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Trump announce tariffs that shock rest of GOP.

metis

metis

aged ecumenical anthropologist
Is he just using this as a tactic to take people's minds off the train-wreck within his administration?
 
Twilight Hue

Twilight Hue

Twilight, not bright nor dark, good nor bad.
Father Heathen said:
Shocked GOP senators pan Trump's tariff announcement

What are your thoughts on this, particularly those of you who are conservative?
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Givin that tariff money goes to the government of which manufacturers essentially don't pay the tariffs themselves, the consumers do as the end users, I think Trump should look at it more and find ways to actually bring the steel and metals industry back into to the states where they used to be.

It looks like something Democrats would do tbh. The Band-aid approach to things.
 
ThePainefulTruth

ThePainefulTruth

Romantic-Cynic
metis said:
Is he just using this as a tactic to take people's minds off the train-wreck within his administration?
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What train wreck? What the media focuses on, or the incredible amount of things he's accomplished in spite of that and the opposition of establishment Republicans as well?
 
S

suncowiam

Well-Known Member
I agree with it particularly since it's against China.

They do it to us concerning autos.
 
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Father Heathen

Father Heathen

Veteran Member
ThePainefulTruth said:
What train wreck? What the media focuses on, or the incredible amount of things he's accomplished in spite of that and the opposition of establishment Republicans as well?
Click to expand...
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Twilight Hue

Twilight Hue

Twilight, not bright nor dark, good nor bad.
ThePainefulTruth said:
As he stated in his campaign, he's going to use tariffs as a countermeasure for countries, or importers in general, who receive artificial government subsidies which they use to undercut prices in the US.
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That explains it better. Figure the article dosent give the full story. Typical for the media.
 
sandy whitelinger

sandy whitelinger

Veteran Member
The economics of tarrifs are tricky. As long as we have a national budget deficit we are in effect adding money to the national money supply. A trade deficit helps drain this excess money out of our system.

Tarrifs restrict this export of excess money. This would cause a buildup of money supply in the US which leads to inflation here. This would need to be balanced by a decline in deficit spending or an increase of money reserves order by the Fed to banks.
 
metis

metis

aged ecumenical anthropologist
ThePainefulTruth said:
As he stated in his campaign, he's going to use tariffs as a countermeasure for countries, or importers in general, who receive artificial government subsidies which they use to undercut prices in the US.
Click to expand...
But the economists are shaking in their boots because Trump, if he's dumb enough to actually go through with it, will start a trade war, and such "wars" benefit no one in the long run. We simply can't go back to the 1950's.
 
sandy whitelinger

sandy whitelinger

Veteran Member
suncowiam said:
I agree with it particularly since it's against China.

They do to us concerning autos.
Click to expand...
Not just autos. They subsidize cheap merchandise because they need American money in order to buy oil (world market oil can only be bought with greenbacks). China does not produce enough oil for its needs and desperately need greenbacks. Their military cannot run long on their reserves and domestic production. This is a dangerous game the Cheeto plays. It's incumbent on the position though.
 
ThePainefulTruth

ThePainefulTruth

Romantic-Cynic
metis said:
But the economists are shaking in their boots because Trump, if he's dumb enough to actually go through with it, will start a trade war, and such "wars" benefit no one in the long run. We simply can't go back to the 1950's.
Click to expand...

What you're hearing is the reaction of the establishment. Yes, there are some who genuinely don't understand what he's doing, or the ones lacking the courage to take the steps necessary to put things right even though it may mean some initial setbacks--the same as real war. Those tariffs you're talking about were mostly protectionist, which I am against. Trump's are there to eliminate foreign artificial subsidies. Unfettered trade in both directions is the goal. If we had an honest media not beholding to the establishment, people, including those on the trading floors, would know that.

The same un-information happened a couple of weeks ago when the markets crashed due to fears of rising interest rates, even though an ideal interest rate is almost certainly something above 0%--if nothing else as a cushion against deflation, which would be much worse. Think 2%.
 
Kuzcotopia

Kuzcotopia

If you can read this, you are as lucky as I am.
Nowhere Man said:
It looks like something Democrats would do tbh. The Band-aid approach to things.
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Agreed. As someone who votes democrat, I want more control and regulation of foreign trade.

So yeah, Trump done good this time.
 
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