Trump announces $60 billion tariff on Chinese high-tech and other goods

[pbmus]

Link to tweet

[SergeStorms]

1. I imagine Wall Street will just LOVE this news.

Shitler has no idea what he's doing, and there's no one around to tell him about all the bad ideas he comes up with. Trump is in heaven. He's fired everyone, or they've quit, so he's finally the dictator he's always wanted to be. Only he makes the decisions now, because he knows all the best words, and he's a stable genius. Oh, and he's like.....really smart.

[Eliot Rosewater]

2. Tremendous pain coming for American consumers.

[Fred Sanders]

3. Congress Republicans may give Shitler all the room he wants to

destroy democracy, but this money stuff...I predict will will not authorize by a wide margin. Still not dictator.

[Johnny2X2X]

4. Everyone loses in a trade war

Americans will notice it more than any other country though because we consume the most.

This is against decades of economic theory and US trade policy. The economy could very well implode under these policies.

[Iliyah]

5. GOPer's stronghold on rural America may come crashing down . . .

China will have their own tariff and it targets farmers!

[Civic Justice]

6. American Debt - since 1929 and more

https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287


Breaking Down Ownership of US Debt

By mid-2017, the total amount of official debt owed by the federal, state and local governments was more than $19.4 trillion. That figure is expected to reach at least $20.2 trillion by the start of 2018. Some experts add more than $120 trillion in unfunded future liabilities on the federal government balance sheet.

Look at the Republican Impact on Debt since the days of Reagan!!! And look at the flow over impact of GW Bush's war and Devastated Economy, that carried over through 2 Terms of Obama and what it cost to get us back afloat.

Republican's should never use the word "Fiscal Conservative" !!!!


As to China, It seems like every American politician and talking head is concerned by the huge amounts of debt that the U.S. government owes Chinese lenders. The Chinese do own a lot of U.S. debt -- $1.189 trillion as of October 2017.
https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

We don't even make the clothes and shoes we wear or the appliance in our homes or the electronic gadgetry we crave.

It might have been logical to find means to "rebuild and and firmly establish American Manufacturing" BEFORE trying to play "tariff games"; especially when we are "dependent on China for nearly everything we wear and utilize in our homes and business, including parts used in our manufacturing which exist?

Get Ready for the Calamity and Economic Chaos.... American citizens will pay more for the many things we use, that is made in China, http://www.universalcargo.com/top-10-import-goods-from-china-with-pics/

Wages won't go up, the tax cut was for the wealthy, and now the Fed's raised the rate, so companies Are NOT going to raise wages they will claim their borrowing debt is higher as reasoning, and with all the mega mergers being made by paper shuffling, we all should know by now, every merger cost 10's of thousands of job losses. consider the craziness of the derivative markets, not to mention 'over-inflated stock values". Everyone now claiming 'any business as being multi billion dollar businesses", when the economy has been working like crazy to over come the Crash of 2007-2008, with no mass new industrial growth, which means stagnated wages... One certainly has to be inquiring and wonder... where does the substance come from to support the fiction of so many Multi Billion dollar valued companies?

Japan’s Top 10 Exports
http://www.worldstopexports.com/japans-top-10-exports/

United States Top 10 Exports
http://www.worldstopexports.com/united-states-top-10-exports/