Airforceone wrote:
Dumb what do mean dumb Did Trump levy tariffs on China, Did China in turn levy tariffs on the US. Did Trump give two subsidies to the Farmers one for $25 billion and now $16 billion because China stop buying our goods.
So China imports goods to the US with a 25% tariff, cost of imports go up. American tax payer pays the increase in cost. Trump makes it sound like China is paying the US no the consumer pays the increase.
China stopped buying American agricultural products they can easily buy it somewhere else.just one example China use to buy $25 billion in soybean. Now China is buying there soybean from Brazil. And Trump gives our tax dollars to the farmers and that’s called socialism. All because of a self inflicted Trade war created by Trump.
So who’s dumb
Dumb what do mean dumb Did Trump levy tariffs on C... (
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AF1, listen, read and think. I hope you'll learn something here instead of listening to CNN. China lowers price of its products sold to the US, you think it is beneficial to the US because it is cheap? Therefore instead of buying our products, you people buy Chinese products.
As a result, US manufacturing and production will decrease. Some get bankrupt and close. There will be also reduction of employees because of lesser demands for our products. Our unemployment will go up.
Do you prefer to be unemployed and be on food stamps rather than work? This is the mentality of so many, because they could not understand how economy and capitalism works. They prefer hand outing than working.
During the last administration, annual trade imbalance with China was $640 billion or more. Mr. Obama allowed US as China's biggest market consumers. Handouts loved it because they buy cheap products from China, but didn't know the effects of China's manipulation of our market.
Under Obama, Real unemployment was between 16% to 21%. The BLS (Bureau of labor and Statistics} computed unemployment reports of 5% plus, [WRONG]. Here's what happened.
The OBAMACARE, required businesses with 50 employees working 40 hours /wk or more to pay for their medical care. These businesses could not afford the cost, and therefore could not continue doing business on an ongoing concern. Solutions, they reduced the 40 hours to 29 hours. . Then they hired more to cover the hours lost of the employees. Effects? That doubled the employment which appeared to increase thus reducing the rate of unemployed.
Effects? Those employees working for 29 hours a week, could not support their families. They then applied for food Stamp, and welfare to sustain them.
Effects? Mr. Obama increased to 49 million more households on food Stamps, and 51% of households did NOT pay INCOME TAX. This is a socialistic style of economy and governance.
President Trump is fixing all of these. We must have balance of trade with China, or China could overtake US within the next few years to be number one economy in the world. They also steal of Intellectual Properties. That is one of the reasons why tariff is impost to balance our trade.