Trump's trade war caused the inflation crisis

What do tariffs do? Cause the price of everything to go up. Why? Because it costs more to send that thing to the US, and vice versa, that's why. Do private companies eat that cost? Of course not! They pass it onto the customer. 

This was always the criticism of Dotard Trump's horribly-flawed tariffs policy, which he so frequently bragged about. This is why it's important to have people who actually take the time to understand public policy in office - having Donnie Dotard fumblenuts his way into crisis after crisis is not the way to run complex macroeconomic strategies.

But don't take my word for it. Take this May 2021 Forbes analysis ...

https://www.forbes.com/sites/stuartanderson/2021/05/20/trumps-tariffs-were-much-more-damaging-than-thought/?sh=15bc80bd65bd

... which has plenty of analytical analysis of the topic, which shows how Trump's horrible trade policies damaged the stock market by 10.5% through 2019. It gets worse as time goes on too, because the tariffs took a big jump up in 2019. 

And that's just a recent Forbes article. I only know about this topic because it was a pretty common topic from 2016-2020, before Donnie Dotard botched the Covid pandemic.

Time for Biden to end these stupid, stupid tariffs. If you're pro-Trump and pro-Tariffs, it's safe to say you're anti-American, even if you're too naive to understand it. 

Key Findings

• The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products, which is equivalent to one of the largest tax increases in decades. Based on 2021 import levels and country exemptions, the tariffs amounted to a $52.6 billion tax increase in 2021.
• We estimate retaining the tariffs put in place under the Trump administration will reduce economic output, income, and employment.
• The Biden administration has kept most of the Trump administration tariffs in place, except for a five-year suspension of tariffs that were part of a WTO aircraft dispute and replacement of certain steel and aluminum tariffs with tariff rate quotas.
• We estimate the tariffs still in effect will reduce long-run GDP by 0.22 percent, wages by 0.14 percent, and employment by 173,000 full-time equivalent jobs. 

https://taxfoundation.org/tariffs-trump-trade-war/

Here's a key part of an economic think tank's 2018 analysis, before the tariffs got worse:

Therefore, the full incidence of the tariffs has fallen on domestic consumers and importers so far, and our estimates imply a reduction in aggregate US real income of $1.4 billion per month by the end of 2018. 

https://www.aeaweb.org/articles?id=10.1257/jep.33.4.187

According to a recent Moody’s Investor Service report, the tariffs “hit American businesses and consumers hardest,” with China absorbing only 7.6 percent of the tariffs “while the rest of the tab was picked up by Americans.”

https://nrf.com/blog/lower-inflation-through-tariff-relief

Former U.S. ambassador says lifting China tariffs could slash inflation by 1% over time, help Biden in midterms

https://www.cnbc.com/2022/06/21/former-us-ambassador-says-lifting-china-tariffs-could-cut-inflation.html

Based on 2021 import levels, these tariffs currently impact over $350 billion of imports and exports and increase consumer costs by roughly $51 billion annually.

Read more: https://www.americanactionforum.org/research/the-total-cost-of-tariffs/#ixzz7fUVlrQhd
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You ever buy stuff from china? It usually breaks and then you have to buy more cheap crap made in china. Buy American made goods and keep your US dollars in the US. Stop supporting shit corporations who manufacture in china. 

Simply urging people to buy American most certainly would have been a better policy than Trump’s failed tariffs strategy.

To answer your question, my mom bought me a Chinese product. You know what it was? A Donald J. Trump tie made in China, from 2014. 

I agree, it is a POS just like the man whose name is on the tie. I strongly urge you to stop supporting the POS who manufactured that tie in China.

Simply urging people to buy American most certainly would have been a better policy than Trump’s failed tariffs strategy. - This was the purpose of the tariffs. Kind of ironic where the covid strain was released, right? 

Trump has a tie manufactured in China, how many other products does he have manufactured there? How many products and items sold on amazon are manufactured in China? Where were people allowed to shop while small businesses were shut down during covid? Where did that money come from that people spent on crap from amazon? How come small businesses were closed when the govt gave out "free" money? 

I dont think this is accurate.

This inflation is a supply issue and not just China imports, we are seeing domestic supply issues and supply issues in Europe as well, so while Trump deserves to be knocked around for being a jerk and a lousy president its not tariffs which caused this IMO of course.

Inflation is either excess demand or insufficient supply and I do not see excess demand in the economy to generate inflation like this. The FED tried for like 15 yrs to generate 2% inflation and could not create it from a demand perspective, so when Covid came and we started seeing supply issues from around the world then inflation came like a tsunami and since most economies and almost all companies run a JIT style system (Just in Time) to maximize holding costs then a kink in the supply chain can destroy the whole system and to me that is completely what is causing this.

Many of the supply chain issues you’re referring to largely ended in September 2021. I have a friend who has a job that requires them to study Pacific macroeconomic trade patterns and they pointed out how the media hype about supply chain issues after Sept 2021 was largely that - just hype. 
Sure, Russia created some new global supply chain issues in 2022 that had ripple effects worldwide.
But to simply ignore Trump’s failed tariffs policy as a cause - especially when they jumped in 2019 - is sticking your head in the sand. Inflation is like an avalanche, it starts slow (in 2018) and then accelerates and accelerates and accelerates. 
Sure, events such as Covid and other factors in 2021 and 2022 contributed to inflation (like Trump’s record deficit spending), but you cannot ignore his tariffs as a primary root cause.

@Sidehatch

 The US and China and the rest of the world have much more major issues sitting on the table not being addressed (or at least not being brought to attention through MSM). But keep thinking Trump and his tariffs from a handful of years ago are reason for the mess the world is in with inflation. Can you explain why pretty much every country is seeing record inflation? Is that Trumps fault from his tariffs on China?  China is in a world of hurt, but MSM will never tell you that. You need to do more research. 

biden - "inflation is a great asset" (for the gov't) not for 99.5% of the US and world population. 

Well the first problem with your response is you are saying Team Dotard only implemented tariffs on China, which suggests you are woefully uninformed. You do not pass Go, try again. I won’t engage in bad faith arguments where you intentionally cite erroneous facts. 

The reason for inflation across the planet is caused by the sanctions placed on Russia by Lefties. European's and eventually Americans will feel the financial pain as they pay huge increases in energy, fuel and food. President Trump had nothing to do with the idiocy of the sanctions placed on Russia by the globalist Left. 

Just like a Dotard to roll over for Russia. Paul Manafort went to prison for what again? Lol you Trumphumpers are such clowns

Paul Manafort went to prison for feeble process crimes if my memory serves me correctly.

Began my adult life living through the Jimmy Carter years and now history basically repeats itself.

The Iran hostage rescue attempt ends with eight servicemen dead, inflation shot through the roof. Remember my first home mortgage, 12% balloon. 

Fast forward and we have the botched Afghan withdrawal with 13 dead, inflation worst since..........Jimmy Carter. 

But hey, look over there, it's Trumps fault, and, and,  Climate Change too!!!!!!

So stupid. This country is now controlled by third world ideology. The same ideals that failed for thousand of years now will work here. Don't say Mom and Dad, don't teach math, don't punish criminals-not their fault they want to kill you, reward those who don't pay their student loans and ignore those who are responsible. Weponize federal law enforcement to crush your opponents, support a country that did the same........could go on and on.

Have an inlaw who planned on retiring, can't do it between stock market woes and inflation. Inlaw says, " All Trumps fault". 

I just shake my head. 

Was not aware it was quite that bad.

@UNIMAN

 Then you also lived through the reagan years where 240 something Marines were blown up(and your bringing up the 8 servicemen dead with the iran hostage situation),and big tough guy reagan never even tried to retaliate,he tucked his tail between his legs and ran out of there as fast as he could.Let's hear how you lived through the corruption of the iran contra scandal under reagan.Funny how you only cherry pick what happened under democratic leadership,but completely refrain from saying anything bad about what happens under republicans.

@UNIMAN

 I don't know where your from,but they teach math in the schools around here.I do math homework with my grandson and niece and nephews every time I pick them up from school.

They didn't weaponize federal law enforcement to crush anybody except the criminals that you happen to support,should we let everybody steal classified documents,or only ex presidents or people you support?

You lost me about supporting a country that did the same.I don't know what your talking about on that one.

Ok buddy. Keep thinking tariffs from a handful of years ago is the sole reason for the inflation happening from the last year. You must have also believed that InFlAtIoN iS tRaNsItOrY, right? Did inflation happen in the short term after the tariffs? Anything you wackos can think of to keep blaming this situation on Trump. Always passing blame. I guess rampant crime is also Trumps fault too, right? Or the financial markets turmoil is also Trumps fault too, right?  

The ironic part is that lefties think inflation is here only because of Russia. That was the speaking point as Russia invaded from MSM. But now this thread poster thinks inflation is only from Trumps tariffs. 

Covid had nothing to do with it. Forcing businesses to shut while allowing large corporations to continue business as usual had nothing to do with it. Fed printing trillions to give out "free" money to stay home had nothing to do with it. Banks giving money away like it's candy on Halloween had nothing to do with it. Corporate greed has nothing to do with it. Forcing "green" energy on counties has nothing to do with it either.  

Plenty of relevent facts 

But if Biden allows these harmful Trump-Tariffs to remain in place throughout his entire presidency  then he must share some blame.

Tariffs have nothing to do with Germans freezing this winter because they will not receive gas from Russia. It looks like I need to start teaching basic current affairs classes inside the politics forum of Covers! Alex jones is alive and well!