Trump Will Aim For 60% Tariffs On China If Reelected

Wow, somebody is a fan of high taxes and inflation and not a fan of capitalism and free markets.

 

Neither will American consumers who pay for it one way or the other if Trump is elected. And let's not forget that when Trump was president he imposed tariffs on the Chinese who responded in kind by imposing tariffs on American agricultural exports which ultimately resulted in American taxpayers paying for $28 billion in subsidies to farmers to compensate for the loss of the Chinese market.
Trump Tariff Aid To Farmers Cost More Than U.S. Nuclear Forces

92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers

 

Wow, imagine making yourself poorer to own the libs.

 

Do you have the slightest idea of how tariffs function? China wont be cutting checks to the usa. Consumers will be paying it.

 

Trump has said that he hopes the economy crashes so that he won't be another Herbert Hoover (paraphrasing the Orange One). If he is elected and imposes the tariff he will be virtually assured of being another Herbert Hoover.
June 17, 1930: Hoover Signs Disastrous Smoot-Hawley Tariff into Law

 

Well, quite a few problems all arising from one simple fact: there are countries in the world that are not the US and China. That means that other countries could supply products and those products are produced for sale in countries other than the US.

 

Manufacturing jobs are at their highest levels since 2008 under Biden. A giant tariff on Chinese goods would likely do a lot more harm than good. It would cause inflation and no way do the Chinese buy stuff made in America. We'd all be paying more, and we would likely loss as many jobs as it creates.

 

Trump must actually love inflation because his tariffs will would significantly increase the prices paid by US consumers and there already is an example.
Trump’s Washing Machine Tariffs Stung Consumers While Lifting Corporate Profits (Published 2019)
How Tariffs Stained the Washing Machine Market (Published 2019)

As an effort to help domestic producers, the tariffs worked — very briefly. Whirlpool added 200 jobs at its factory in Clyde, Ohio. Its stock price jumped $20 per share in the first few days after the tariffs took effect. Then things went bad.

A year after Mr. Trump announced the tariffs, washing machine prices were up, as many analysts had expected. But that has not been a boon to the makers of washers because fewer Americans are investing in new laundry equipment, exposing how protectionist trade policies can backfire on the very companies they are meant to safeguard. ​

 

OP hates capitalism. Sad.

 

You obviously didn't think this through very far, did you? Who the hell do you think is ultimately going to pay those tariffs?

 

Get a hobby that's not related to politics. This isn't a healthy way to feel.

 

In other words, you don't care about yourself nor your country. All you care about is owning da libz! Everything else is secondary. No wonder why Trump has a cult following!

 

There is no way companies would move manufacturing back to America over this ... we'd all just pay 60% more for a short time.

The reason why companies would not move back is (a) because the next president will just immediately undo it, or (b) Trump sees 10-15% inflation reported, gets rightfully blamed for it, undoes it himself.

 

Is this the same guy who was earlier complaining about how divisive Biden is?

 

God damn is Trump a moron. Make the entire country poorer to own da libs. Anti-MAGA