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Time to End The Trump Tariffs

ObamacareForever said:
www.reuters.com

Biden says he is weighing reducing tariffs on China

U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation.
www.reuters.com www.reuters.com

Everyone wants inflation lowered. Removing the tariffs would be deflationary. The tariffs have done nothing except drive up prices.
Click to expand...
Biden tariffs. He could have ended them anytime. No?
 
Some background, from January 2022:


Why Biden is keeping Trump's China tariffs in place

Washington (CNN)President Joe Biden reversed a number of the Trump administration's policies during his first year in office -- but he has left tariffs in place on $350 billion of Chinese goods that were imposed by his predecessor.

Some of those tariffs, which are paid by American importers, have been in place for nearly four years. Former President Donald Trump's controversial trade war with China began in 2018 when he slapped tariffs on $50 billion of Chinese-made goods. Over the next year, he added duties to more items after Beijing retaliated with tariffs on some American-made products.

After months of escalation, Trump and Chinese President Xi Jinping came to a truce at the beginning of 2020, signing what's known as the Phase One agreement. It reduced the rate of some of the tariffs, but left them in place, and China agreed to increase its purchases of US goods and agricultural products -- setting an ambitious target of buying $200 billion more than it did before the trade war began.

But it's becoming clear that China has failed to meet those targets. It's on track to purchase only 60% of the goods it committed to buy, according to Chad Bown, a senior fellow at the Peterson Institute for International Economics who tracks China's purchases.

Biden suggested recently that's the reason he's leaving the tariffs in place, despite pressure from the American business community to remove them as companies struggle with inflation and supply chain disruptions. US importers have paid nearly $123 billion to cover the cost of the China tariffs since 2018, according to US Customs and Border Protection.

"It's uncertain," Biden said last week at a news conference when asked if it's time to begin lifting some of the tariffs.

"I'd like to be able to be in a position where I can say they're meeting the commitments, or more of their commitments, and be able to lift some of it. But we're not there yet," he added.



Complete text: Why Biden is keeping Trump's China tariffs in place - CNNPolitics


Looks like China is in the catbird's seat, waiting to see if the current administration will cave or not, no?
 
ObamacareForever said:
www.reuters.com

Biden says he is weighing reducing tariffs on China

U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation.
www.reuters.com www.reuters.com

Everyone wants inflation lowered. Removing the tariffs would be deflationary. The tariffs have done nothing except drive up prices.
Click to expand...

So, yesterday Biden wants War with China

Biden Says U.S. Military Would Defend Taiwan if China Invaded (msn.com)

now wants to end Tariffs, it's like Joe isn't sure what world he's in
 
ObamacareForever said:
In a hypothetical situation, the world be a different place.

Here, in the real world, China is not attacking Taiwan for the foreseeable future.

Drop the tariff, see a decline in inflation.
Click to expand...

Joe must think they will
will not drop inflation
 
ObamacareForever said:
www.reuters.com

Biden says he is weighing reducing tariffs on China

U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation.
www.reuters.com www.reuters.com

Everyone wants inflation lowered. Removing the tariffs would be deflationary. The tariffs have done nothing except drive up prices.
Click to expand...
Biden CAUSED the inflation, not the tariffs.

The ONLY deflationary method is MORE PRODUCTS and FEWER dollars.

More SUPPLY SIDE, less WELFARE.

Right now, Joe is proposing ideas that will EXPLODE inflation to even higher levels.
 
ObamacareForever said:
In a hypothetical situation, the world be a different place.

Here, in the real world, China is not attacking Taiwan for the foreseeable future.

Drop the tariff, see a decline in inflation.
Click to expand...
Nope.

Tariff's didn't cause Joe to flood the market with welfare stimulus dollars. Tariffs didn't cause a supply chain crisis. That was all Biden.

The only way to slow down this inflation is to impeach and remove Joe, and a Republican Congress overturn every one of his disastrous policies.

That will take at least two to four years. Then when Trump wins his third landslide victory and is president, he can make sure this doesn't happen again.
 
Last edited by a moderator:
middleview said:
The Pandemic caused the inflation.
Click to expand...
Nope.
Inflation is too many dollars chasing too few goods.

Shutting down the economy is not what caused inflation. It was Joes trillions in stimulus welfare, coupled with his incompetence in the supply chain crisis.

We didn't have these problems during the Trump years.

It is Joe's fault.

And the Democrat party is going to pay for that.
 
reason10 said:
Nope.
Inflation is TOO MANY DOLLARS CHASING TOO FEW GOODS.

Shutting down the economy is not what caused inflation. It was Joes TRILLIONS in stimulus welfare, coupled with his incompetence in the supply chain crisis.

We didn't have these problems during the Trump years.

It is JOE'S FAULT.

And the Democrat party is going to pay for that.
Click to expand...
No, covid added a layer of complexity to just about everything, which people want to be compensated for dealing with. Hence inflation.
 
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