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Trade War - how is that working out?

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OILERMAN   

Last night I saw a report on the trade war that went into detail about how Trump doesn't understand it at all 

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OILERMAN   
3 minutes ago, Justafan said:

 The dude is barely literate, just watch him try and read off a teleprompter.  

I've argued this and actually believe it

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OILERMAN   
16 hours ago, ctm said:

The trade deficit and the federal budget deficit are both increasing.  That's exactly the opposite of what Trump said he would do.   No amount of spin changes that.

Reports earlier were Trump was telling people in his admin "who cares about an exploding debt", I'll be gone!

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begooode   

Trump's long speeches from the teleprompter when he's forced to stay on message, are probably the most reading he's done in one sitting for several weeks at a time.

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Rogue   

Ben says it will take many years to win.  In other words, when a new president comes in and actually reduces the trade deficit, Ben will claim Trump's victory.  

 

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MadMax   
19 minutes ago, Rogue said:

Ben says it will take many years to win.  In other words, when a new president comes in and actually reduces the trade deficit, Ben will claim Trump's victory.  

 

This post should be pinned with a time stamp.

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On 3/6/2019 at 11:56 AM, Rogue said:

It means businesses that rely on these imports are paying higher taxes.  The opposite of conservative "thought"....right? 

 

A denial of reality, a staple of conservative "thought". 

Exactly. The tariffs cause a raise in steel prices which raises the cost of US goods and lowers  American companies profit margin because they are paying more for the same thing. And what do those companies do to offset that? Raise the price of consumer goods.  Math 101 Still winning!!

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7 hours ago, Justafan said:

Trump doesn't understand the simple ass Fox and dupes that he spends hours of executive time watching every day.  He can't even be bothered to read intel reports.  No chance in hell he can understand something as complicated as economics.  The dude is barely literate, just watch him try and read off a teleprompter.  He can't even pace himself and has to make awkward pauses or then he can't keep up so clearly they are slowing it down because he has to think so hard about the words.  It's the most unnatural and embarrassing thing to watch.  

He then plays to the crowd by telling them he’s off script. The idiots eat it up. 

Edited by IsntLifeFunny

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begooode   

So those steep car import tariffs were a real thing, not just Trump musings:

 

Cause of Action, a conservative economic group, has sued the Trump Commerce Department over its failure to release its report on auto tariffs.

 

The Commerce Department was tasked with writing a report to justify President Trump's proposed taxes on imported vehicles, an idea he has repeatedly brought up as a potential stick in his multilateral trade war.  CoA says the department failed to respond to its Freedom of Information Act (FOIA) requests to release the document, which provides the legal justification for Trump to impose the tariffs following a 90-day warning period. 

 

“The public should not have to take the government’s word that the report supports tariffs when the administration withholds the document it claims support its position," said CoA senior policy advisor James Valvo.  "The tariffs will harm American consumers and businesses, and the public has a right to see the information contained in the report," he added.

 

https://thehill.com/policy/finance/435108-conservative-group-sues-trump-administration-over-auto-tariffs-report

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https://www.washingtonpost.com/business/2019/05/07/trumps-steel-tariffs-cost-us-consumers-every-job-created-experts-say/?hpid=hp_hp-more-top-stories_trump-tariff-415pm%3Ahomepage%2Fstory-ans

 

U.S. consumers and businesses are paying more than $900,000 a year for every job saved or created by Trump steel tariffs, according to calculations by experts at the Peterson Institute for International Economics. The cost is more than 13 times the typical salary of a steelworker, according to Labor Department data, and it is similar to other economists’ estimates that Trump’s tariffs on washing machines are costing consumers $815,000 per job created.

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