U.S. expected to impose up to $60B in China tariffs by Friday

https://www.reuters.com/article/us-usa-trade-tariffs-china/u-s-expected-to-impose-up-to-60-billion-in-china-tariffs-by-friday-sources-idUSKBN1GV31E

by jonbaer • 8 years ago

28 12 8 years ago

reuters.com

sempron64• 8 years ago

Are tariffs Trump's way of making up revenues for his tax cuts?

dragonwriter2• 8 years ago

Are tariffs Trump's way of making up revenues for his tax cuts?

If they are, that's a stupid idea; tariff revene may make up for the revenue lost in regular taxes due to the tariffs themselves, but there is no level of tariff that is going to meaningfully offset the Trump tax cuts, and trying would just kill the economy.

ksk4• 8 years ago

US historically had very high tariffs.

https://en.wikipedia.org/wiki/Tariffs_in_United_States_histo...

https://en.wikipedia.org/wiki/Infant_industry_argument

matt_wulfeck• 8 years ago

More like protect blue collar factory workers who voted for him for his very reason. These same people used to be the democratic base a few decades ago.

enigma31401• 8 years ago

You can believe that if you're that guillible LOL. He's doing his trumponomics damage control mechanics.

vfulco• 8 years ago

They are Trump's way of not having every industry hollowed out so we are only a nation of consumers. What country survives (or is stupid enough to) give up its IP on a monumental scale and survive?

ksk4• 8 years ago

What country survives (or is stupid enough to) give up its IP on a monumental scale and survive?

What does that mean? Which IP are you talking about?

wand3r• 8 years ago

I've seen many economics101 arguments against these tariffs but I actually am cautiously in agreement with them. These are similar to sanctions and China has been gaming the market in it's own favor in various ways for a long time. Hopefully a longer term solution will see both countries making concessions and hopefully come to a political and economic agreement.

U.S. expected to impose up to $60B in China tariffs by Friday

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