Standing up to China Needs to Happen; But Not Gonna Be Easy & How A Trade War May Impact The People
What media won't tell you about Trump and China - WND
5-10-19, WND.com -- Exclusive: Curtis Ellis cites 7 examples of Beijing's predatory practices. ... In fact, the Trump tariffs represent the first line of defense against China’s economic aggression against the U.S. and American private enterprise. Media commentators have downplayed or largely ignored ... the forecasters’ doom and gloom never came to pass. The commentators who criticize the president for imposing tariffs don’t explain what they would do to punish China for its predatory actions and duplicitous dealings. Instead, they invoke economic dogma that says tariffs are pure economic poison. Never mind that their incantations don’t explain why China has prospered even as it has maintained the highest tariffs in the world.
Inflation is flat, and the latest numbers on economic growth for the first quarter of 2019 show 3.2 percent annual real GDP growth – an astonishingly good number. Fully 1 point of that GDP growth was due to reducing the trade deficit with China through the Trump tariffs. Thanks to tariffs, we see more investment in production in the U.S. and less off-shoring of American factories to China.
Here’s the biggest point the media commentariat has missed:
This is not about cheap T-shirts and TVs.
5-11-19, According to the latest numbers, the USA bought 539.5 billion dollars worth of goods from China last year, but they only purchased 120.3 billion dollars worth of goods from us. For years they have been slapping enormous tariffs on the USA, stealing our intellectual property and making it exceedingly difficult for U.S. businesses to do business over there. They have been flooding our shores with cheap goods produced by government-subsidized businesses. So the USA can either allow them to keep taking advantage of us, or we can stand up for ourselves. But let there be no doubt – standing up to China will be extremely painful economically.
Standing up to China definitely needs to be done, but it is very difficult to see how this is going to end pleasantly. In an unexpected development – President Trump began the process of raising tariffs on all remaining imports from China, valued at approximately $300 billion; increasing tariffs from 10% to 25%. This potential trade war is going to affect ‘the people’ [American consumers] in a number of different ways.
*Excerpted and adapted full original report from Michael Snyder here more here and here
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