Trump The Tariff Goal Should Be Hurting China Not Americans!

Discussion in 'Political Opinions & Beliefs' started by JimfromPennsylvania, May 9, 2019.

  1. JimfromPennsylvania

    JimfromPennsylvania Active Member Past Donor

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    Trump going full nuclear on the China tariffs isn't acting with wisdom. Raising the ten percent tariffs already on $200 billion dollars of Chinese exports to twenty-five percent is prudent and defensible but immediately expanding it to the balance of Chinese exports the additional $325 billion dollars isn't. The balance of $325 billion dollars of trade is heavily focused on the American consumer; immediate expansion of the tariffs will just deprive the American consumer of less spending power which will have a domino effect through the economy as the American economy is two-thirds driven by the American consumer. Moreover, many brick and mortar retailers and chains are really financially hurting because they have not downsized and adjusted to the changing buying habits of the American people, meaning internet shopping, this Chinese tariff wave Trump is planning will reduce consumer spending and retailors profits causing mass retail store closings and layoffs in the retail industry, a real body blow to the American economy! Trump should phase in the expansion of the Chinese tariffs showing consideration for the American people that will be hurt by this effort; on this expansion for the additional $325 billion of trade set the start date for a ten percent tariff six months from this Friday and set the date for raising of the tariff to twenty-five percent an additional six months out. President Trump remember the duty of the President is to protect and advance the interests of the American people!
     

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