Eh, as I’ve said many times before, the occupant of the White House has little to do with the economy and the stock market. They all take credit, but it’s gonna do what it’s gonna do. Laws can have great impact, but those are almost never seen under the President and Congress that passes them.
I think you may be confused, Britain, France, Germany and Canada don’t receive aid from the US, now if you are talking Israel, Egypt, Jordan as countries that our allies, we spend billions on them each year.
I was talking about the aid to Mexico. Sorry bout that! So much for our security dollars allocated to them.
I think you may be confused, Britain, France, Germany and Canada don’t receive aid from the US, now if you are talking Israel, Egypt, Jordan as countries that our allies, we spend billions on them each year of them.
https://howmuch.net/articles/usa-foreign-aid-by-country
I think you may be confused, Britain, France, Germany and Canada don’t receive aid from the US, now if you are talking Israel, Egypt, Jordan as countries that our allies, we spend billions on them each year.
https://howmuch.net/articles/usa-foreign-aid-by-country
I think you may be confused, Britain, France, Germany and Canada don’t receive aid from the US, now if you are talking Israel, Egypt, Jordan as countries that our allies, we spend billions on them each year.
https://howmuch.net/articles/usa-foreign-aid-by-country
Naw, we don't get anything out of it except when we need it for our various military engagements over...but those don't count do they?
We spend more by percentage of GDP, so it has nothing to do with sheer size of our economy.
Whatever you want to call it, GDP or size of economy, that was just to block any argument about the number of dollars we spend. Not the point. Thanks for the clarification.
Tariffs have been used by the rest of the world for decades to erode our economy, especially since China came on line but, I get it, when we need to balance the playing field for our workers its unfair and outdated. LOL
I don’t think you have the first GD clue how tariffs work and who pays them.
China is the EXPORTER, the American buyer is the IMPORTER. The duties have to be computed, reported and paid by the IMPORTER. This is often done by a customs broker who handles the mechanics of the deal, and is charged to the IMPORTER as part of those responsibilities.
China is the EXPORTER, the American buyer is the IMPORTER. The duties have to be computed, reported and paid by the IMPORTER. This is often done by a customs broker who handles the mechanics of the deal, and is charged to the IMPORTER as part of those responsibilities.
An explanation can be found at-
https://www.afcinternationalllc.com...oms-clearance-a-quick-guide-on-paying-duties/
Are you President Trump, because your explanation sounds curiously like his comments?
Yep. The theory being that the higher price drives down demand for the imported goods. But if people still purchase the import, the people are the ones paying. Not China. If the tariff doesn’t drive demand for imports down, all it is is another tax on us.
This is true. Because the cost of Chinese goods is increasing due to the tariffs, many American companies have or are looking to relocate production out of China and into places like Vietnam, Indonesia, and maybe a little back into the USA.
this has been rehashed numerous times but
tariffs:
these generate tax revenues which can reduce budget deficit
trade deficit:
u.s. gdp per capita was nearly 8 times that of china.
so a trade deficit alone will be expected when we are that significantly wealthier as a nation. signs of higher consumption & a strong economy.
in addition to typically running a trade deficit, the u.s. also has investment surplus. the inflow offsets trade deficit.
It depends on how long the trade war lasts with China. Nations are not switching to renminbi or the Euro wholesale yet. Right now world banks put more faith and trust in US currency than other currencies.
Did you think about this before you wrote it? Other countries have been very protectionist against the US since WWII, yet the US is the largest economy in the world and wealthiest nation in the world... in spite of tariffs and protectionism... because they don't work as intended...
Do you have any other way to get China to deal fairly and stop stealing our technology and IP outside of using tariffs?
No. China will never stop trying to find deals advantageous to them nor will they stop stealing our technology. That stuff will stop when it invariably comes to use of force. In the meantime, US citizens will be forced to pay higher rates for goods imported from China with no measurable impact on the Chinese economy.
