http://www.washingtonexaminer.com/article/2579850
I don't see how this wouldn't hurt the overall economy right from the start. Your talking about a massive increase on the cost of goods across the board. Instead of focusing on how we can encrouage domestic growth by cutting regulations and tax breaks for domestic companies trumps solution is more taxes? Wake up conservatives this guy isn't what he says.
Quote:Balancing the trade deficit with China is a good idea. Why don't you want to balance the trade deficit?
Because this wouldn't balance the trade deficit. It would piss China off. The way to balance the trade deficit is to stop increasing the debt ceiling and start paying China off, not by giving them a reason to call in the loans we owe them.
The US is the only "superpower" out there that is financially dependent upon its adversary.
He already put out his tax plan and he already talked about fecreasing the regulatory beaurocracy. Our gpods and services are massively taxed when they enter their markets. 45 might not be the final # but 700 billion annual trade deficit wont work either.
Quote:Because this wouldn't balance the trade deficit. It would [BAD WORD REMOVED] China off. The way to balance the trade deficit is to stop increasing the debt ceiling and start paying China off, not by giving them a reason to call in the loans we owe them.
The US is the only "superpower" out there that is financially dependent upon its adversary.
So your solution is to continue to suck the teet of Mother China? No, sorry. The trade deficit must be fixed. What are they going to do about it? Their market is in a complete collapse. They want to call for their debt? Then they better be ready for total war.
Quote:So your solution is to continue to suck the teet of Mother China? No, sorry. The trade deficit must be fixed. What are they going to do about it? Their market is in a complete collapse. They want to call for their debt? Then they better be ready for total war.
No, my solution is to stop raising the debt ceiling and force Congress to lay off of China's boobs. As long as the debt ceiling keeps being raised, Congress has no incentive to stop shoving pork barrel projects through, throwing infinity dollars of imaginary money at the military and giving payouts to failing companies to keep them from going under.
If you want the kid to stop eating cookies, close the jar up and throw it in a lake.
Quote:No, my solution is to stop raising the debt ceiling and force Congress to lay off of China's boobs. As long as the debt ceiling keeps being raised, Congress has no incentive to stop shoving pork barrel projects through, throwing infinity dollars of imaginary money at the military and giving payouts to failing companies to keep them from going under.
If you want the kid to stop eating cookies, close the jar up and throw it in a lake.
That stops any further increases, but the debt still exists. You have to curb the debt, and adding tariffs to trade with China will do that. Don't forget that China also has the ability to join the TPP in a couple years. If they join the TPP, then expect the trade deficit to balloon exponentially.
Quote:That stops any further increases, but the debt still exists. You have to curb the debt, and adding tariffs to trade with China will do that. Don't forget that China also has the ability to join the TPP in a couple years. If they join the TPP, then expect the trade deficit to balloon exponentially.
I'm fine with adding tariffs, but 45%? That'd do more damage to our economy than it would theirs.
Quote:I'm fine with adding tariffs, but 45%? That'd do more damage to our economy than it would theirs.
Knowing Trump's campaign so far, it was probably hyperbole, but who knows. He has been a chess player so far, and his moves are so far ahead of everyone else it is hard to keep up. Trump understands international business and maybe realizes that his blanket plan is extreme, so the statement was put forward to do exactly that, make a statement that we won't be controlled by China any further.
The vast majority of the debt is held domestically. Thr debt is an accumulation of the fiscal deficit not the trade deficit.
I wonder how these same people would react if Bernie Sanders or Hillary Clinton suggested this.
Quote:I wonder how these same people would react if Bernie Sanders or Hillary Clinton suggested this.
The problem is, they DIDN'T.. Nobody else has.. That's why this country needs Trump.. Everyone else is just worried about politicking.
Quote:Balancing the trade deficit with China is a good idea. Why don't you want to balance the trade deficit?
Also, please review Trump's tax reform plan before jumping to conclusions. It is pro-growth for domestic businesses.
<a class="bbc_url" href='https://www.donaldjtrump.com/positions/tax-reform'>https://www.donaldjtrump.com/positions/tax-reform</a>
<a class="bbc_url" href='http://taxfoundation.org/article/details-and-analysis-donald-trump-s-tax-plan'>http://taxfoundation.org/article/details-and-analysis-donald-trump-s-tax-plan</a>
Our entire consumer market is dependent on low cost golds. You impose a 45% tarrif over night there's a 50% increase in the cost of goods. Could you handle 50% higher office supplies, car parts, electronics, appliances, computer software, household goods, even if it was short term?
Quote:He already put out his tax plan and he already talked about fecreasing the regulatory beaurocracy. Our gpods and services are massively taxed when they enter their markets. 45 might not be the final # but 700 billion annual trade deficit wont work either.
Understood but if you have a 45% bell even 30% tarrif on goods from the biggest importer coming in the cost of goods will skyrocket overnight. Even in a perfect scenario where domestic goods replaced the tarrifed imports that would take at least a year to reach consumers. Do you think a post Obama economy is strong enough to withstand a 50% increase in goods for a year?
Quote:So your solution is to continue to suck the teet of Mother China? No, sorry. The trade deficit must be fixed. What are they going to do about it? Their market is in a complete collapse. They want to call for their debt? Then they better be ready for total war.
Its not even in a recession its not growing as fast as expected but still growing. Being their economy is state controlled they manipulate the hell out of their markets but you can't say its in a collapse its not even close to that
Read "The Art of the Deal"
As someone pointed out in another thread, you open with an outrageous offer then negotiate from there
Quote:Read "The Art of the Deal"
As someone pointed out in another thread, you open with an outrageous offer then negotiate from there
This. Him saying a blanket 45% tariff on goods from China sounds outrageous, but it now has us talking about trade with China and correcting the deficit. He has been doing this kind of stuff the whole campaign.
Trump supporters keep telling me he doesn't mean what he says, weather it's what he said before he became a Republican candidate or what he says while campaigning is just hyperbole to start a conversation. At some point we have to take the man at his word and not what we want to believe him to be.
Quote:This. Him saying a blanket 45% tariff on goods from China sounds outrageous, but it now has us talking about trade with China and correcting the deficit. He has been doing this kind of stuff the whole campaign.
Trump has a pretty unique way of floating an idea that sounds outrageous at first, but suddenly it becomes a topic that had previously been avoided like the plague. Agree with him or not, he's actually forcing the campaigns to be somewhat substantive. Long way to go to November.