Trump Will Increase Tariffs on China on Friday

[applegrove]

Trump Will Increase Tariffs on China on Friday

May 5, 2019 at 12:45 pm EDT By Taegan Goddard 41 Comments

https://politicalwire.com/2019/05/05/trump-will-increase-tariffs-on-china-on-friday/

"SNIP.....

In a pair of tweets, President Trump said he will hike tariffs on $200 billion worth of imports to 25 percent from 10 percent, The Washington Postreports.

“Trump had twice before postponed the scheduled increase to allow negotiators to seek a comprehensive deal. His threat increases pressure on a deal that Trump said has been going ‘too slowly.'”

.....SNIP"

[at140]

1. I could have told Drumpf M.O. of the Chinese

They are very patient, resilient and will wait you out until you get tired and give up.

[The Velveteen Ocelot]

2. He hasn't a clue how tariffs work. He thinks he's hurting China but

he's actually hurting US consumers without creating significant revenue for the government. https://www.taxpolicycenter.org/taxvox/what-tariff-and-who-pays-it

[at140]

4. You must be right because trade deficit with China

just got bigger.

[Brother Buzz]

5. Had the orange anus actually read the required reading at that damned Wharton School.....

He might have picked up on what Adam Smith put down on tariffs in his seminal book, Wealth of Nation.

He hasn't a clue. Hell, he has the concept bass-ackwards, yet he's pitching the folly like he invented it.

[C_U_L8R]

3. The tariffs are on us.

What an idiot.