Mainecat Posted November 26, 2019 Share Posted November 26, 2019 Americans are paying $40 billion a year in import taxes thanks to Trump's tariffs Source: raw story Published 8 hours ago on November 25, 2019 According to a new study from the New York Federal Reserve, Chinese businesses have not lowered prices in a significant way when it comes to exports in response to President Trump’s trade wars, leaving Americans to absorb additional import taxes levied by the Trump administration, to the tune of around $40 billion per year. “The continued stability of import prices for goods from China means US firms and consumers have to pay the tariff tax,” study authors Matthew Higgins, Thomas Klitgaard, and Michael Nattinger, wrote. As Business Insider points out, the study’s findings contradict a claim made by Trump that foreign exporters are shouldering up to 25 percent of the costs — a claim the White House has continued to disseminate even after other studies have reached the same conclusion. “China is paying us tremendous — and they’re paying for it,” Trump said last week. “Those tariffs are not paid by us. Those tariffs are paid because they’re devaluing their currency and pouring cash into their economy.” According to the New York Fed, Chinese firms have “accepted the loss in competitiveness in the US market and have used the weaker currency to pad profits on each unit of sales.”................. Read more: https://www.rawstory.com/2019/11/americans-are-paying-40-billion-a-year-in-import-taxes-thanks-to-trumps-tariffs-study/ Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 26, 2019 Share Posted November 26, 2019 #winning. Quote Link to comment Share on other sites More sharing options...
Snake Posted November 26, 2019 Share Posted November 26, 2019 Overall, we rate Raw Story Left Biased based on story selection that favors the left and Mixed for factual reporting due to a half-true, false and unproven claims, as well as promotion of mild pseudoscience misinformation. (5/15/2016) Updated (M. Huitsing 7/26/2019) Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 26, 2019 Platinum Contributing Member Share Posted November 26, 2019 I just bought the wife and myself a couple nice frying pans last week. Didn't pay a penny in tariffs. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 26, 2019 Share Posted November 26, 2019 stop the chinese are paying all that money directly to america at no cost to the gen pop. 1 Quote Link to comment Share on other sites More sharing options...
Edmo Posted November 26, 2019 Share Posted November 26, 2019 Just about all the dem candidates support being tough with China. Go ahead MC, tell the class why this is? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted November 26, 2019 Share Posted November 26, 2019 1 minute ago, Edmo said: Just about all the dem candidates support being tough with China. Go ahead MC, tell the class why this is? It’s my understanding that MC was a very staunch and vocal supporter of all tariffs on Chinese products some time ago. Something happened to change his feeble mind I guess. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 26, 2019 Author Share Posted November 26, 2019 Amazing Trumpers here covering for his 40 billion tax increase. how low they will go for him. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 26, 2019 Platinum Contributing Member Share Posted November 26, 2019 33 minutes ago, Mainecat said: Americans are paying $40 billion a year in import taxes thanks to Trump's tariffs Source: raw story Published 8 hours ago on November 25, 2019 According to a new study from the New York Federal Reserve, Chinese businesses have not lowered prices in a significant way when it comes to exports in response to President Trump’s trade wars, leaving Americans to absorb additional import taxes levied by the Trump administration, to the tune of around $40 billion per year. “The continued stability of import prices for goods from China means US firms and consumers have to pay the tariff tax,” study authors Matthew Higgins, Thomas Klitgaard, and Michael Nattinger, wrote. As Business Insider points out, the study’s findings contradict a claim made by Trump that foreign exporters are shouldering up to 25 percent of the costs — a claim the White House has continued to disseminate even after other studies have reached the same conclusion. “China is paying us tremendous — and they’re paying for it,” Trump said last week. “Those tariffs are not paid by us. Those tariffs are paid because they’re devaluing their currency and pouring cash into their economy.” According to the New York Fed, Chinese firms have “accepted the loss in competitiveness in the US market and have used the weaker currency to pad profits on each unit of sales.”................. Read more: https://www.rawstory.com/2019/11/americans-are-paying-40-billion-a-year-in-import-taxes-thanks-to-trumps-tariffs-study/ Good. Buy American you cheap fuckers. Few years ago MC you would have been saying the same thing. Hypocrite. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 26, 2019 Author Share Posted November 26, 2019 1 minute ago, Highmark said: Good. Buy American you cheap fuckers. Few years ago MC you would have been saying the same thing. Hypocrite. One more time my position on tariffs was target certain products not tariff every fucking item. Also placing the blame on China is fuckin stupid. Corporate American is the problem they are offshoring production. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 26, 2019 Gold Member Share Posted November 26, 2019 We are dominating China. They are going to fall as business move out via other countries that aren’t tariffed. Plus America is making that back with increased wages and extremely low unemployment. People that were working under Obama are now working so they can afford a tiny tariff Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 26, 2019 Platinum Contributing Member Share Posted November 26, 2019 1 minute ago, Mainecat said: One more time my position on tariffs was target certain products not tariff every fucking item. Also placing the blame on China is fuckin stupid. Corporate American is the problem they are offshoring production. Well then tariffs will fix the corp America problem. Unless the consumer fixes it for them. Sure, some will just move to another country, but some will not. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 26, 2019 Platinum Contributing Member Share Posted November 26, 2019 Just now, Mainecat said: One more time my position on tariffs was target certain products not tariff every fucking item. Also placing the blame on China is fuckin stupid. Corporate American is the problem they are offshoring production. Not blaming just China. Corporations and us American's are too blame as well however its also smart to make changes now. Target certain products. Laughable to think that would get us anywhere with them. Come on MC you have to see that. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted November 26, 2019 Share Posted November 26, 2019 2 minutes ago, Mainecat said: One more time my position on tariffs was target certain products not tariff every fucking item. Also placing the blame on China is fuckin stupid. Corporate American is the problem they are offshoring production. Ummmm...no. We’ve all seen your posts that have been pulled up. The world must be a neat place for you. Quote Link to comment Share on other sites More sharing options...
Cold War Posted November 26, 2019 Share Posted November 26, 2019 2 minutes ago, Highmark said: Good. Buy American you cheap fuckers. Few years ago MC you would have been saying the same thing. Hypocrite. I remember when he used to post buy America threads all the time back in HCS days . With lists of made in USA companies. Something we always agreed on. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 26, 2019 Gold Member Share Posted November 26, 2019 Is everything from China hit by a tariff? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 26, 2019 Author Share Posted November 26, 2019 Just now, steve from amherst said: Well then tariffs will fix the corp America problem. Unless the consumer fixes it for them. Sure, some will just move to another country, but some will not. No they won’t. They are China only. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 26, 2019 Platinum Contributing Member Share Posted November 26, 2019 Just now, Cold War said: I remember when he used to post buy America threads all the time back in HCS days . With lists of made in USA companies. Something we always agreed on. And if a dem wins and keeps tariffs in place he will be saying it again. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 26, 2019 Platinum Contributing Member Share Posted November 26, 2019 Oh to have access to the old archives of FSCE and HCSCE. On 6/6/2016 at 2:23 PM, Mainecat said: They are what they are. Now compare them to third world countries that are not equal to the US like China, Vietnam and they are lower there. Compare the costs to Germany, France and even Canada and we are pretty even. Tariffs need to be put in place to even the playing field. You could eliminate every US tax and US manufacturers still couldn't compete with 50 cent and hour no benefit wages. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 26, 2019 Author Share Posted November 26, 2019 3 minutes ago, Highmark said: Not blaming just China. Corporations and us American's are too blame as well however its also smart to make changes now. Target certain products. Laughable to think that would get us anywhere with them. Come on MC you have to see that. Then tariff every countries products? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 26, 2019 Share Posted November 26, 2019 10 minutes ago, Mainecat said: Amazing Trumpers here covering for his 40 billion tax increase. how low they will go for him. that is not a awnser to the question asked of you mice deflection though Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 26, 2019 Author Share Posted November 26, 2019 3 minutes ago, Cold War said: I remember when he used to post buy America threads all the time back in HCS days . With lists of made in USA companies. Something we always agreed on. Still do but many products made here are from bit products imported from China. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 26, 2019 Share Posted November 26, 2019 2 minutes ago, Highmark said: Oh to have access to the old archives of FSCE and HCSCE. to fucking good . he will will not accept his tds sliding opinion even when slapped up side the face with it . deflection on its way Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 26, 2019 Author Share Posted November 26, 2019 3 minutes ago, Highmark said: Oh to have access to the old archives of FSCE and HCSCE. Really where does it say to tarrif every product from China? I mentioned Vietnam too. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 26, 2019 Share Posted November 26, 2019 1 minute ago, Mainecat said: Still do but many products made here are from bit products imported from China. and if those corps want to fuck America's workers they can pay . Quote Link to comment Share on other sites More sharing options...
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