Tariffs

This is a great discussion.

We helped Mexico and they have abused it. They fucked us thanks to Clinton, Bush, BO and countless idiots in congress who have never run a company. We helped Panama and they abused it. Canada? Same thing. They have taken terrible advantage of the American citizens and it has cost us trillions in employment and innovation. Don't get me started on how much we pay for American invented drugs compared to all the countries around the world who have benefited and pay a cheaper price. That reason alone is why I hate big pharma. I have had numerous friends who can purchase even cancer fighting drugs internationally at a fraction of the cost we pay here in the US even though it was invented her. Back in the early 90's we didn't have drugs like Pepcid AC but i could buy it in El Salvador for $4.00 for 25 tablets. I still can't get it here for that. The best anti-acid product on the market but the FDA didn't allow it until the early to mid 90's. I also hate the FDA. I would come back with 4000 tablets and give to my friends.

China is a different situation. They use communism slave labor to force their cheap products down our throats. Yes, it is the American people who have consumed and enjoyed cheap Tupperware type products. They have stolen trillions of tech and patented technology in thousands of inventions and products from us. We buy them, We have to stop even though it will mean higher prices for their goods. We have to produce state side and let industry produce it cheaper and cheaper with automation. That is the cure for China.

This is not simple but common sense.

Fine. Then let's do reparations. We didn't have a wall to stop drugs coming in from Mexico. Fentanyl and meth are much different drugs than dope, cocaine and heroin. Dope was sucking up way too many drug war resources. Shut the border and work on the source of the fentanyl, the chicoms.

Good thing the FBI was tied up with rounding up January 6th paraders. Cartels obviously should have been ignored due to lack of resources. Oh, and those abortion protestors too, another important priority. Now violent BLM and antifa protestors were just mostly peaceful protestors. Who can forget all the laser lights shining at the Capitol police eyes and the molotov cocktails thrown.

We subsidized Canada's existence only for them to become a Chinese client state for pennies on the dollar.

Yeah, it's time to put them in their place.

There it is. Another dipshit TugTard.

@CallMeBigErn, pickup for your Clown Car in this thread.

You're the dipshit.

“Virtually all economists think that the impact of the tariffs will be very bad for America and for the world,” said Joseph Stiglitz, an economics professor at Columbia University and a winner of the Nobel prize in economic sciences. “They will almost surely be inflationary.”

Stiglitz is a hardcore Keynesian. A fucking egghead who sits on the sidelines and speculates while real men build businesses.

Where do we get these idiots who have clearly never negotiated a deal in their lives?

I already made the point they are inflationary.

As to how inflationary? That's a very long debate. One which has a case study with the Chinese Tariffs(which Biden kept).

Definitely Less so than doubling the money supply in four years that the dems and experts cheerled.

size matters here

It does. Inflation hits smaller economies much more quickly and harder on imports than it does ours, the largest economy in the world. Also, where exports are going also plays a role.

We get 25% of our imports combined from Canada and Mexico.

77% of Canada’s exports are to the US.

80% of Mexico’s are to the US.

Tell me who has leverage in this relationship, and don’t use that economist ShitLibz or whatever his name is who thought Build Back Better was amazing policy and endorsed it.

"None of this is supposed to happen under the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and signed in his first term. The U.S. willingness to ignore its treaty obligations, even with friends, won’t make other countries eager to do deals. Maybe Mr. Trump will claim victory and pull back if he wins some token concessions. But if a North American trade war persists, it will qualify as one of the dumbest in history."

WSJ