Biden Administration Cuts Trump’s Tariffs On Over 350 Products Made In China

"The “Big Guy” is helping out his buddy Xi by removing Trump-imposed tariffs on billions of dollars worth of products made in China. U.S. tariffs on Chinese goods

In a knee-jerk reaction to eliminate anything attached to his predecessor, the Biden-Harris administration has ditched tariffs on over 350 products made in China — everything from breast pumps to X-ray tables and even some food products."

And they are trying to tell us hunter was just along for the ride when sippy-cup went to china

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whowasthatmaskedman · 70-79, M

Actually this means "The Big Guy" is helping out Americans by reducing the cost to the consumers at a time of inflation. Of course, if the price Gouging American makers could compete, this wouldnt be an issue. All Trump did was reduce the need to local makers to compete and maximise their profits. But you knew that already I am sure.😷

sunsporter1649 · 70-79, M

@whowasthatmaskedman You keep spinning like that you are gonna fall off the planet and end up on Uranus

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boudinMan · 61-69, M

@whowasthatmaskedman increases in the corporate tax rate have the same effect, but dims sure do love that.

whowasthatmaskedman · 70-79, M

@boudinMan Well, NO.. Because taxes are paid only on profits. A tariff will simply add to a businesses cost of operations. Or an individuals expenses.😷

boudinMan · 61-69, M

@whowasthatmaskedman tax a business and it will recover that cost by raising the price of the goods or services it sells, that's as basic as it gets.

whowasthatmaskedman · 70-79, M

@boudinMan Yes. Thats an option.. IF the business doesnt have a cheaper competitor in the market. Thats Free Market 101. And thats what drives efficiency.😷

boudinMan · 61-69, M

@whowasthatmaskedman now you're sounding like a true conservative... kudos.

whowasthatmaskedman · 70-79, M

@boudinMan If I am supposed to be insulted by that, you missed. In terms of my own nation I am actually considered Moderate conservative. Kids to Ivy League school. Family Tertiery educated. House cars and pension fund. But I understand as an economist that there are things pure capitalism (for all its good work) doesnt do well. And I know that a system where Capital runs everything to suit itself if going to leave behind a class of people, poor, homeless, uneducated and unhealthy. Sound familar yet?
The thing is I know those people are in the end going to cost more to control and contain than they would have to invest in and support. That would make it a little harder for the moneyed people to compete of course. So I believe that when "Conservatives" ignore these people instead of defusing the bomb within their cities its time to throw the B@$t@rd$ out of office and get some more even handed people into the party. Hopefully my own nation is about to do just that.😷