MAGA: China's 2018 trade surplus with the US was $323 billion- the highest ever recorded
- Thread starter exGOPer
- Start date
I wonder who's bitch slapping him the most in negotiations more,China or Nancy
That you and I paid
Wow you seriously think the tariffs were applied on all goods??? Take a look at the exempted goods list and it is almost as long as the goods the tariffs were put on. I do some import/export trade with Chinese suppliers and none of the products I deal with have tariffs because they were on the exempted list.
You got bullshitted and fleeced by your President. The extra money brought in by tariffs were paid by your average American citizen who had to pay more for the steel, for example, they bought from China.
So that $32 billion imaginary number you are quoting, whatever is the real amount, it is all out of the U.S. taxper's pocket.
MAGA....
Trump Seeks New $15 Billion Subsidy To Protect Farmers From His Own Trade War
The president falsely claims that tariffs are paid “directly” to the U.S. Treasury by China and indicates these nonexistent Chinese funds will cover the subsidy cost.
President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.
That would be an additional bill for U.S. taxpayers already shouldering the cost of increased tariffs in the form of higher costs for products and parts from China.
Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal, Trump proposed eliminating three food aid programs, Politico noted.
The president appeared to dismiss the impact of the cost as he falsely claimed — again — that “massive” tariff payments are being paid by China “directly” to the U.S. Treasury, which would presumably be used to cover the cost of the subsidy. There is “absolutely no need to rush” to negotiate a deal with China, he tweeted.
In fact, the tariffs are paid by U.S. importers, who pass on the extra costs to the American consumer in the form of higher prices for products, a fact White House economic adviser Larry Kudlow admitted Sunday. Economists have estimated that the trade war is costing the U.S. more than $3 billion a month.
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....
— Donald J. Trump (@realDonaldTrump) May 10, 2019
The president falsely claims that tariffs are paid “directly” to the U.S. Treasury by China and indicates these nonexistent Chinese funds will cover the subsidy cost.
President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.
That would be an additional bill for U.S. taxpayers already shouldering the cost of increased tariffs in the form of higher costs for products and parts from China.
Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal, Trump proposed eliminating three food aid programs, Politico noted.
The president appeared to dismiss the impact of the cost as he falsely claimed — again — that “massive” tariff payments are being paid by China “directly” to the U.S. Treasury, which would presumably be used to cover the cost of the subsidy. There is “absolutely no need to rush” to negotiate a deal with China, he tweeted.
In fact, the tariffs are paid by U.S. importers, who pass on the extra costs to the American consumer in the form of higher prices for products, a fact White House economic adviser Larry Kudlow admitted Sunday. Economists have estimated that the trade war is costing the U.S. more than $3 billion a month.
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....
— Donald J. Trump (@realDonaldTrump) May 10, 2019
Welfare scum
Tom Cotton: US farmers are facing ‘pretty minimal’ sacrifices in trade war because they aren’t being killed
Sen. Tom Cotton (R-AR) asserted on Monday that Americans who suffer economic consequences due to President Donald Trump’s trade war with China are not making the type of sacrifices that soldiers killed in action have made.
During an interview on CBS This Morning, host Norah O’Donnell warned that the trade war “could end up hurting many farmers” in Cotton’s home state of Illinois.
“There will be some sacrifice on the part of Americans, I grant you that,” Cotton admitted. “But also that sacrifice is pretty minimal compared to the sacrifices that our soldiers make overseas that are fallen heroes or laid to rest.”
Sen. Tom Cotton (R-AR) asserted on Monday that Americans who suffer economic consequences due to President Donald Trump’s trade war with China are not making the type of sacrifices that soldiers killed in action have made.
During an interview on CBS This Morning, host Norah O’Donnell warned that the trade war “could end up hurting many farmers” in Cotton’s home state of Illinois.
“There will be some sacrifice on the part of Americans, I grant you that,” Cotton admitted. “But also that sacrifice is pretty minimal compared to the sacrifices that our soldiers make overseas that are fallen heroes or laid to rest.”
What if Farmer's started committing suicide so there were less farmers hurt by the tariffs...that would up the level of sacrifice...