Trump’s Devastating Trade War Is Taking $1.4 Billion Out Of The Pockets Of Taxpayers Each Month

[MarcATL]

Trump’s devastating trade war is taking $1.4 billion out of the pockets of taxpayers each month: report

According to new research provided by the Federal Reserve Bank of New York, Princeton University, and Columbia University, Americans are losing big economically due to President Donald Trump’s tariffs and trade wars.

.....

According to comments within the report, “Economists have long argued that there are real income losses from import protection. Using the evidence to date from the 2018 trade war, we find empirical support for these arguments.”

“Losses mounted steadily over the year, as each wave of tariffs affected additional countries and products, and increased substantially after the imposition of the wave 6 tariffs on $200 billion dollars of Chinese exports,” the report continued.

...

You can read more here.

Trump's devastating trade war is taking $1.4 billion out of the pockets of taxpayers each month: report

So, are the USMB rightwingers, Republicans and other self-professed conservatives OK w/this fact?

 

[EvilCat Breath]

I hadn't noticed. Therefore, if President Trump can use tariffs to bring these formerly fleecing countries to reason I am all for it.

 

[Kat]

OP's should be 3-4 paragraphs, link and comment.

MarcATL


USMB Rules and Guidelines

• Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

 

[MarcATL]

OP's should be 3-4 paragraphs, link and comment.

MarcATL


USMB Rules and Guidelines

• Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

Fixed.

 

[Wyatt earp]

Trump’s devastating trade war is taking $1.4 billion out of the pockets of taxpayers each month: report

According to new research provided by the Federal Reserve Bank of New York, Princeton University, and Columbia University, Americans are losing big economically due to President Donald Trump’s tariffs and trade wars.

.....

According to comments within the report, “Economists have long argued that there are real income losses from import protection. Using the evidence to date from the 2018 trade war, we find empirical support for these arguments.”

“Losses mounted steadily over the year, as each wave of tariffs affected additional countries and products, and increased substantially after the imposition of the wave 6 tariffs on $200 billion dollars of Chinese exports,” the report continued.

...

You can read more here.

Trump's devastating trade war is taking $1.4 billion out of the pockets of taxpayers each month: report

So, are the USMB rightwingers, Republicans and other self-professed conservatives OK w/this fact?

why do you hate higher wages for Union blue collar workers?

 

[Defiant1]

Trump’s devastating trade war is taking $1.4 billion out of the pockets of taxpayers each month: report

According to new research provided by the Federal Reserve Bank of New York, Princeton University, and Columbia University, Americans are losing big economically due to President Donald Trump’s tariffs and trade wars.

.....

According to comments within the report, “Economists have long argued that there are real income losses from import protection. Using the evidence to date from the 2018 trade war, we find empirical support for these arguments.”

“Losses mounted steadily over the year, as each wave of tariffs affected additional countries and products, and increased substantially after the imposition of the wave 6 tariffs on $200 billion dollars of Chinese exports,” the report continued.

...

You can read more here.

Trump's devastating trade war is taking $1.4 billion out of the pockets of taxpayers each month: report

So, are the USMB rightwingers, Republicans and other self-professed conservatives OK w/this fact?

Did the cost of Chinese made crack pipes go up?

 

[depotoo]

Bloomberg - Are you a robot?
China may increase U.S. pork imports to a record this year as part of a commitment to bolster purchases of American farm goods to resolve the trade war, according to people familiar with the situation.



Imports may rise as high as 300,000 metric tons of pork in 2019, the people said. That amount would be 81 percent more than the 166,000 tons in 2017, before the trade dispute started. One of the people said the Asian nation may order 200,000 tons in the first half of the year alone.



Big Bite
China plans to boost U.S. pork imports amid trade talks

 

[Brain357]

Hey the good news is that trade deficits are increasing…. oh wait, that's horrible news.

 

[Brain357]

Bloomberg - Are you a robot?
China may increase U.S. pork imports to a record this year as part of a commitment to bolster purchases of American farm goods to resolve the trade war, according to people familiar with the situation.



Imports may rise as high as 300,000 metric tons of pork in 2019, the people said. That amount would be 81 percent more than the 166,000 tons in 2017, before the trade dispute started. One of the people said the Asian nation may order 200,000 tons in the first half of the year alone.



Big Bite
China plans to boost U.S. pork imports amid trade talks

U.S. Posts Record Annual Trade Deficit

The U.S. trade deficit in goods hit a record in 2018, defying President Trump’s efforts to narrow the gap, as imports jumped and some exports, including soybeans and other farm products, got hammered by retaliation against U.S. trade policies.