Not sure what to tell you really. It is very basic math. Personal deduction doubled and brackets lowered. So if you make the exact same income and that is all you are looking at then it is very straightforward.
And when the studies have clearly shown after the fact show people paid less — you have to believe it whether you like it or not.
Many places break it down simply. Here is a quick one:
I want a chart. First, let’s review what the plan does for low and middle-income folks:
Increases the bottom tax rate from 10 percent to 12 percent.
Increases the standard deduction from $6,000 to $12,000 (twice that for couples).
Eliminates the personal exemption of $4,050 for each person in a household.
For example, for a single person making $50,000 under the current structure, your taxable income is $50,000 – $6,000 – $4,050 = $39,950. You pay 10 percent of the first $10,000, 15 percent of the next $28,000, etc. It adds up to about $5,500.
Under the Trump plan, your taxable income is $50,000 – $12,000 = $38,000. You pay 12 percent of that, or $4,560. That’s less than you pay now. Here it is in chart form:
Not sure what to tell you really. It is very basic math. Personal deduction doubled and brackets lowered. So if you make the exact same income and that is all you are looking at then it is very straightforward.
And when the studies have clearly shown after the fact show people paid less — you have to believe it whether you like it or not.
Many places break it down simply. Here is a quick one:
I want a chart. First, let’s review what the plan does for low and middle-income folks:
Increases the bottom tax rate from 10 percent to 12 percent.
Increases the standard deduction from $6,000 to $12,000 (twice that for couples).
Eliminates the personal exemption of $4,050 for each person in a household.
For example, for a single person making $50,000 under the current structure, your taxable income is $50,000 – $6,000 – $4,050 = $39,950. You pay 10 percent of the first $10,000, 15 percent of the next $28,000, etc. It adds up to about $5,500.
Under the Trump plan, your taxable income is $50,000 – $12,000 = $38,000. You pay 12 percent of that, or $4,560. That’s less than you pay now. Here it is in chart form:
The only thing Trump cares about is the stock market. Nothing else is even in his little brain. Since his public companies and debt were BK'd out years ago his fixation on the market as a measure of the country is pathetic. Oh and since he couldnt float debt lower than 10% for his defunct companies he demands the FED go negative in rates because we cant compete and win without a handout from the FED to the detriment of savers...savers are not important since his only focus is if the market goes up or down.
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ?
Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers.
So this flies in the face of his singular focus on the stock market..
Quote Originally Posted by wallstreetcappers:
The only thing Trump cares about is the stock market. Nothing else is even in his little brain. Since his public companies and debt were BK'd out years ago his fixation on the market as a measure of the country is pathetic. Oh and since he couldnt float debt lower than 10% for his defunct companies he demands the FED go negative in rates because we cant compete and win without a handout from the FED to the detriment of savers...savers are not important since his only focus is if the market goes up or down.
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ?
Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers.
So this flies in the face of his singular focus on the stock market..
The only thing Trump cares about is the stock market. Nothing else is even in his little brain. Since his public companies and debt were BK'd out years ago his fixation on the market as a measure of the country is pathetic. Oh and since he couldnt float debt lower than 10% for his defunct companies he demands the FED go negative in rates because we cant compete and win without a handout from the FED to the detriment of savers...savers are not important since his only focus is if the market goes up or down.
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ? Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers. So this flies in the face of his singular focus on the stock market..
No I disagree with this premise completely. Trump started the trade war because he thought they would fold quickly and that it would be an easy win..that bully tactics he uses in his real estate BK empire would work in foreign trade and obviously it has not.
The reason why the market has not gone down is because the market does not care about this mirage with China..the market does not care about much of anything except cheap liquidity and nothing shocking to the expectations globally. China is a zero burger because Trump has zero clue about how to negotiate with them and the market does not think he will follow through with any real threat. Notice that the only time the market got a TINY bit worried about this fake news is when the idea was floated about not allowing China to have access to our capital markets, our assets, our real estate. Why did that shock the market? China is a big player in our equity markets, they buy our government and corporate debt...shutting them out of our capital markets and real estate markets is a real shock and the market was not wanting this...that is the only time the market blinked.
These tariffs are a joke, all smoke and no substance and the market knows what it values, it values cheap and deep capital and liquidity..not much else has mattered for the last ten years. The FED shakes the markets, Trump does nothing but provide amusement.
Quote Originally Posted by Rush51:
Quote Originally Posted by wallstreetcappers:
The only thing Trump cares about is the stock market. Nothing else is even in his little brain. Since his public companies and debt were BK'd out years ago his fixation on the market as a measure of the country is pathetic. Oh and since he couldnt float debt lower than 10% for his defunct companies he demands the FED go negative in rates because we cant compete and win without a handout from the FED to the detriment of savers...savers are not important since his only focus is if the market goes up or down.
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ? Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers. So this flies in the face of his singular focus on the stock market..
No I disagree with this premise completely. Trump started the trade war because he thought they would fold quickly and that it would be an easy win..that bully tactics he uses in his real estate BK empire would work in foreign trade and obviously it has not.
The reason why the market has not gone down is because the market does not care about this mirage with China..the market does not care about much of anything except cheap liquidity and nothing shocking to the expectations globally. China is a zero burger because Trump has zero clue about how to negotiate with them and the market does not think he will follow through with any real threat. Notice that the only time the market got a TINY bit worried about this fake news is when the idea was floated about not allowing China to have access to our capital markets, our assets, our real estate. Why did that shock the market? China is a big player in our equity markets, they buy our government and corporate debt...shutting them out of our capital markets and real estate markets is a real shock and the market was not wanting this...that is the only time the market blinked.
These tariffs are a joke, all smoke and no substance and the market knows what it values, it values cheap and deep capital and liquidity..not much else has mattered for the last ten years. The FED shakes the markets, Trump does nothing but provide amusement.
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ? Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers. So this flies in the face of his singular focus on the stock market..
No I disagree with this premise completely. Trump started the trade war because he thought they would fold quickly and that it would be an easy win..that bully tactics he uses in his real estate BK empire would work in foreign trade and obviously it has not.
The reason why the market has not gone down is because the market does not care about this mirage with China..the market does not care about much of anything except cheap liquidity and nothing shocking to the expectations globally. China is a zero burger because Trump has zero clue about how to negotiate with them and the market does not think he will follow through with any real threat. Notice that the only time the market got a TINY bit worried about this fake news is when the idea was floated about not allowing China to have access to our capital markets, our assets, our real estate. Why did that shock the market? China is a big player in our equity markets, they buy our government and corporate debt...shutting them out of our capital markets and real estate markets is a real shock and the market was not wanting this...that is the only time the market blinked.
These tariffs are a joke, all smoke and no substance and the market knows what it values, it values cheap and deep capital and liquidity..not much else has mattered for the last ten years. The FED shakes the markets, Trump does nothing but provide amusement.
And I disagree with your premise.. There is no way Trump's team could have believed China would roll over like "a paper tiger" in response to his tariffs. They would have correctly calculated that there would be short-term pain (potential stock market shocks) for long-term gain (a more civil China that actually plays by the rules).
Remember, China has too much lose to start playing by the rules now.. No one would have believed they would roll over easily... And they haven't......
Quote Originally Posted by wallstreetcappers:
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ? Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers. So this flies in the face of his singular focus on the stock market..
No I disagree with this premise completely. Trump started the trade war because he thought they would fold quickly and that it would be an easy win..that bully tactics he uses in his real estate BK empire would work in foreign trade and obviously it has not.
The reason why the market has not gone down is because the market does not care about this mirage with China..the market does not care about much of anything except cheap liquidity and nothing shocking to the expectations globally. China is a zero burger because Trump has zero clue about how to negotiate with them and the market does not think he will follow through with any real threat. Notice that the only time the market got a TINY bit worried about this fake news is when the idea was floated about not allowing China to have access to our capital markets, our assets, our real estate. Why did that shock the market? China is a big player in our equity markets, they buy our government and corporate debt...shutting them out of our capital markets and real estate markets is a real shock and the market was not wanting this...that is the only time the market blinked.
These tariffs are a joke, all smoke and no substance and the market knows what it values, it values cheap and deep capital and liquidity..not much else has mattered for the last ten years. The FED shakes the markets, Trump does nothing but provide amusement.
And I disagree with your premise.. There is no way Trump's team could have believed China would roll over like "a paper tiger" in response to his tariffs. They would have correctly calculated that there would be short-term pain (potential stock market shocks) for long-term gain (a more civil China that actually plays by the rules).
Remember, China has too much lose to start playing by the rules now.. No one would have believed they would roll over easily... And they haven't......
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ? Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers. So this flies in the face of his singular focus on the stock market..
No I disagree with this premise completely. Trump started the trade war because he thought they would fold quickly and that it would be an easy win..that bully tactics he uses in his real estate BK empire would work in foreign trade and obviously it has not.
The reason why the market has not gone down is because the market does not care about this mirage with China..the market does not care about much of anything except cheap liquidity and nothing shocking to the expectations globally. China is a zero burger because Trump has zero clue about how to negotiate with them and the market does not think he will follow through with any real threat. Notice that the only time the market got a TINY bit worried about this fake news is when the idea was floated about not allowing China to have access to our capital markets, our assets, our real estate. Why did that shock the market? China is a big player in our equity markets, they buy our government and corporate debt...shutting them out of our capital markets and real estate markets is a real shock and the market was not wanting this...that is the only time the market blinked.
These tariffs are a joke, all smoke and no substance and the market knows what it values, it values cheap and deep capital and liquidity..not much else has mattered for the last ten years. The FED shakes the markets, Trump does nothing but provide amusement.
The market DOES care about this trade war with China.. the FED really helped the market by cutting rates in response to the global slowdown that was consuming world markets in 2019..
And I can't believe what I'm reading when you post in your comment , "......and the market does not think he will follow through with any real threat." How can you say this ? What do you think these tariffs are ?? Are there other "real threats" out there that we need to be aware of Wall ??
Quote Originally Posted by wallstreetcappers:
Wall, seriously, if the only thing Trump cared about was the stock market, do you really think he would have started the trade war ? Quite miraculously, the market fought through the trade war in 2019, but the consensus view among many in the markets was that the market would take a hit in 2019 due to higher costs for businesses and consumers. So this flies in the face of his singular focus on the stock market..
No I disagree with this premise completely. Trump started the trade war because he thought they would fold quickly and that it would be an easy win..that bully tactics he uses in his real estate BK empire would work in foreign trade and obviously it has not.
The reason why the market has not gone down is because the market does not care about this mirage with China..the market does not care about much of anything except cheap liquidity and nothing shocking to the expectations globally. China is a zero burger because Trump has zero clue about how to negotiate with them and the market does not think he will follow through with any real threat. Notice that the only time the market got a TINY bit worried about this fake news is when the idea was floated about not allowing China to have access to our capital markets, our assets, our real estate. Why did that shock the market? China is a big player in our equity markets, they buy our government and corporate debt...shutting them out of our capital markets and real estate markets is a real shock and the market was not wanting this...that is the only time the market blinked.
These tariffs are a joke, all smoke and no substance and the market knows what it values, it values cheap and deep capital and liquidity..not much else has mattered for the last ten years. The FED shakes the markets, Trump does nothing but provide amusement.
The market DOES care about this trade war with China.. the FED really helped the market by cutting rates in response to the global slowdown that was consuming world markets in 2019..
And I can't believe what I'm reading when you post in your comment , "......and the market does not think he will follow through with any real threat." How can you say this ? What do you think these tariffs are ?? Are there other "real threats" out there that we need to be aware of Wall ??
The market DOES care about this trade war with China.. the FED really helped the market by cutting rates in response to the global slowdown that was consuming world markets in 2019.. And I can't believe what I'm reading when you post in your comment , "......and the market does not think he will follow through with any real threat." How can you say this ?What do you think these tariffs are ?? Are there other "real threats" out there that we need to be aware of Wall ??
Yep I can and did say that...these tariffs are not threatening China at all outside pork and some farm products. If China were threatened to a point they cannot control they would take action to either retaliate and threaten the US with some heavy actions or they would negotiate..they have done neither. They are a communist country with plenty of access to capital and other trading partners to the extent it has not harmed them yet.
I already said the only real threat that meant anything and that was only floated..these tariffs are garbage media sound bites that impact little. If you want to take China out then stop their access to our assets, our markets and our capital. There is not much else that will have a serious impact.
So if the fake clown gets another 4 years then this floating meaningless meandering will continue, nothing has been done that is making China act.
The market DOES care about this trade war with China.. the FED really helped the market by cutting rates in response to the global slowdown that was consuming world markets in 2019.. And I can't believe what I'm reading when you post in your comment , "......and the market does not think he will follow through with any real threat." How can you say this ?What do you think these tariffs are ?? Are there other "real threats" out there that we need to be aware of Wall ??
Yep I can and did say that...these tariffs are not threatening China at all outside pork and some farm products. If China were threatened to a point they cannot control they would take action to either retaliate and threaten the US with some heavy actions or they would negotiate..they have done neither. They are a communist country with plenty of access to capital and other trading partners to the extent it has not harmed them yet.
I already said the only real threat that meant anything and that was only floated..these tariffs are garbage media sound bites that impact little. If you want to take China out then stop their access to our assets, our markets and our capital. There is not much else that will have a serious impact.
So if the fake clown gets another 4 years then this floating meaningless meandering will continue, nothing has been done that is making China act.
It says that Trump could calm uncertainties by publicly stepping away from a deal: "Get uncertainty out of the market by announcing NO deal until after the election and ride the tariffs to victory."
The memo says that the Trump administration should continue forcing significant structural changes in China's economy through waging a tariff war.
memo:
"On a daily basis, I speak to, or correspond with, people that I respect, and don't necessarily agree with, to receive their thoughts on issues critical to American workers and the American people," Navarro said. "This kind of active dialogue makes for the best possible decisions."
He added: "Such a free exchange of ideas is essential to the success of an administration that is simultaneously putting up the best economic numbers in a half-century and achieving success after success on the trade front." He described a new trade deal with Canada and Mexico that is on track to become law as "just the latest big win."
It says that Trump could calm uncertainties by publicly stepping away from a deal: "Get uncertainty out of the market by announcing NO deal until after the election and ride the tariffs to victory."
The memo says that the Trump administration should continue forcing significant structural changes in China's economy through waging a tariff war.
memo:
"On a daily basis, I speak to, or correspond with, people that I respect, and don't necessarily agree with, to receive their thoughts on issues critical to American workers and the American people," Navarro said. "This kind of active dialogue makes for the best possible decisions."
He added: "Such a free exchange of ideas is essential to the success of an administration that is simultaneously putting up the best economic numbers in a half-century and achieving success after success on the trade front." He described a new trade deal with Canada and Mexico that is on track to become law as "just the latest big win."
"We've had tariffs on for over a year," Peter Navarro, the director of the Office of Trade and Manufacturing Policy, said on "Face the Nation" Sunday. "The Chinese have borne the entire burden of that by slashing their prices and reducing the value of their currency by 12%."
"We've had tariffs on for over a year," Peter Navarro, the director of the Office of Trade and Manufacturing Policy, said on "Face the Nation" Sunday. "The Chinese have borne the entire burden of that by slashing their prices and reducing the value of their currency by 12%."
For all those interested, China's GDP growth rate in 2019 was the lowest it has been in decades, so there is a tangible effect for the tariffs that Trump is applying.
Nice posts Raider..
For all those interested, China's GDP growth rate in 2019 was the lowest it has been in decades, so there is a tangible effect for the tariffs that Trump is applying.
The market DOES care about this trade war with China.. the FED really helped the market by cutting rates in response to the global slowdown that was consuming world markets in 2019.. And I can't believe what I'm reading when you post in your comment , "......and the market does not think he will follow through with any real threat." How can you say this ?What do you think these tariffs are ?? Are there other "real threats" out there that we need to be aware of Wall ??
Yep I can and did say that...these tariffs are not threatening China at all outside pork and some farm products. If China were threatened to a point they cannot control they would take action to either retaliate and threaten the US with some heavy actions or they would negotiate..they have done neither. They are a communist country with plenty of access to capital and other trading partners to the extent it has not harmed them yet.
I already said the only real threat that meant anything and that was only floated..these tariffs are garbage media sound bites that impact little. If you want to take China out then stop their access to our assets, our markets and our capital. There is not much else that will have a serious impact.
So if the fake clown gets another 4 years then this floating meaningless meandering will continue, nothing has been done that is making China act.
I really don't think the administration wants/needs to go this far...
We only want China to abide by the rules of the WTO they entered into in 2001 . No one believes in "taking China out." This is just irresponsible rhetoric.
Quote Originally Posted by wallstreetcappers:
The market DOES care about this trade war with China.. the FED really helped the market by cutting rates in response to the global slowdown that was consuming world markets in 2019.. And I can't believe what I'm reading when you post in your comment , "......and the market does not think he will follow through with any real threat." How can you say this ?What do you think these tariffs are ?? Are there other "real threats" out there that we need to be aware of Wall ??
Yep I can and did say that...these tariffs are not threatening China at all outside pork and some farm products. If China were threatened to a point they cannot control they would take action to either retaliate and threaten the US with some heavy actions or they would negotiate..they have done neither. They are a communist country with plenty of access to capital and other trading partners to the extent it has not harmed them yet.
I already said the only real threat that meant anything and that was only floated..these tariffs are garbage media sound bites that impact little. If you want to take China out then stop their access to our assets, our markets and our capital. There is not much else that will have a serious impact.
So if the fake clown gets another 4 years then this floating meaningless meandering will continue, nothing has been done that is making China act.
I really don't think the administration wants/needs to go this far...
We only want China to abide by the rules of the WTO they entered into in 2001 . No one believes in "taking China out." This is just irresponsible rhetoric.
I disagree about why the Yuan has changed...I dont think it is about tariffs, they can absorb the tariffs easy and there are so many ways around the tariffs its really a joke.
To me the reason why the Yuan is over 7 has to do with the leverage that the Chinese companies have and the risk that default has to the banking system and the local economy...they keep lowering the reserve requirements and are allowing the Yuan to drift higher but for sure they are in control of it and know where they will allow it to go and why. China is also fighting capital flight because of rates elsewhere and they are trying to control how their businesses function and how investors use their cash, but the default risk and the inclination of not having liquidity is why they are getting looser with their policy. I also think they are observing the impact the offshore rate has on other countries to gauge what it means what they can do with that information.
I disagree about why the Yuan has changed...I dont think it is about tariffs, they can absorb the tariffs easy and there are so many ways around the tariffs its really a joke.
To me the reason why the Yuan is over 7 has to do with the leverage that the Chinese companies have and the risk that default has to the banking system and the local economy...they keep lowering the reserve requirements and are allowing the Yuan to drift higher but for sure they are in control of it and know where they will allow it to go and why. China is also fighting capital flight because of rates elsewhere and they are trying to control how their businesses function and how investors use their cash, but the default risk and the inclination of not having liquidity is why they are getting looser with their policy. I also think they are observing the impact the offshore rate has on other countries to gauge what it means what they can do with that information.
Trump thought China would blink and it’d be an easy win? Wallstreet you think Trump and his administration have the brain size of a cartoon character. You’re wrong about that obviously but you’ll never admit it.
The tariffs can be moved around but to say there is no impact isn’t fair.
You always sound like a Chinese apologist. When you talk about the Yuan these are simply opinions from you. You don’t really know why
the yuan is falling rapidly below 7. Most will say it’s because of the trade war and tariffs but you always know better.
I have one question. How does Trump win this war since you always have all the answers.
Trump thought China would blink and it’d be an easy win? Wallstreet you think Trump and his administration have the brain size of a cartoon character. You’re wrong about that obviously but you’ll never admit it.
The tariffs can be moved around but to say there is no impact isn’t fair.
You always sound like a Chinese apologist. When you talk about the Yuan these are simply opinions from you. You don’t really know why
the yuan is falling rapidly below 7. Most will say it’s because of the trade war and tariffs but you always know better.
I have one question. How does Trump win this war since you always have all the answers.
I didnt see this message yesterday so sorry about that.
Just so you know the Yuan falling below 7 is the inverse of your comments, that is the US/Yuan rate, so the USD is falling vs the Yuan in the last little while. In fact if you look at the chart it fell from something like 7.3 and is roaming in the high 6.90s now, the USD has been falling vs most currencies in this time period. Look at the GBP, look at the EU, look at the Yen...the dollar is weakening and has been for a week or two here. Why? Does it have to do with Trump or tariffs? No..not one bit is about either...the dollar is lower because the FED has been injecting massive liquidity, which is USD so this weakens our currency vs others AND there is a whisper that Japan, Germany and even the EU are going to walk out of the negative interest rate approach and that makes their currencies stronger, ours weaker. Look at yields and compare them from large player to the USD, then look at currency spreads and you will get your answer.
Trump does not want to win a trade war with China, he wants to play tough so he can look tough and act fake that he is trying to do something for the consumer which this will not do nor would it really ever. Inflation hits the smallest player the most and inflating import prices via tariffs to make US products more competitive hurts the smallest consumer. We gave up wanting to be in the high labor intensive manufacturing business long ago because our labor pool does not want those kind of jobs nor are we as motivated to do them in a profitable fashion so companies have offshored production facilities or scrapped it and outsource to lower labor rate pools who are more motivated. If you want an example of this watch on Netflix that movie about the Chinese glass company who bought an abandoned GM plant and is running a shop there, watch the difference between Chinese labor and the US labor worker, they are side by side in this movie and its a real story. We are not going to get back high intensity labor jobs because we do not do them well enough that a corp can make a profit producing goods here. The days of crappy cars, high prices and lower quality products are gone...the US worker does not want those jobs, the consumer will not overpay for US substandard goods so businesses cannot function. That is what the trade war is really supposed to be about, bringing JOBS here...but forcing inflation via a trade war is not going to bring back US jobs that make money for the corporation so how would you think this fake scheme ever had teeth?
If you want a US made product that is currently made in China, and you want the Chinese equiv quality then to get a US worker to do that at that level the price for the product might double..maybe higher. We are actually taking advantage of Chinese labor and their work ethic so our corps can make more profits...corps are the reason why jobs offshored and production was farmed out. If Trump really wanted to bring jobs back he would use his big fat mouth to attack US corps, but no what did he do? He gave them a tax holiday which is a burden to the lowest citizen (loss of taxes owed) and lowered their tax rate and continued to allow corps to offshore with no recourse. He does not care about you, he cares about getting elected and making money...this tariff scheme is such a chump sucker scam yet the uneducated voter is too lazy to care and just play partisan hate games and we move on accomplishing nothing.
[Quote: Originally Posted by 165yds]
I didnt see this message yesterday so sorry about that.
Just so you know the Yuan falling below 7 is the inverse of your comments, that is the US/Yuan rate, so the USD is falling vs the Yuan in the last little while. In fact if you look at the chart it fell from something like 7.3 and is roaming in the high 6.90s now, the USD has been falling vs most currencies in this time period. Look at the GBP, look at the EU, look at the Yen...the dollar is weakening and has been for a week or two here. Why? Does it have to do with Trump or tariffs? No..not one bit is about either...the dollar is lower because the FED has been injecting massive liquidity, which is USD so this weakens our currency vs others AND there is a whisper that Japan, Germany and even the EU are going to walk out of the negative interest rate approach and that makes their currencies stronger, ours weaker. Look at yields and compare them from large player to the USD, then look at currency spreads and you will get your answer.
Trump does not want to win a trade war with China, he wants to play tough so he can look tough and act fake that he is trying to do something for the consumer which this will not do nor would it really ever. Inflation hits the smallest player the most and inflating import prices via tariffs to make US products more competitive hurts the smallest consumer. We gave up wanting to be in the high labor intensive manufacturing business long ago because our labor pool does not want those kind of jobs nor are we as motivated to do them in a profitable fashion so companies have offshored production facilities or scrapped it and outsource to lower labor rate pools who are more motivated. If you want an example of this watch on Netflix that movie about the Chinese glass company who bought an abandoned GM plant and is running a shop there, watch the difference between Chinese labor and the US labor worker, they are side by side in this movie and its a real story. We are not going to get back high intensity labor jobs because we do not do them well enough that a corp can make a profit producing goods here. The days of crappy cars, high prices and lower quality products are gone...the US worker does not want those jobs, the consumer will not overpay for US substandard goods so businesses cannot function. That is what the trade war is really supposed to be about, bringing JOBS here...but forcing inflation via a trade war is not going to bring back US jobs that make money for the corporation so how would you think this fake scheme ever had teeth?
If you want a US made product that is currently made in China, and you want the Chinese equiv quality then to get a US worker to do that at that level the price for the product might double..maybe higher. We are actually taking advantage of Chinese labor and their work ethic so our corps can make more profits...corps are the reason why jobs offshored and production was farmed out. If Trump really wanted to bring jobs back he would use his big fat mouth to attack US corps, but no what did he do? He gave them a tax holiday which is a burden to the lowest citizen (loss of taxes owed) and lowered their tax rate and continued to allow corps to offshore with no recourse. He does not care about you, he cares about getting elected and making money...this tariff scheme is such a chump sucker scam yet the uneducated voter is too lazy to care and just play partisan hate games and we move on accomplishing nothing.
Blah, blah, blah... trump and talk of the currency manipulation is on hiatus.. so stop w it. Let's get to the real meat and potatoes of the issues w China.
State subsidies by China giving money to their own companies, forced technology transfers, whereby China steals American technology for their own gain, and intellectual property theft !
Enough is enough ! China has been gaining momentum at our expense for too long !!
Blah, blah, blah... trump and talk of the currency manipulation is on hiatus.. so stop w it. Let's get to the real meat and potatoes of the issues w China.
State subsidies by China giving money to their own companies, forced technology transfers, whereby China steals American technology for their own gain, and intellectual property theft !
Enough is enough ! China has been gaining momentum at our expense for too long !!
Oh, that was good for a laugh...,I totally underestimated your sense of humor MIDNIGHT !
Like income inequality and how it was just getting worse under Obama's leadership. Can we even call it leadership when the man was such an incompetent empty suit.
Oh, that was good for a laugh...,I totally underestimated your sense of humor MIDNIGHT !
Like income inequality and how it was just getting worse under Obama's leadership. Can we even call it leadership when the man was such an incompetent empty suit.
Hot Forum Topics
