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benson13

Bend Over America...trump’s Confusion and lack of Knowledge over Trade Policy reaches an unsettling new level

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Trump recently boasted, in reference to trade policy, “I understand that issue better than anybody.” He later added, “I know every ingredient. I know every stat. I know it better than anybody knows it.”

 

 

I realize that the president has a bizarre habit of assuming that he’s an expert in every subject, but his insistence that he’s a world-class authority on trade policy is hopelessly bonkers.

 

Trump started the week with new trade threats directed at China, predicated on the false idea Beijing has been pouring money into the U.S. treasury thanks to his tariff policy. The Republican added soon after that tariffs are contributing to stronger domestic economic growth, which isn’t even close to being true.

At his campaign rally in Florida, Trump continued to get the details of his own trade agenda wrong, and at a White House event yesterday, he argued with great confidence that Americans aren’t paying more as a result of his tariffs, which is the exact opposite of the truth.

 

A Washington Post analysis yesterday described the president’s trade agenda as “an intellectual disaster.”

 

What the author of that piece failed to anticipate was that Trump wasn’t quite done. Indeed, the Republican made matters quite a bit worse this morning.

He began by misstating (not the first time) the size of the U.S. trade imbalance with China and confusing the difference between a trade deficit and a loss.

Trump soon after added, “Talks with China continue in a very congenial manner — there is absolutely no need to rush – as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S.” Again, this is spectacularly wrong.

 

But it was at this point that the president apparently made a little news. “With the over 100 Billion Dollars in Tariffs that we take in, we will buy agricultural products from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance,” he tweeted, adding, “Our Farmers will do better, faster, and starving nations can now be helped…. If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else.”

 

I’ll just let Philip Bump take it from here:

A 25 percent tariff on $575 billion would yield about $144 billion, for what it’s worth. But again: This is not money being paid by China. Some of the tariff fees will be paid by the Chinese manufacturers in an effort to keep costs down, sure. Some will be paid by businesses. But much will be paid by consumers. It’s that $767 tax – a $62.5 billion tax increase nationally.

 

Trump’s worried about farmers because much of what the United States exports to China is agricultural. China’s retaliatory tariff on soybeans dramatically reduced exports to that country, the world’s largest consumer of the crop. Farmers, of course, often live in rural red states that are key to Trump’s base of political support. The government has already moved to bolster farmers with financial support to offset the damage done by the trade war.

 

What Trump’s claiming here, though, is that he’ll take money paid by China in the form of tariffs to buy the farmers’ goods and ship them to other countries – leaving lots of money left over for other funding needs. But we can translate his argument in a less flattering way: Trump is taxing American consumers and using some of that money to buy agricultural products to protect part of his political base from his trade war.

Whether Trump understands any of this is unclear, but it’s the kind of wealth redistribution scheme that, if recommended by a Democratic president, would’ve prompted widespread Republican apoplexy.

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Yesterday, Bloomberg aired a story about trumps understanding of tariffs...it's laughable. They should replay it hourly!!!..I'll try to find it

 

 

"I'M LIKE....LIKE......SMART......VERY VERY SMART"

 

4964169fe2b6bdae4853399c9ab42cea.jpg

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1 minute ago, benson13 said:

taxing American consumers and using some of that money to buy agricultural products to protect part of his political base from his trade war.

  He needs to get the money to buy votes from somewhere.

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Let's see here.

 

CHINA has been VIOLATING every singe Trade agreement EVER made. Every. Single. One.

 

"Playing nice" with China, PRAYING that they will comply with their agreements HAS NOT WORKED. EVER!!

 

Now, DUE TO THE TRUMP TARIFFS, China is seeing a LOT of ECONOMIC PROBLEMS and their PEOPLE are getting pissed over it.

 

CHINA wants to be THE WORLD SUPERPOWER- economically, militarily, and be the ONLY BULLY that can dictate to everyone else what they will do or won't do.

 

UNLESS we reign in China over the next 4-5 years, they CAN AND WILL achieve their agenda!!!

 

You SHlTSTAINS and your "play pretty with China" policy has been a TOTAL FAILURE.

 

PRESIDENT Trump's HARDBALL is working and doing so FAR BETTER than you goddamn LOSER IDIOTS ever imagined.

 

EVEN ChuckU Schumer agrees. As does a LOT of other Dhumocraps in the House and Senate!!!
 

SHUT THE FU'CK UP, beanie, AND GO POUND SAND!!!
 

It's working.

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MAGA, moron, MAGA!!!

 

STRONGEST Economy in 75 years.


LOWEST unemployment in 60 years.

 

MORE in the workforce in DECADES!!

 

And what does YOUR PARTY want to do????


Destroy it all!!!

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You've chosen to ignore content by MidnightMax

You've chosen to ignore content by MidnightMax

You've chosen to ignore content by MidnightMax

 

 

 

 

Like the rest of the Room has.....

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Just now, benson13 said:

You've chosen to ignore content by MidnightMax

You've chosen to ignore content by MidnightMax

You've chosen to ignore content by MidnightMax

 

 

 

 

Like the rest of the Room has.....

ROFLMAO!!!
 

TRUMP is kicking his ASS and this goddamn SHlTSTAIN is tooooo fuc'king STOOPID to realize it!!!

 

As the rest of the room does!!!

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You've chosen to ignore content by MidnightMax

 

 

 

 

Get lost (3-votes) WV LOSER

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I wrote 'The Art of the Deal' with Trump. His self-sabotage is rooted in his past

The Trump I got to know had no deep ideological beliefs, nor any passionate feeling about anything but his immediate self-interest.

Over the past week, in the face of criticism from nearly every quarter, Trump's distrust has almost palpably mushroomed. No importuning by his advisers would stand a chance of constraining him when he feels this deeply triggered. The more he feels at the mercy of forces he cannot control -- and he is surely feeling that now -- the more resentful, desperate and impulsive he becomes.

https://www.sfgate.com/opinion/article/I-wrote-The-Art-of-the-Deal-with-Trump-His-11152458.php

 

 

 

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3 minutes ago, Squatchman said:

  China is the new world superpower.

 

 

You’re an idiot

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Trump is 100% right about trade  policy and all of you libs are wrong.

 

There is no need for unfair trade and any of you who support the status quo are morons 

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1 hour ago, benson13 said:

Trump recently boasted, in reference to trade policy, “I understand that issue better than anybody.” He later added, “I know every ingredient. I know every stat. I know it better than anybody knows it.”

 

 

I realize that the president has a bizarre habit of assuming that he’s an expert in every subject, but his insistence that he’s a world-class authority on trade policy is hopelessly bonkers.

 

Trump started the week with new trade threats directed at China, predicated on the false idea Beijing has been pouring money into the U.S. treasury thanks to his tariff policy. The Republican added soon after that tariffs are contributing to stronger domestic economic growth, which isn’t even close to being true.

At his campaign rally in Florida, Trump continued to get the details of his own trade agenda wrong, and at a White House event yesterday, he argued with great confidence that Americans aren’t paying more as a result of his tariffs, which is the exact opposite of the truth.

 

A Washington Post analysis yesterday described the president’s trade agenda as “an intellectual disaster.”

 

What the author of that piece failed to anticipate was that Trump wasn’t quite done. Indeed, the Republican made matters quite a bit worse this morning.

He began by misstating (not the first time) the size of the U.S. trade imbalance with China and confusing the difference between a trade deficit and a loss.

Trump soon after added, “Talks with China continue in a very congenial manner — there is absolutely no need to rush – as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S.” Again, this is spectacularly wrong.

 

But it was at this point that the president apparently made a little news. “With the over 100 Billion Dollars in Tariffs that we take in, we will buy agricultural products from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance,” he tweeted, adding, “Our Farmers will do better, faster, and starving nations can now be helped…. If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else.”

 

I’ll just let Philip Bump take it from here:

A 25 percent tariff on $575 billion would yield about $144 billion, for what it’s worth. But again: This is not money being paid by China. Some of the tariff fees will be paid by the Chinese manufacturers in an effort to keep costs down, sure. Some will be paid by businesses. But much will be paid by consumers. It’s that $767 tax – a $62.5 billion tax increase nationally.

 

Trump’s worried about farmers because much of what the United States exports to China is agricultural. China’s retaliatory tariff on soybeans dramatically reduced exports to that country, the world’s largest consumer of the crop. Farmers, of course, often live in rural red states that are key to Trump’s base of political support. The government has already moved to bolster farmers with financial support to offset the damage done by the trade war.

 

What Trump’s claiming here, though, is that he’ll take money paid by China in the form of tariffs to buy the farmers’ goods and ship them to other countries – leaving lots of money left over for other funding needs. But we can translate his argument in a less flattering way: Trump is taxing American consumers and using some of that money to buy agricultural products to protect part of his political base from his trade war.

Whether Trump understands any of this is unclear, but it’s the kind of wealth redistribution scheme that, if recommended by a Democratic president, would’ve prompted widespread Republican apoplexy.

"Schumer praises Trump for China tariffs"

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"I'M LIKE....LIKE......SMART......VERY VERY SMART"

 

 

706b44a42c72b29d6acffc50256bc8f6--us-election--truth-hurts.jpg

 

dsc_0337.jpg

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6 hours ago, benson13 said:

Yesterday, Bloomberg aired a story about trumps understanding of tariffs...it's laughable. They should replay it hourly!!!..I'll try to find it

 

 

"I'M LIKE....LIKE......SMART......VERY VERY SMART"

 

4964169fe2b6bdae4853399c9ab42cea.jpg

That is very good. The business model of casinos is that people walk in and GIVE you their money. Trump went bankrupt with THAT business model

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and how the F***....do you do that?????????????????????????

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20% tariffs are here. Deplorables will pay more for Chinese made muu muus and wife beater t-shirts. 

 

 

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ConMan trump is THE LAST person that should be representing the US in regards to ANYTHING!

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Just now, benson13 said:

ConMan trump is THE LAST person that should be representing the US in regards to ANYTHING!

STFU YOU LIBERAL ASSWIPE RETARD

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3 minutes ago, benson13 said:

ConMan trump is THE LAST person that should be representing the US in regards to ANYTHING!

"Schumer praises Trump for China tariffs"

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Comrade personreal
'Trump is the best president in US history of the solar system'

 

 

 

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