Moon Bat's wet dream of more welfare and more government spending and all the things the greedy Moon Bats love the government to give them.

They need to think things out better before they do their Trump bitching because they look like fools.

 

[pknopp]

I don't know why these Libtards are bitching about tariffs. Tariffs are taxes to the Federal government and we all know how these Libtards love taxes. They all voted for that asshole Obama who raised taxes and that idiot Crooked Hillary that ran on a platform to raise taxes. Why in the hell are these stupid Moon Bats bitching about Trump raising taxes when they voted for candidates that promised to raise taxes?

More taxes to pay for the Moon Bat's wet dream of more welfare and more government spending and all the things the greedy Moon Bats love the government to give them.

They need to think things out better before they do their Trump bitching because they look like fools.

The complaints are not over taxes. The complaints are over Trump's lies.

 

[Ray From Cleveland]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They'reWhat the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident as they insist, although they won't even acknowledge the path this whole tariff thing is on, nor how brilliantly or luckily it was navigated!

Obama was in office for 10 years?

How did that happen.

And no economists predict that the USMCA will be adding 1 to 2 points up. What a load of crock. Even the Trump admin admits the USMCA will only add 176,000 jobs over the 16 year lifespan of the agreement.

Ahhh, now there you go again, lol. I NEVER said how many jobs it would add Mr Gator. What I said was----------------->because the tariff removal would inject MORE cash into Americans hands to spend, the economy would boom more. In essence--------->it is another TAX CUT!

You are assuming that prices will automatically drop when the tariffs are removed, but that is not always the case. If the customer has gotten used to paying the higher price, a company would not generally drop it down, they would just enjoy the increased profits. Was there a large drop in prices when the corporate tax cuts were passed?

With or without tariffs, companies still compete against each other. The people that have the lowest priced goods are the items stores want to sell. If you and I owned companies that distribute widgets from overseas, and the tariff came down, so are my prices to try and sell more widgets than you.

One company we delivered to manufactures for Walmart. Walmart was always on their ass to sell for lower prices. Their product was basically plastic, and we had to pickup and redeliver the plastic die to three different places because the lowest priced plastic company got the work.

 

[Ray From Cleveland]

I don't know why these Libtards are bitching about tariffs. Tariffs are taxes to the Federal government and we all know how these Libtards love taxes. They all voted for that asshole Obama who raised taxes and that idiot Crooked Hillary that ran on a platform to raise taxes. Why in the hell are these stupid Moon Bats bitching about Trump raising taxes when they voted for candidates that promised to raise taxes?

More taxes to pay for the Moon Bat's wet dream of more welfare and more government spending and all the things the greedy Moon Bats love the government to give them.

They need to think things out better before they do their Trump bitching because they look like fools.

If Hillary was President today and did the exact same thing, these very same complainers would be celebrating. It's not the outcome they're upset with, it's because it's Trump that's doing it. TDS.

The only thing they hate more than Trump's policies is Trump himself. If Trump put an initiative to cure cancer and actually succeeded, all they'd be doing is complaining about how many jobs in the healthcare industry will be lost.

 

[Harpy Eagle]

If Hillary was President today and did the exact same thing, these very same complainers would be celebrating. It's not the outcome they're upset with, it's because it's Trump that's doing it. TDS.

The only thing they hate more than Trump's policies is Trump himself. If Trump put an initiative to cure cancer and actually succeeded, all they'd be doing is complaining about how many jobs in the healthcare industry will be lost.

If Hillary was President today and did the exact same thing, these very same celebrators would be complaining. It's not the outcome they're upset with, it's because it's was Hillary that's doing it. HDS.

Funny you should mention cancer just after Trump took credit for the cancer death rate decline.

 

[Ray From Cleveland]

If the economy was as good as Trumpsters claim, we wouldn't have the need for QE4

~S~

So who said we have the need for it? We had quantitive easing since DumBama's first term when he created this great economy the left talks about so much.

 

[Flash]

I don't know why these Libtards are bitching about tariffs. Tariffs are taxes to the Federal government and we all know how these Libtards love taxes. They all voted for that asshole Obama who raised taxes and that idiot Crooked Hillary that ran on a platform to raise taxes. Why in the hell are these stupid Moon Bats bitching about Trump raising taxes when they voted for candidates that promised to raise taxes?

More taxes to pay for the Moon Bat's wet dream of more welfare and more government spending and all the things the greedy Moon Bats love the government to give them.

They need to think things out better before they do their Trump bitching because they look like fools.

The complaints are not over taxes. The complaints are over Trump's lies.

No Moon Bat, you TDS afflicted morons are bitching because Trump is collecting more money and you are hypocrites because you idiots have always advocated more taxes.

You love taxes, don't you? So quit your bitching. Well, you greedy little Moon Bats say you love taxes but what you really mean is that you love other people paying taxes, not yourself.

If you were concerned about a President lying about taxes then you should be bitching about your lying Negro President who said he would not raise taxes on anybody making less than $250K a year and he blatantly lied about that like he lied about many other things.

You stupid uneducated low information Moon Bats are as ignorant of Economics as you are of History, the Constitution, Climate Science, Biology and Ethics.

If you had ever taken a course in International Economics you would understand how devastating a significant Balance of Trade will be for a country in the long run. It robs a country of its wealth. If it goes on long enough a country (like China) will eventually own you because they will have all your money, which is a payment on demand of your wealth. Unlike you stupid Moon Bats Trump understands this and is using the only tool he has to correct the imbalance. It is working. Unlike your stupid little Negro President Trump is not giving away the store and you TDS afflicted idiots can't stand it, can you?

 

[pknopp]

I don't know why these Libtards are bitching about tariffs. Tariffs are taxes to the Federal government and we all know how these Libtards love taxes. They all voted for that asshole Obama who raised taxes and that idiot Crooked Hillary that ran on a platform to raise taxes. Why in the hell are these stupid Moon Bats bitching about Trump raising taxes when they voted for candidates that promised to raise taxes?

More taxes to pay for the Moon Bat's wet dream of more welfare and more government spending and all the things the greedy Moon Bats love the government to give them.

They need to think things out better before they do their Trump bitching because they look like fools.

The complaints are not over taxes. The complaints are over Trump's lies.

No Moon Bat, you TDS afflicted morons are bitching because Trump is collecting more money and you are hypocrites because you idiots have always advocated more taxes.

You love taxes, don't you? So quit your bitching. Well, you greedy little Moon Bats say you love taxes but what you really mean is that you love other people paying taxes, not yourself.

If you were concerned about a President lying about taxes then you should be bitching about your lying Negro President who said he would not raise taxes on anybody making less than $250K a year and he blatantly lied about that like he lied about many other things.

You stupid uneducated low information Moon Bats are as ignorant of Economics as you are of History, the Constitution, Climate Science, Biology and Ethics.

If you had ever taken a course in International Economics you would understand how devastating a significant Balance of Trade will be for a country in the long run. It robs a country of its wealth. If it goes on long enough a country (like China) will eventually own you because they will have all your money, which is a payment on demand of your wealth. Unlike you stupid Moon Bats Trump understands this and is using the only tool he has to correct the imbalance. It is working. Unlike your stupid little Negro President Trump is not giving away the store and you TDS afflicted idiots can't stand it, can you?

I state facts ....you call people names. It helps understand the attraction to Trump. Yes, he is one of you.