Despite the rhetoric on how President Trump's tariffs are good for the country, the majority of Americans oppose the tariffs, according to an NBC News and WSJ poll: https://t.co/cI54HTYJfT pic.twitter.com/gk6QYtfr7w
— MSNBC (@MSNBC) August 3, 2018
The existing trade war between China and the U.S., started by the Trump admin, could lead to a net loss of 468,790 jobs, according to The Trade Partnership.
— MSNBC (@MSNBC) August 3, 2018
Trump confuses a positive trade balance with making money (just as he thinks a trade deficit means we are losing money).
Also says “the higher I make it (tariff), the better it is.” https://t.co/VYmtdEPgeb
— Brendan Nyhan (@BrendanNyhan) August 5, 2018
— World News Tonight (@ABCWorldNews) August 5, 2018
Trump doesn't even account for the likelihood that instead of paying tariffs, countries will just trade with other countries that won't impose tariffs on them, and cut the United States out.
He's simply not equipped for this task. pic.twitter.com/WvL0Ua0Ymb
— Aaron Rupar (@atrupar) August 5, 2018
The North Carolina Farm Bureau said this has not been a good year for farmers.
"Why should agriculture have to bear the brunt of all the retaliation from our trading partners?" said NC Farm Bureau President Larry Wooten.
— Red T Raccoon (@RedTRaccoon) August 5, 2018
— CNN (@CNN) August 5, 2018
Trump tells the rally crowd his tariffs are particularly helping soybean farmers in Ohio.
The American Soybean Association just two days ago said it "continues to urge the Administration to find non-tariff solutions to ongoing trade disputes."
— Ryan Struyk (@ryanstruyk) August 5, 2018
Is Trump following some kind of clever political strategy on trade? I don't think so. I think he's genuinely ignorant, and gets more belligerent the worse things look https://t.co/tjS9qLyh3i
— Paul Krugman (@paulkrugman) August 5, 2018
Prices for soda and motorcycles are rising as manufacturers cope with rising tariff costs https://t.co/6Wq3WfvZt3
— Ronald Brownstein (@RonBrownstein) July 31, 2018
— Cathleen Decker (@cathleendecker) August 5, 2018
This is just a reminder that Trump's tariffs led to a total collapse of soybean prices which led to a $12 billion bailout. That comes to about $37 per American. Those tax savings that don't really exist are quickly being chipped into by the POTUS. It's going to get worse.
— James Kosur (@JamesKosur) August 5, 2018
Like most noise Trump makes, tariffs are his negotiating tactic via diversion. https://t.co/exf8nWf4yE
— USA TODAY (@USATODAY) August 5, 2018
— Reuters Top News (@Reuters) July 28, 2018
1) The trade deficit and the budget deficit are different things.
2) Trump’s tariffs threaten US jobs and growth, and do not shrink the budget deficit.
3) Trump has already grown the budget deficit much larger than it was when Obama left — by cutting taxes for very rich people. https://t.co/0rrYAWrGj8
— Rep. Don Beyer (@RepDonBeyer) August 5, 2018
Coke is raising prices – and blaming President Trump's tariffs https://t.co/vxOw26JhsO
— TIME (@TIME) July 27, 2018
Trump trade war threatens American energy dominance https://t.co/aDiJ06lsh3
— Rick Tyler (@rickwtyler) July 27, 2018
How can it be that he doesn’t know tariffs on imports are paid by U.S. customers? He has to know this, doesn’t he? https://t.co/lKD0A9Xv3K
— Ben White (@morningmoneyben) August 5, 2018