A pillar of Trump's campaign is to get out of NAFTA and kill TPP as well as slap on huge tariffs for imported goods. Economists think that well make things more expensive in America and Kill American Jobs.
President Reagan attempted a similar anti-laissez-faire program:
Large tariffs would mean that Americans would pay more. When President Ronald Reagan put a quota on the number of cars Japan could ship to the United States, American car makers hiked prices by $1,000 on average, knowing they would face less foreign competition.
Do you agree?
It's a little difficult to understand how increasing prices on imports will kill American jobs. The idea is that it will promote American jobs as it will now be cheaper to make products with American labor than pay the tariff and that does seem reasonable.
One could argue that it will cost American jobs because no one has the money to spend on American products (having given it to government in the form of tariffs), but isn't the obvious solution to reduce taxes by that same amount, leaving Government with the same "income" and the people with the same "spending money"? Or do you expect liberals to gobble up the extra "taxes" in entitlements to further lock the citizen to government charity?
I do think the tariffs are fraught with danger and that they could result in considerable harm. The question is would they cause more harm than continued exodus of jobs, and that one is impossible to predict without seeing that actual taxes being proposed.
by JAKE Earthshine 4 years ago
And just about everything else: His crazy reckless ineptitude is causing massive gas and product tax hikes which is passed on to all Americans: While retarded, dangerously unhinged ‘Donald the Bozo CLOWN’ falls perversely in love with an evil N Korean dictator named Kim Jung Un like the natural...
by JAKE Earthshine 4 years ago
Unprecedented instability, we’ve never experienced anything as chaotic and destructive as this: Greatest stock market crash in history, Unilateral trade wars with our allies instigated recklessly by Mr. Trump which is killing jobs for his own voters and everyone else, Americans dropping out of the...
by Scott Belford 5 years ago
President Trump starts a trade war with the rest of the world say such wars are good for America. Everybody of intelligence tells him he is wrong. Now that reality is hitting Americans and American producers with huge loses, as expected and predicted, Trump wants to spend $12 billion to...
by Randy Godwin 5 years ago
Despite Trumps promises to the contrary GM announced it was closing several plants and firing thousands of employees including upper level management. This wasn't a huge surprise as GM announced last summer they were having problems selling certain models of their cars.So much for Trump's grandiose...
by Scott Belford 5 years ago
The short answer is no! According to http://money.cnn.com/2018/06/08/news/ec … index.html tariffs worldwide are the Lowest in history. Here are some numbers to play with:- Average (until Trump) American tariffs on imports 2.4%- Average (until Trump) Canadian tariffs on imports:...
by Ralph Schwartz 5 years ago
The United States is the ONLY economy in the world improving right now. President Trump is taking the nation to places no one ever expected! Let’s all be thankful it’s him versus anyone else, or we’d be struggling like we did under Obama and Bush
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