This article answers questions about trade and tariffs.
Category: Tariffs
Trump’s temper tantrum
Here’s Paul Krugman’s opinion of the G7 and some of his tweets from earlier today. He wrote about Trump: ” He didn’t put America first; Russia first would be a better description. And he didn’t demand drastic policy changes from our allies; he demanded that they stop doing bad things they aren’t doing. This wasn’t a tough stance on behalf of American interests, it was a declaration of ignorance and policy insanity.”
What does Russia have on Trump?
There is no rational way to explain Trump’s suggestion that Russia should be readmitted to the G7 unless Russia has something on him. Russia was expelled because of their attack on the Ukraine. Since then, there was their meddling in the US election and the poisoning in the UK. There is no way they should be allowed back.
Trump has alienated our allies and put tariffs on him. He has taken the US out of the Iran accord but has nothing to replace it. He made the US the only country that is not in the Paris climate agreement. He withdrew from the TPP but has nothing instead. Asian countries will trade without us. Do you really think he can make deals? He has multiple bankruptcies, stiffed contractors, and pulled the Trump University scam. I don’t see how he is capable of making good deals that will help the US. He’s just a bully and liar.
He attacks our allies but sucks up to North Korea.
Putin must be thrilled by Trump’s disgraceful behavior.
Sad!
Update:
China is winning on solar power while Trump takes us into the past
“Republicans who for years have voted against subsidies for solar and wind power — arguing that the “free market” should decide our energy future — are now eager to have government subsidize coal.”
This column points out that while Trump is trying to take us back into the past with coal, China is moving ahead with solar power. Government policies have played a big part.
Sad!
Tariffs are more likely to eliminate than add jobs
Farmers are concerned about tariffs
I don’t feel sorry for anyone who voted for Trump who is hurt by his policies. He’s doing what he said he would do during the campaign. Trump voters have forced all of us to put up with an incompetent, lying bigot.
This is an excellent article in the New York Times. The writer got out of New York and spoke with Midwestern farmers about their concerns and the potential impact on future elections.
Trump’s tariff and trade deficit rants
Trump lies about the trade deficit. It’s $566 billion, not the $800 billion Trump says because he won’t count the US surplus on services.
Has it ever occurred to him that we spend more money on other countries products and services than they spend on ours because we have more money?
Trump exaggerates the impact of NAFTA and won’t acknowledge that the US has a trade surplus with Canada. His tariffs on aluminum and steel are likely to cost more jobs than they add. Sad!
Tariffs would have bad consequences
A roundup of articles on the potential negative effects of the US and Chinese tariffs on American businesses and workers.
Winemakers who sell to China will be hurt. China is the fifth biggest market for exported wines.
China’s retaliatory tariffs will affect agricultural areas that voted for Trump.
Tariffs against companies such as soybean producers could hurt Republicans in the 2018 elections.
On the other hand, people in Minnesota’s mining country approve of the tariffs.
The potential impact on the price of large TVs
The tariffs will raise prices for consumers who depend on the big-box stores for cheap goods. According to the column, “You think we have anger and resentment now in parts of the country where the factories have shuttered and the banks are closing and families are coming unglued? Try raising prices on imported toys and cellphones and barbecues, just enough so that American families living on the edge of solvency can’t make the numbers work anymore.”
Why tariffs on China won’t work.
Trump advisers have connections to steel companies that will benefit from tariffs.
Sad! 