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applegrove

(118,778 posts) Sun May 5, 2019, 01:32 PM May 2019

Trump Will Increase Tariffs on China on Friday

Trump Will Increase Tariffs on China on Friday

May 5, 2019 at 12:45 pm EDT By Taegan Goddard 41 Comments

https://politicalwire.com/2019/05/05/trump-will-increase-tariffs-on-china-on-friday/

"SNIP.....

In a pair of tweets, President Trump said he will hike tariffs on $200 billion worth of imports to 25 percent from 10 percent, The Washington Postreports.

“Trump had twice before postponed the scheduled increase to allow negotiators to seek a comprehensive deal. His threat increases pressure on a deal that Trump said has been going ‘too slowly.'”

.....SNIP"

5 replies

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Trump Will Increase Tariffs on China on Friday (Original Post) applegrove May 2019 OP

I could have told Drumpf M.O. of the Chinese at140 May 2019 #1

He hasn't a clue how tariffs work. He thinks he's hurting China but The Velveteen Ocelot May 2019 #2

You must be right because trade deficit with China at140 May 2019 #4

Had the orange anus actually read the required reading at that damned Wharton School..... Brother Buzz May 2019 #5

The tariffs are on us. C_U_L8R May 2019 #3

at140

(6,110 posts)

1. I could have told Drumpf M.O. of the Chinese

Reply to applegrove (Original post)

Sun May 5, 2019, 01:36 PM

May 2019

They are very patient, resilient and will wait you out until you get tired and give up.

The Velveteen Ocelot

(115,856 posts)

2. He hasn't a clue how tariffs work. He thinks he's hurting China but

Reply to applegrove (Original post)

Sun May 5, 2019, 01:36 PM

May 2019

he's actually hurting US consumers without creating significant revenue for the government. https://www.taxpolicycenter.org/taxvox/what-tariff-and-who-pays-it

at140

(6,110 posts)

4. You must be right because trade deficit with China

Reply to The Velveteen Ocelot (Reply #2)

Sun May 5, 2019, 01:37 PM

May 2019

just got bigger.

Brother Buzz

(36,466 posts)

5. Had the orange anus actually read the required reading at that damned Wharton School.....

Reply to The Velveteen Ocelot (Reply #2)

Sun May 5, 2019, 01:56 PM

May 2019

He might have picked up on what Adam Smith put down on tariffs in his seminal book, Wealth of Nation.

He hasn't a clue. Hell, he has the concept bass-ackwards, yet he's pitching the folly like he invented it.

C_U_L8R

(45,021 posts)

3. The tariffs are on us.

Reply to applegrove (Original post)

Sun May 5, 2019, 01:36 PM

May 2019

What an idiot.

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