US China Trade War This is a War of Values Curtis Ellis

US China Trade War: This is a War of Values’—Curtis Ellis

Curtis Ellis, who was special advisor to the Secretary of Labor in the Trump-Pence administration, and is now a Senior Policy Advisor with America First Policies. We discuss the rationale behind President Trump’s tariffs on China, and the longer-term implications of the US-China trade war—and US-China relations overall.
newtboysays...

Really?! A Trump apologist wants to ask if CHINA can be trusted to keep an agreement?! *facepalm It's like they're too starstruck by exalted leader to admit Trump is famously unconcerned with meeting his contractual (or civil, or moral, ethical, even familial) obligations.

Make no mistakes, this is a $50 BILLION per year tax increase, mostly on manufacturers, with a threat of $87.5 BILLION more coming soon. China doesn't pay a dime of that.

newtboysays...

Oops.
Ok @bobknight33, time for you to gloat. I was totally wrong about it costing us $50 billion per year....

....but I was dead on with the $87.5 billion per year figure according to the federal reserve's report....not including the tens of billions of taxpayer's money handed out to factory farms in Trump's enormous (bigger than Obama's) socialist handout program (but not to smaller privately owned farms who lost more). It also doesn't count the thousands of good jobs, factories, and farms permanently lost.
For all that money we still have no trade agreements and are in a worse position to negotiate one than when he started. No country trusts Trump's administration to fulfill it's obligations, so most negotiations are grinding to a halt.
All told, it's costing the U.S. well over $100 billion per year for just this one facet of Trump's total failures at negotiation and his utter ignorance of international trade and finance.

Winning!?! Only if you're Russia or Iran.

newtboysaid:

Really?! A Trump apologist wants to ask if CHINA can be trusted to keep an agreement?! *facepalm It's like they're too starstruck by exalted leader to admit Trump is famously unconcerned with meeting his contractual (or civil, or moral, ethical, even familial) obligations.

Make no mistakes, this is a $50 BILLION per year tax increase, mostly on manufacturers, with a threat of $87.5 BILLION more coming soon. China doesn't pay a dime of that.

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