Trump's Tariff on China - what's the truth?

Poll - Total Votes: 22

Agree with Trump on the Tariff

Disagree with Trump on the Tariff

You can only vote on one answer.

I am confused about Trump's tariff on Chinese goods. Trump declares that the tariffs are absorbed by the Chinese and that it has no effect on the American consumer. American retail companies say that this is not the case. Prominent economists from major banks and universities also say that this is not the case.

Retailers and economists agree that prices on the Chinese goods sold here in America will increase and this means more cost to the American consumer.

Trump says that both the retail industry and economists do not know what they are talking about. He has more expertise than these groups because he is a billionaire businessman and he knows how to make a deal ... and that millions of his MAGA followers agree with him.

I don't think that because his millions of followers support him that this negates what the American retailers and economists are claiming. Nor does it follow that just because one can make deals means that one is an expert with such complex subjects such as trade economics, market supply and international currency exchange.

Has our country finally reached the point that we believe a demagogue over facts coming from the evidence provided by experts?

If this is so, I'm genuinely concerned. This is beginning to take on more and more the aura of 1938 Germany.

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ImKelsey · 26-30, F

I just hope that there's less Chinese goods at Walmart. Especially clothing and footwear. Cheap garbage!

justanothername · 51-55, M

If it wasn’t made in China it would be expensive crap made somewhere else so it would still cost you more.
The law of economics says get it made as cheap as you can then put a profit margin on it and sell it for as much as the market is willing to accept.
@ImKelsey

SW-User

@ImKelsey Capitalists will simply move the cheap factories to another cheap country. nothing changes

samanthasmokes · 36-40, F

@SW-User

If you recall American economic history, it was President Clinton who claimed without a doubt that NAFTA would not result in the loss of American manufacturing. He said he was the "protector" of the American working man. He also claimed that banks would have greater flexibility if they could trade securities and they could do this without having regulations on having real cash in their vaults to back up their market speculations
and protect saving deposits.

What did we learn from this?

Cities that once were the centers of American manufacturing became ghost towns as they owners picked up and set up shop in Asia. The banks went bust in 2008. Printing fiat or 'fake' money grew into a monster and resulted in a gargantuan national debt ... which we could never hope to pay off in a hundred years.

Trump is not the only lying, narcissistic, demagogue to come around. He has had plenty of other role models before him.

wildbill83 · 36-40, M

@samanthasmokes The problem with NAFTA and foreign trade deals is that the original deals were contingent upon foreign manufacturers maintaining the same level of quality & ISO certifications of their US made counterparts; they didn't, and continue to ignore them to this day. They flood the market with garbage instead, completely ignore copyright laws, etc.

Brianthesnail · 56-60, M

@SW-User yep, in Eastern Europe we have American companies by the balls. Thank you trump for being SO stupid