TARIFFS ON CHINESE GOODS

I just heard Donal Trump explaining what he would do as a business expert to deal with China. He would implement a "TAX OF 41% ON ALL GOODS FROM CHINA. Sounds to me like he is still running for president. A 3rd party candidate?? A tax on China always sounds good to a certain segment of the population, BUT PLEASE THINK ABOUT THE CONSEQUENCES.
ALL OF SUCH GOODS WOULD IMMEDIATELY BE PRICED UPWARD ACCORDINGLY. Suddenly Americans will pay 41% more for much of what they consume. In TRUMP's world he must not know that we no longer make these goods to substitute for imports.
Does Trump not know how painful such a move was under FDR or does he think it is, as a relative of mine does, that the thought is "conservative boiler plate." It surely isn't. It is simply a bit of truth....hard to find today.
Does Trump not know also that there are models for such tariffs and the effects on national economies.
Once again, another political statement to confuse those who apparently want to be misled. Their votes prove it.
Perhaps worse than the deliberate misleading of of people is the ABSOLUTE INCAPABILITY, OR UNWILLINGNESS, OF THOSE WITH LOUD MEGAPHONES TO ARTICULATE THE REAL REASONS FOR JOB LOSS AND LOSS OF WHOLE INDUSTRIES IN THE USA.

Comments

  1. Randy McC12 September, 2011

    Trade wars! Despicable!

    I wonder what game Trump is playing. It sure isn't noble. Wheels within wheels! The unknowing multitudes who will believe anything.

    What is the story behind his actions? Where is the money in his moves?

    ReplyDelete

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