Standing up to China Needs to Happen; But Not Gonna Be Easy & How A Trade War May Impact The PeopleWhat 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
Nancy Thorner
5/11/2019 07:05:50 pm
This is all left-wing spin by those on Wall Street and Globalists who dislike Trump's nationalist policy. They don't care if this nation loses its jobs and industry to China, as long as they profit from their ill-conceived ventures. For too long weak presidents have been giving all to China, and if this continues China will soon pass this nation as the supreme nation in this world. Trump is finally being tough. China will suffer more than this nation will. I am disgusted with those on Wall Street and those who sell out to China to produce their goods in China. This can't continue. What must be fought for and won is FAIR trade!! Bravo to Trump.
Annette Greco Meisner
5/11/2019 07:40:18 pm
I couldn't find any positive reports, Nancy. But I hope you're right and there is going to be a good deal for America for a change. The point about the cost of goods has me puzzled. IF Americans just quit buying the Chinese merchandise whose price has risen - won't that negate the problem? Although, the competition of low prices has kept prices of American goods down ...? Comments are closed.
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