The tariff fight that could swing the election

[1srelluc]

https://www.politico.com/newsletters/politico-nightly/2024/05/08/the-tariff-fight-that-could-swing-the-election-00156905

PAINTED INTO A CORNER — Since he ran for president in 2020, President Joe Biden and his team have promised to rethink the tariffs that his predecessor imposed on China.

Now, after years of debate and delay, they may have little choice but to double down on Trump’s approach.

Trump, you’ll remember, imposed tariffs on more than $300 billion worth of imports from China back in 2018. Biden came to office promising to replace that brute-force approach with a more nuanced one.

Biden Set to Hit China EVs, Strategic Sectors With Tariffs

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

www.bloomberg.com

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

Tariffs must be polling great again!

Biden pushes EV down Americans throats. Biden places tariffs on the country that has a monopoly on EV battery materials.

Let me guess, it takes effect following the election so as to blame the republicans.

 

[Mikeoxenormous]

https://www.politico.com/newsletters/politico-nightly/2024/05/08/the-tariff-fight-that-could-swing-the-election-00156905

PAINTED INTO A CORNER — Since he ran for president in 2020, President Joe Biden and his team have promised to rethink the tariffs that his predecessor imposed on China.

Now, after years of debate and delay, they may have little choice but to double down on Trump’s approach.

Trump, you’ll remember, imposed tariffs on more than $300 billion worth of imports from China back in 2018. Biden came to office promising to replace that brute-force approach with a more nuanced one.

Biden Set to Hit China EVs, Strategic Sectors With Tariffs

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

www.bloomberg.com

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

Tariffs must be polling great again!

Biden pushes EV down Americans throats. Biden places tariffs on the country that has a monopoly on EV battery materials.

Let me guess, it takes effect following the election so as to blame the republicans.

Nothing like actually doing something in an election year, that could of been done on day one. Fuck the Marxists/Demofascists, and their stupid ass voters.

 

[wamose]

Protectionism is good, especially when you're protecting American jobs and consumers. MAGA

 

[jwoodie]

Fighting currency manipulation is good. Protectionism is bad.

 

[sealybobo]

https://www.politico.com/newsletters/politico-nightly/2024/05/08/the-tariff-fight-that-could-swing-the-election-00156905

PAINTED INTO A CORNER — Since he ran for president in 2020, President Joe Biden and his team have promised to rethink the tariffs that his predecessor imposed on China.

Now, after years of debate and delay, they may have little choice but to double down on Trump’s approach.

Trump, you’ll remember, imposed tariffs on more than $300 billion worth of imports from China back in 2018. Biden came to office promising to replace that brute-force approach with a more nuanced one.

Biden Set to Hit China EVs, Strategic Sectors With Tariffs

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

www.bloomberg.com

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

Tariffs must be polling great again!

Biden pushes EV down Americans throats. Biden places tariffs on the country that has a monopoly on EV battery materials.

Let me guess, it takes effect following the election so as to blame the republicans.

Looks like Stellantis is trying to help Trump and fight back against the union that won big raises last year.

The announcement of 2,450 layoffs at Stellantis’ Warren Truck Assembly Plant marks a new phase in the global war on jobs. Autoworkers must wage an all-out fight to force a halt to the cuts with coordinated actions, independent of the trade union bureaucracy, uniting workers across the US and the world. No time must be wasted between now and October 8, when the cuts are scheduled to take effect.

I'm not for tariff'ing everything. I would be selective on who I tariff. Stellantis, I would absolutely slap a big old tariff on them if they leave for China or Mexico.

Stellantis to Cut Up to 2,450 Jobs at Michigan Plant

The plant's assembly production line will reduce operations from two shifts per day to one and will only produce its Jeep Wagoneer vehicle line at the site, the company said.

www.industryweek.com

 

[surada]

Nothing like actually doing something in an election year, that could of been done on day one. Fuck the Marxists/Demofascists, and their stupid ass voters.

Trump Tariff Aid To Farmers Cost More Than U.S. Nuclear Forces

The $28 billion for farmers raises questions about using taxpayer money to shield policymakers from the consequences of tariff increases.

www.forbes.com

After a series of tariff increases on Chinese imports, the government of China retaliated against U.S. exporters, as predicted by trade analysts outside of the administration. As a result, U.S. exports, particularly of agricultural goods, dropped significantly. “Losing the world’s most populous country as an export market has been a major blow to the [U.S.] agriculture industry,” reported the New York Times in August 2019.

“Total American agricultural exports to China were $24 billion in 2014 and fell to $9.1 billion last year, according to the American Farm Bureau.”

In 2018, U.S. farmers’ soybean exports to China declined by 75%, according to the U.S. International Trade Commission.

To shore up political support from farmers, Donald Trump approved increasing amounts of government aid to farmers harmed by the trade policies that the Trump administration itself initiated. Trump was open about the purpose of the payments. “I sometimes see where these horrible dishonest reporters will say that ‘oh jeez, the farmers are upset,’” he told attendees of an Illinois farmer show in August 2019.

“Well, they can’t be too upset, because I gave them $12 billion and I gave them $16 billion this year. . . . I hope you like me even better than you did in ’16.”