Trump’s farm bailout has cost taxpayers more than double the auto bailout

A part of it is. Reforming China's trade policies is difficult but worth the effort.

 

$400B per year worth it.

 

^^^True story.

Those *******s have been hitting our corporate servers for years. We are a Small Technology Business that works with nuclear plants, the DOD, and the DOEnergy. We have IP that automates massive data integrations, cleansing, and visualizations for enormous projects. We are "Best Practices" in the Energy Industry. Virtually all U.S. nuclear outages are also run with our technology. I have met with Chinese representatives that pitched a Chinese "presence".

The way it works is this. We start a new company in Hong Kong, that we own 51% / China 49%. That 49% is owned by a 100% owned Chinese company in Mainland China. They are provided our technology to sale in China. The guy white boards this all out with arrows between the companies, dollar signs, and more. After he was done, I walked over to the board, erased the Hong Kong Company and asked him, "What stops this from happening after the technology transfer to the Chinese mainland company?"

He gave this weak smile and looked to the right. He also had prolonged blinks at that point. I play poker at high levels. This guy was about to lie to me and everyone in the room. "Oh, that would never happen. We would lose our investment in the Hong Kong subsidiary." (Like that would matter to them once they have the algorithms and data architecture)

I thanked him for the lunch (prior to the meeting) and wished him a nice day. I have a bad habit of leaving *******s in my conference room with my staff after I have had enough. I almost always exist gracefully and politely, but the message is clear, we are out.

They still hit out servers once a month on average. We have a server filled with crap set aside just for those instances. It looks appealing by the titles of the folders and files, but it's all crap and worse (a few viruses).

 

Oh I know. Clearly you don't. I will tutor you for free because I'm kind. It is the US importers who are US citizens who are paying those tariffs. It is a tax paid by American importers. And now those American importers are paying a higher price, if they don't pass on those increases to customers, their end of year accounts will show a lower profit, hence they will pay less corporation tax or income tax. No new money has entered the US.

 

This:


And this:
One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China
Cost to U.S. consumers, businesses of Trump's China tariffs surged in June - trade group

I thought only the dems thought there was such thing as free money.
trump has completely destroyed the cons it seems.

 

I am fine with pushing the UN and our allies to address trade with China, as well as us doing so unilaterally.

That doesn’t negate or address anything however.

 

Meanwhile, some farmers are going bankrupt. Not enough bail out. Or most of the money is going to large corporate farms.
Markets are being lost in this bailout. Some of which may never recover or take decade(s) to recover.

 

Um, consumers are paying the taxes, er tariffs. So he just put a $100B tax increase on consumers. That's what you're cheering about?

 

Lol. Now that the ignorant nonsense about American consumers paying for tariffs has been put to rest, the left is moving the goalposts. I totally didn't see that coming lol

Now its a tiny, not causing any price increase redistribution of exuberant corporate Chinese and American importers and exporters' profits to hard working Americans, that keeps the libs enraged and up at night

Really funny, LIBERALS, FOR SOCIALISM BUT AGAINST REDISTRIBUTION OF WEALTH FROM ENORMOUS BUSINESS PROFITS TO HARDWORKING AMERICANS.

You can't make up what Trump hate does to humans.

 

Amazing story. Thanks for sharing.

 

Why are you against correcting the loss of $400B per year to the US economy ?? How many jobs is that ???

 

I literally just said I am fine with that.
You quoted it.

reading comprehension issues?

 

Moving the goalposts! Perhaps you should read the title of this thread? As I have already written, now reinforced by you once again, you have no clue: Who wrote "Rejoice, Trump is making a ton of money for the country".

Do you yet understand that no extra money has been made for the country? China is not paying any of the tariffs

So perhaps you could explain how that money was made. Here is a clue : look at my earlier post.

 

Yes you did. Apologies.

 

Admirable liberal logic:

- American tariffs on Chinese goods are paid by Americans

- retaliatory Chinese tariffs on American goods are paid by Americans

I bet you don't see a contradiction. Lol

That being said, the farmers are happy, the treasury is happy, it doesn't cost American taxpayers a single extra penny.

That a tiny fraction of Chinese and American multinationals' profits that they can afford without raising prices by one penny is redistributed to hard working American farmers in our fight against Chinese predatory trade practices is perfectly fine with me and American taxpayers.

That it drives normally pro-redistribution, pro-tax corporations into bankruptcy socialists like you up the wall because orange man bad is supper funny.

 

No they are not! You clearly don't understand the reasoning behind tariffs

 

Lol, that tariffs are working out amazingly well for everyone who matters, the farmers, the treasury and the consumers and that Chinese manufacturers together with multinational outsourcers are covering the cost of tariffs is supported by facts, you have not even attempted to refute a single one of these facts.

 

More nonsense from you! You clearly have no clue about the reasons behind tariffs. LOL at you thinking that the tariffs are working out really well for farmers, err, they would not need bailouts if tariffs were great!

 

More strawmen? Why am i not surprised.....

The farmers are victims of the trade war, fortunately tariffs levied on China add an enormous $100 billion windfall into treasury coffers. $28 billion is needed to make the farmers whole and $70 bln is pure profit.

And all the lying "experts'", talking heads', pundits' prophesies notwithstanding the inflation is extremely low and American consumers aren't paying for it.

Win win win for the US, for China... nor so good. We're winning dude, rejoice!

 

Let's take a closer look at the arithmetic;

First, we've long collected billions in custom duties;

FY2015 (Oct 1st 1994 - Sep 30th 1995)
Table 3. Summary of Receipts and Outlays of the U.S. Government, September 2015 and Other Period
Custom Duties; $35.041 billion
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0915.pdf

FY2016 (Oct 1st 1995 - Sep 30th 1996)
Table 3. Summary of Receipts and Outlays of the U.S. Government, September 2016 and Other Periods
Custom Duties; $34.837 billion
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0916.pdf

FY2017 (Oct 1st 1996 - Sep 30th 1997)
Table 3. Summary of Receipts and Outlays of the U.S. Government, September 2017 and Other Periods
Custom Duties; $34.575 billion

FY2018 (Oct 1st 2017 - Sep 30th 201
Table 3. Summary of Receipts and Outlays of the U.S. Government, September 2018 and Other Periods
Custom Duties; $41.299 billion
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0918.pdf

FY2019 (Oct 1st 2018 - August 31st 2019
Table 3. Summary of Receipts and Outlays of the U.S. Government, August 2019 and Other Periods
Cumulative Custom Duties; $63.950 billion
Comparable prior period year to date; $36.726 billion

https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0819.pdf

Tell me Borat, are you smarter than a 5th grader?

Your quote: Tariffs levied on China add an enormous $100 billion windfall into treasury coffers"

????????????????????????????????

 

Correction:

FY2015 Oct 1st 2014 - Sep 30th 2015
FY2016 Oct 1st 2015 - Sep 30th 2016
FY2017 Oct 1st 2016 - Sep 30th 2017

 

Quote: We collect $100 billion in tariffs and pay $28 billions to the farmers

Correction;

We have not yet collected $100 billion in tariffs....your assuming trade war with China won't end in 2020.

Effective May 2019; $250 billion X 25% = $50 billion over 12 months
Effective Sep 2019; $300 billion X 10% = $30 billion over 12 months

Annually, we import approx. $550 billion worth of Chinese goods.

HOWEVER, in FY2019, custom duties have increased by $30 billion, and affected farmers have received $28 billion. FY2020; Trade war compensation will amount to $...…..who knows?

 

And yet Trump asked the Chinese to HELP with corruption investigations?? He couldn't be more stupid.

 

Righties love socialism when it's their side that is doing it.

 

Tariffs are socialism ????