What a Trade War With China Could Do to the Economy

[Jacob Boehme]

I came across a telling report from the ‘Fiscal Times’ today on Agent Orange’s coming trade war with China. This will make the Deplorables and one-tooth wonders who love tRump and shop at Walmart cry.

http://www.thefiscaltimes.com/Columns/2016/12/23/What-Trade-War-China-Could-Do-Economy

(Excerpt): A border tax would likely boost inflation by increasing the cost of everyday items imported from China and elsewhere. Retailers and producers would be in a lurch: Either pass the costs onto consumers or allow profitability to be pinched. Higher inflation would encourage more rapid Federal Reserve interest rate hikes.

[Auggie]

1. I will be surprised if corporate interests allow a trade war

They own Congress and won't empower them to upset their gravy train.

[patricia92243]

2. Can Trump pass a tariff without the consent of congress? n/t

[FarCenter]

3. Congress previously passed legislation delegating some powers over tariffs to the President

[pampango]

4. Presidents have created tariffs in specific industries in response to specific practices but

many of those were appealed to the WTO and reversed with penalties latter on (particularly many imposed by Bush). Some were upheld (including many imposed by Obama.

[RKP5637]

5. Also, we are indebted to China. Once the ass was saying, maybe the US should just renege

on all debt to all nations and pay just a little of it. The guy is insane.

[safeinOhio]

6. I see them renaming the

Dollar store to the Ten Dollar Store.

[HoneyBadger]

7. It would destroy Ebay

For some reason, most of the sellers on EBay are in China. You can order a little emoji pillow like kids hang from zipper pulls for a dollar with free shipping. The USPS has a deal where if you ship items from China, it costs less to have them delivered to your door than from across the street. Obviously it makes it impossible for US based shippers to be competitive.