US massively increasing tariffs in the 1930s is one factor that lead to the second world war. I suppose we're due for WWIII.
Will Trump charge all Chinese imports in the US? Like: HP "Made in China" Iphone "Made in China" Macbook "Made in China" Dell "Made in China" IBM "Made in China" Tommy Hilfiger "Made in China" All products sold by Ivanka Trump "Made in China" ... Washington Post: The Donald J. Trump Collection includes ties, suits, dress shirts, eyeglasses and other accessories. Trump shirts were made in China, Bangladesh, Honduras and Vietnam. PolitiFact Virginia found some Trump sport coats made in India. The Clinton campaign pointed to import data from 2007 that showed a Trump men’s shirt shipment marked as made in South Korea. Some of the Trump suits on Amazon.com show they were imported, Made in USA or both. BuzzFeed ordered a suit that was listed as both “imported” and “Made in USA” — and ended up with a label showing the suits were made in Indonesia. Users commented on Amazon.com that the suit that BuzzFeed purchased previously was listed as being imported from Mexico or China. This photo shows a Trump suit that carries a “Made in Mexico” label. Trump eyeglasses are made in China. Cufflinks and other accessories do not list the source of manufacturing on Amazon.com. Trump Home has a range of items, including chandeliers, mirrors, bedding, table lamps, cabinets, sofas, barstools, cocktail tables and more. Trump expanded the Trump Home brand internationally, including in Turkey. A Trump Organization news release shows it partnered with a global luxury furniture brand, Dorya International, to expand the Trump Home brand to a production facility in Turkey. According to Furniture Today, components of the Trump by Dorya furniture were made in Germany, particularly the brass and stainless pieces. Several Trump Home items are listed as made in China or imported from China — mirrors, ceramic vases, wall decorations, kitchen items and lighting fixtures. The Clinton campaign has pointed to a trademark registration for the Trump Home brand that shows picture frames and other home products were made in India. The Trump Home by Rogaska tabletop collection featured a crystal and china collection with a company based in Slovenia. The Clinton ad claims that “Trump’s products have been made in 12 other countries.” This is correct. We know of at least 12 countries where Trump products were manufactured (China, the Netherlands, Mexico, India, Turkey, Slovenia, Honduras, Germany, Bangladesh, Indonesia, Vietnam and South Korea). Further, Trump products transited other countries through the packaging and shipping process — meaning workers in more than 12 countries contributed to getting many of Trump’s products made, packaged and delivered to the United States. Trump’s practice as a businessman is not consistent with his current rhetoric against trade as a presidential nominee — this vulnerability is backed with more than enough factual evidence. If Trump brand customers took the same stance against his products as he did against Nabisco, it is clear they would be left with few Trump items to buy.
List of products on the US tariff. "Those red state voters have had it with foreign badgers applying their pinko commie elite bristles to the chins of patriotic American workers. At least, that's only the conclusion we can draw from the list of products on the latest US tariff proposals." https://ftalphaville.ft.com/2018/07/11/1531302359000/Trump-versus-tortoise-shell-and-badger-hair/ Badger hair and other brushmaking hair, nesoi, and waste thereof Tortoise shell, whalebone and whalebone hair, horns, antlers, hooves, nails, claws and beaks, unworked or simply prepared; waste and powder Shark fins, not in oil, in airtight containters Shark fins, not in airtight containers Uranium ores and concentrates Boat or dock fenders, whether or not inflatable, of noncellular vulcanized rubber other than hard rubber Tanned whole bovine skin and hide upper/lining leather, w/o hair on, unit surface area n/o 2.6 sq m, in the wet state Crust buffalo hides and skins nesoi, without hair on, surface area over 2.6 m2, tanned but not further prepared Cross-country ski gloves, mittens and mitts, of leather or of composition leather Artificial fire logs, composed of wax and sawdust, with or without added materials French doors of wood Silkworm cocoons suitable for reeling Yarn (other than sewing thread) of synthetic staple fibers, containing less than 85% by weight of such fibers, put up for retail sale Hat forms, hat bodies and hoods, not blocked to shape or with made brims; plateaux & manchons; all of felt, other than fur felt Spiegeleisen in blocks or other primary forms Hand-operated mechanical appliances weighing 10 kg or less, used in preparation, conditioning, serving food or drink & base metal pts Antiques of an age exceeding one hundred years The full list is almost 200 pages long. Honey badger don't care.
Yeah, we are real scared of the socialists, communists, islamists as if they have not made a huge mess of it in their own countries? The UK would be glad to sign a trade deal with President Trump and the US considering the European Union trying its hardest to bully the UK into submission over Brexit! Even Switzerland had no intention of joining the European Union if they are doing so great? Not even close Sherlock! If you can figure out that the European Union has the most protectionist, tariff laden economy, you know the supposed trade deal with China which is also, highly protectionist against imports coming in, is all a publicity stunt! Nothing more! Why do you think Chinese stocks are crashing? CEOs of Chinese companies saying their businesses has lost 50% or more in sales and layoffs with possible bankruptcies? Of course, liberal media continues to supress the truth! Believe the lies because you do not know better, certainly, without a brain of your own!
https://ustr.gov/sites/default/files/301/2018-0026 China FRN 7-10-2018_0.pdf Looks like dollars stores may take a hit. Dollar general stock maybe
One unimportant point will be that the prices of 2nd hand foreign cars will rise when the tariffs hit and reduce imports. However the rich will deliberately buy foreign cars as a status symbol to show off their wealth.
Trump is making the US a self sufficient country with minimal imports. It won't really affect the rich who can afford the higher prices.
All those little extra bucks you were getting in your tax reform deal around pay day will be wiped clean with all this tariff play ..... Haaaa This is just hilarious!