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Some perspective on tariffs


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2019 Apr 30, 7:07am   1,268 views  9 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://threadreaderapp.com/thread/1122955004514586624.html

This is what we are up against. Purchased politicians doing the bidding of multinational corporate interests and simultaneously trying to hide their motives.

President @realDonaldTrump is disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He has been fighting, almost single-handed, at the threshold of the economic abyss. So far he has been winning. ...

President Trump is confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA), that's us.

There are trillions at stake; it is all about the economics; all else is chaff and countermeasures.

Familiar faces, perhaps faces we previously thought were decent, are now revealing their alignment with larger multinational entities and corporate benefactors. These were our hidden abusers and now Trump is forcing them into the sunlight. ...

Elite financial interests, including those within Washington DC, gain wealth and power, the U.S. workforce is reduced to servitude, “service”, of their affluent needs.
24. The destruction of the U.S. industrial and manufacturing base is EXACTLY WHY the wealth gap has exploded in the past 30 years. ...

Behind this dynamic we find the international corporate and financial interests who are inherently at risk from President Trump’s “America-First” economic and trade platform. Believe it or not, President Trump is up against an entire world economic establishment.

34. When we understand how trade works in the modern era we understand why the agents within the system are so adamantly opposed to U.S. President Trump.

The biggest lie in modern economics, willingly spread and maintained by corporate media, is that a system of "global markets" still exists.

It doesn’t.
36. Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations.

Institutions like the World Trade Organization (WTO), IMF and World Bank control trillions of dollars in economic activity.
37. Underneath that economic activity there are people who hold the reigns of power over the outcomes. These individuals and groups are the stakeholders in direct opposition to principles of America-First national economics. ...

U.S. President Trump smartly understands what has taken place; and more importantly he is working through a deliberate process to reverse it to the benefit of the U.S. economy.

President @realDonaldTrump is a one man, economic, yellow vest of power; actually reversing decades of middle-class destruction.

And the elites, including those within our own political class; who are no longer able to exploit or influence the U.S. economy under his stewardship; are absolutely apoplectic that Trump has smashed their trade-trough of scheme and graft.

46. THAT is what @ChuckGrassley's Op-Ed was all about.

Comments 1 - 9 of 9        Search these comments

1   Onvacation   2019 May 11, 7:58am  

Tim Aurora says
One of your own Russian is better than a purchased politician any day. They can't buy Trump if Russia refuses to sell.

In spite of reality.

TDS may have no cure.
2   mell   2019 May 11, 11:18am  

Hat says
GDP. And America is unlikely to profit, because the extra tariffs won’t bring back manufacturing jobs to the US –


Of course they do, it's simple math. Math doesn't lie. It just is. In fact quite a bit of manufacturing has already returned.
3   REpro   2019 May 11, 11:56am  

Tariffs and especially low corporate tax, indeed brings jobs back to US.

Many US corp. moved out just to get cut on taxes. Example is moving headquarters to Ireland or Bahama islands.
Tariffs also makes similar domestic production to stay competitive to import, hence companies can stay in business or expand.
Many foreign big corporations, including China, dump subsidized production just for a reason to kill domestic production and then being the only player rise prices without limits.
Typical monopoly game.
Searching for low costs employee will always continue. Trade off is usually lower quality and not every production can accept it.
God bless Trump.
4   REpro   2019 May 11, 1:24pm  

There is a part of every society who LOVE POWER AND MONEY. They are on every side of political wings; liberals, conservatists, socialists, republicans, feudalists, democrats, communists, etc.. Nothing is going to change this. They will do whatever it takes to achieve their goals, regardless if its going to destroy country economy and society or advance economy and society. Elites are everywhere. Blaming one side or another going to nowhere. Only creation of mechanism based on critical thinking, common sense, can create progress where everybody can win.
5   Booger   2019 May 11, 5:50pm  

Hat says
Keep dreaming - those high paying jobs with benefits aren't coming back - schleppy service jobs - you bet.


Liberals are living in clown world if they think Trump won't impose tariffs on other countries besides China
6   MisdemeanorRebel   2019 May 11, 8:23pm  

REpro says
Many US corp. moved out just to get cut on taxes. Example is moving headquarters to Ireland or Bahama islands.


The reason for that is corporate inversion. It's not just Ireland or the Bahamas, it's that those jurisdictions allow double-pass throughs via other jurisdictions that exempt tax, like the "Dutch-Irish Sandwich".

https://www.investopedia.com/terms/d/double-irish-with-a-dutch-sandwich.asp

One of the beautiful things about Brexit is that it will stop Goggle and Amazon from laundering money via their Dutch-Irish Sandwiches and require their sales be booked - and taxed - in the UK.

And a whole bunch of Dubliners are gonna lose their high tech jobs of the future that they gained purely by merit (TM)!
7   REpro   2019 May 11, 9:43pm  

Hat:
"US President Donald Trump lacks the negotiating talent needed to resolve the US-China trade war in America’s favour,"

I will leave this statement only to last 20 years successful negotiations with China. Probably they are very rich now.
8   Patrick   2019 May 11, 11:15pm  

APOCALYPSEFUCKisShostikovitch says
You really want to fix this?

The states needs to ban all imports derived from slave labor.

China is a slave state.

No unions. No guns. No elections. = slave state.

As soon as the chinese are shooting, organizing and voting for Whigs Fucking on the Beach, Labor, etc in general elections, their ships can access USA! ports and drop cargo.

Otherwise their ships will be sunk on sight.

Done.


Agreed!
9   rdm   2019 May 12, 12:22pm  

Patrick says
U.S. President Trump smartly understands what has taken place;



"White House economic adviser Larry Kudlow admitted to Fox News that the Chinese do not directly pay tariffs on goods coming into the U.S."

Axios: “President Trump has repeatedly claimed, incorrectly, that tariffs are forcing China is paying billions of dollars to the U.S. Treasury. The tariffs are paid by U.S. importers of affected Chinese goods, not by China’s government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.”

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