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  • Tariffs!

    WASHINGTON (AP) -- President Donald Trump is declaring on Twitter a premature victory from his tariffs. Despite the manufacturing renaissance he claims, it's too soon to determine the full scope of any benefit or harm they might create.

    Trump is correct to say the tariffs should bring more money to the government. But it's not a meaningful amount in the context of a multitrillion-dollar budget. Companies that deal the most with the imports that Trump is taxing have had to absorb higher prices, yet the president says the price increases barely register.

    As for the steel sector, Trump can tout some new investments because of helpful government policy, but it's too early to claim that his policies have catapulted the industry to new heights.

    I don't put any weight on AP fact checking anything related to Trump, but I'm very interested in the whole tariff thing. In order for Trump's goals that he's using tariffs or the threat of tariffs to achieve, in many cases it will take many years to achieve those goals. China, for example, isn't going to give up its very huge trade advantage without a fight, so it could take a good many years before China decides that it is better off accepting a more fair relationship. It may well take factories closing in China and moving elsewhere, in some cases, back to the United States to bring a reality check to to the Chinese Communist Party... If they wait that long, however, it may be too late for them if industry shifts too heavily elsewhere.

    Because Trump is fighting to make trade fair for the USA, the USA can't really lose, but can gain greatly if the USA is willing to endure the short term pain that tariffs will bring. That Trump is making big tariff moves right before an election underscores the fact that Trump has his eyes on the goal of making America Great Again... even though the timing of some of his actions could lead to difficulties in these midterm elections. Trump really is not a politician. If Republicans keep their majorities in the House and Senate when the dust settles in November, it will be a very positive sign that the average guy on the street has enough understanding of all that Trump is trying to do to want him to be able to keep fighting the fight.

    Though I know that the USA is a bit player in the last days, I can't help but pray, "God bless America!"
    Tall Timbers, Imperfect but forgiven

    3 trees

  • #2
    Commerce Secretary Wilbur Ross: China is 'out of bullets' to retaliate against Trump's new tariffs

    Commerce Secretary Wilbur Ross said Tuesday that new U.S. tariffs on China are aimed at modifying Beijing's behavior and leveling the playing field for American companies competing there.

    Ross appeared on CNBC the morning after the administration announced that President Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, with those duties rising to 25 percent at the end of the year.

    China said it has no choice but to retaliate , and it accused the U.S. of not being sincere. It said talks on an equal footing are the only way to resolve the issue.

    China is "out of bullets" to retaliate because its imports to the U.S. are nearly four times larger than the U.S. exports to China, Ross said on "Squawk Box."

    Tall Timbers, Imperfect but forgiven

    3 trees