timelets: (Default)
timelets ([personal profile] timelets) wrote2019-07-16 12:08 am
Entry tags:

Fucking Moron (tm), the tariffs edition

Mr. Trump’s tariffs on Chinese imports raised $20.8 billion through Wednesday, according to data from United States Customs and Border Protection. Mr. Trump has already committed to paying American farmers hurt by the trade war $28 billion.
...

The government has provided no such benefit to the myriad other businesses, including plane makers, technology companies and medical device manufacturers, that have lost contracts and revenue as a result of Mr. Trump’s tariffs and China’s retaliation against American goods.

https://www.nytimes.com/2019/07/15/business/trade-war-tariffs-revenue.html


It's the same bullshit story over and over again: "Michael Cohen is paying Stormy Daniels; Mexico is paying for the wall; China is paying the tariffs," etc.
tijd: (Default)

[personal profile] tijd 2019-07-16 02:53 pm (UTC)(link)
... and tax cuts will pay for themselves.

Who knew that trade wars were so complicated?

When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!

— Donald J. Trump (@realDonaldTrump) March 2, 2018