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China's Fall
Ron, this guy thinks so.  

Results contradict doomsaying media reports

The establishment media reporting President Trump’s economic battle with China is warning of massive new costs for American consumers.

Tariffs, after all, are paid by American consumers who buy Chinese products, reporters have needled White House officials into confirming.

But one columnist, admitting he is “no fan of the president,” has had enough of the “partisan, inaccurate drivel.”

Marketwatch columnist Brett Arends writes: “Yes, tariffs are ‘costs. But they do not somehow destroy our money. They do not take our hard-earned dollars and burn them in a big pile. Tariffs are simply federal taxes. That’s it. The extra costs paid by importers, and consumers, goes to Uncle Sam, to distribute as he sees fit, including, for example, on Obamacare subsidies.”

He went on: “It wasn’t long ago the media [were] complaining because Trump was cutting taxes. Now it’s complaining he’s raising them. Confused? Me too. And the amounts involved are trivial. Chicken feed.”

But now there’s even more ammunition for those who support Trump’s insistence on a fair trade relationship between the U.S. and China.

A study by the Coalition for a Prosperous America found that a potential 25 percent across-the-board tariff on all imports from China would deliver “significant, sustained benefits for the U.S. economy.”

It would create 1.36 million additional jobs and an additional $232 billion to GDP over five years, the study concluded.

“China’s rise has come at the expense of U.S. jobs and manufacturing,” said CPA Chairman Dan DiMicco. “This new research demonstrates just how much the United States stands to gain from reclaiming our manufacturing base. Blind adherence to free trade clearly hasn’t worked, and boosting domestic production should now be our top priority.”
“Don’t confuse me with facts, my mind is made up” — Saint Al of the Gore -

Messages In This Thread
China's Fall - by John L - 04-12-2018, 07:11 PM
RE: China's Fall - by John L - 04-12-2018, 07:44 PM
RE: China's Fall - by Ron Lambert - 04-12-2018, 11:41 PM
RE: China's Fall - by John L - 05-16-2019, 10:06 PM

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