Free Trade

Congress Must Roll Back Trump's Tariff Authority

Sen. Chuck Grassley and the Senate Finance Committee will debate two bills this fall aimed at restricting presidential authority to impose tariffs without congressional approval.

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After a roller coaster month, it seems clearer than ever that President Donald Trump has lost control of the trade war—and as Congress returns to session, it seems more obvious than ever that it should take action to limit his ability to wage it.

Consider all that's happened since August 1, when Trump announced plans to impose new tariffs on Chinese imports. That announcement—the first major escalation of the trade war since last year—was made via Twitter and without first alerting Chinese trade officials. China retaliated. The stock market dropped, and fears of a recession grew. Trump decided to postpone some of the new tariffs to avoid socking consumers during the holiday shopping season, even as top White House advisors deny the obvious fact that tariffs are taxes on Americans. Trump suggested he might have to bail out Apple due to losses created by the trade war. Trump "hereby ordered" American companies to stop doing business in China. And, most recently, Trump lied about Chinese officials calling him to make a deal.

And now we're just two days away from what amounts to an $11.5 billion tax increase, when the 15 percent tariffs planned for September 1 take effect.

It's not hard to figure out why businesses are cutting back on investments amid the rollicking uncertainty created by the trade war. We're way past "good, and easy to win."

"When it comes to trade policy, the Trump administration is in a hole that it keeps digging deeper," says Bryan Riley, director of the National Taxpayers Union Foundation's free trade initiative.

For a little while about two weeks ago, it looked like Trump might stop digging. In the wake of bad news from the stock and bond markets, the president seemed to be reconsidering his long-held belief in the power of tariffs to get what he wants. But it didn't last. Now he seems to have settled on blaming the Federal Reserve for the large-scale issues like slowing growth, while bizarrely blaming the very businesses struggling under the weight of his tariffs for the problems he's caused.

Trump is who he is. There's little reason to expect him to change course or admit he was wrong. That's why the task must fall to Congress. Even if it has only limited ability to roll back the tariffs Trump has already imposed, it could take important steps this fall to reduce his capacity to do more damage.

Senate Finance Committee Chairman Chuck Grassley (R–Iowa) will be the key player. His staff has alerted committee members to be prepared for a mark-up process, one of the first steps in approving legislation, shortly after the Senate returns from summer recess on September 9.

That process will seek to reconcile two competing bipartisan bills that share the goal of restricting the executive's authority to impose tariffs. One of those bills is the Bicameral Congressional Trade Authority Act, sponsored by Sens. Pat Toomey (R–Penn.) and Mark Warner (D–Va.). It would give Congress the ability to block future tariffs imposed under Section 232 of the Trade Expansion Act of 1962, the law Trump invoked to impose trade barriers on steel and aluminum imports last year and which he has threatened to use against imported automobiles.

As currently written, the law effectively gives presidents carte blanche to impose tariffs for reasons of "national security"—even if the security angle is extremely tenuous. It's a loophole Trump has exploited, and some Republicans are privately worried that a future Democratic administration could follow in his footsteps and declare that tariffs are necessary to combat, say, global warming.

Toomey's bill would limit the definition of "national security" in the law, and it would require the Pentagon to sign off on the declaration—as opposed to the Commerce Department, which handles it now. Congress would have 60 days to review and vote on any proposed Section 232 tariffs.

The other bill is Trade Security Act, sponsored by Sens. Rob Portman (R–Ohio) and Doug Jones (D–Ala.). It too would transfer the Section 232 process from the Commerce Department to the Pentagon, and it would add a mechanism to allow Congress to block presidential tariff declarations. The Portman/Jones bill would require Congress to pass a resolution disapproving of a tariff in order to revoke it, while Toomey's bill would require congressional assent before tariffs could be imposed—essentially forcing Congress to be part of the discussion, and removing the possibility that a do-nothing Congress would allow a president to act unilaterally.

While the specifics differ, the fact that both bills will be up for debate in the Finance Committee next month is a signal that lawmakers on both sides of the aisle distrust Trump's ability to use his tariff powers prudently.

Another important aspect of the debate will involve the United States-Mexico-Canada Agreement (USMCA), the Trump administration's rewrite of the North American Free Trade Agreement. Congress must approve the new trade deal before it becomes official, and any action to limit presidential tariff authority could be linked—either implicitly or explicitly—to the USMCA as a way to prevent Trump from vetoing the Section 232 reforms.

Neither of the two bills likely to be considered by the Finance Committee would have an impact on the tariffs that will hit on September 1. Those new import taxes, like the earlier tariffs on Chinese goods, are authorized under a different law: Section 301 of the Trade Act of 1974. That law requires approval by the Office of the U.S. Trade Representative, rather than the "national security" rationalization, but it is part of the same decadeslong trend of Congress handing over trade authority to the presidency.

As the trade war ramps up again, there's a least a faint hope that Congress will try to stand up to stop it.

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  1. As currently written, the law effectively gives presidents carte blanche to impose tariffs for reasons of “national security”—even if the security angle is extremely tenuous.

    “Oh, very well. Make it ‘for the children’.”

    1. Sᴛᴀʀᴛ ᴡᴏʀᴋɪɴɢ ғʀᴏᴍ ʜᴏᴍᴇ! Gʀᴇᴀᴛ ᴊᴏʙ ғᴏʀ sᴛᴜᴅᴇɴᴛs, sᴛᴀʏ-ᴀᴛ-ʜᴏᴍᴇ ᴍᴏᴍs ᴏʀ ᴀɴʏᴏɴᴇ ɴᴇᴇᴅɪɴɢ ᴀɴ ᴇxᴛʀᴀ ɪɴᴄᴏᴍᴇ… Yᴏᴜ ᴏɴʟʏ ɴᴇᴇᴅ ᴀ ᴄᴏᴍᴘᴜᴛᴇʀ ᴀɴᴅ ᴀ ʀᴇʟɪᴀʙʟᴇ ɪɴᴛᴇʀɴᴇᴛ ᴄᴏɴɴᴇᴄᴛɪᴏɴ… Mᴀᴋᴇ $80 ʜᴏᴜʀʟʏ ᴀɴᴅ ᴜᴘ ᴛᴏ $13000 ᴀ ᴍᴏɴᴛʜ ʙʏ ғᴏʟʟᴏᴡɪɴɢ ʟɪɴᴋ ᴀᴛ ᴛʜᴇ ʙᴏᴛᴛᴏᴍ ᴀɴᴅ sɪɢɴɪɴɢ ᴜᴘ… Yᴏᴜ ᴄᴀɴ ʜᴀᴠᴇ ʏᴏᴜʀ ғɪʀsᴛ ᴄʜᴇᴄᴋ ʙʏ ᴛʜᴇ ᴇɴᴅ ᴏғ ᴛʜɪs ᴡᴇᴇᴋ
      pop over to this website …….. Read More

  2. At least Boehm finally admits that Trump has the authority to implement tariffs.

    It took a bunch of losing for Boehm to admit it.

    1. I agree. We’ve been losing Trump’s trade war since 2018. That’s a lot of losing.

      1. Markets imploding!!!!!!!!

        OH MY GOD…run for it!

        Before Jan 20, 2017 we had free trade!

        1. Freer trade. No doubt.

          Let me ask you, what does a “won” trade war look like to you?

          1. “The United States has been taken advantage of for decades and decades,” Trump told reporters, adding he did not blame the allied leaders for the “unfair” trade deals.

            “No tariffs, no barriers. That’s the way it should be. And no subsidies. I even said, ‘no tariffs,’” Trump insisted.

            “We had extremely productive discussions on the need to have fair and reciprocal” trade, he said.

            “We want and expect other nations to provide fair market access to American exports and that we will take whatever steps are necessary to [protect] industry and workers from unfair practices, of which there are many. But we’re getting them worked out, slowly but surely.”

            1. Yes! Free trade is what we can all agree is winning policy.

              Now, that we have some common ground in this discussion, do you honestly think Trump has moved the needle towards this definition of winning? By all measures, trade is LESS free. Doesn’t that mean we’re doing the opposite of winning?

              “No tariffs, no barriers. That’s the way it should be. And no subsidies. I even said, ‘no tariffs,’” Trump insisted.
              Trump has given us tariffs and subsidies, and threatens more of both! I prefer to hold politicians accountable for their actions, not their words. Talk is cheap after all. Trump is a lying hypocrite on trade.

              1. by what measures exactly, is trade less ‘free’ than when trump took over from barry suckmytoe? literally every metric has gone up – many twice what ‘progressitopians’ claimed the reverse of….

                1. By the amount of tariffs. Hint… they’ve gone up under Trump.

                  1. Changes to canada, mexico and japan outweigh china. Please tell us how you weight these things. It seems to be out of ignorance.

              2. So your strategy so to cave in to anything China or anyone else wants to do, and hope they don’t do more?

                Yeah, that’s worked out well so far.

                1. Great, now we’re stuck with all the stuff China does AND increased taxes on our consumption.

                  My strategy is to get the government out of the business of directing economic activity in this country.

                  1. Trump would agree with you except that is the exact opposite to China’s trade practices. They subsidise their industries and restrict imports and leftists think this is free trade. When tech companies are forced to hand over their IP to the Chinese government as part of locating to China then you know something is seriously imbalanced in trade. What is absolutely shocking is this has been allowed to continue for decades without any past president intervening, including Bush and Obama.
                    Trump should be commended, not vilified for ending these disgusting trade practices by China.
                    This was NOT free trade.

                    1. Apparently Leo favors the status quo, no matter how horrible. He also appears to believe we have nothing without buying our shit from China.

                      China can be replaced. We can’t.

                    2. When tech companies are forced to hand over their IP to the Chinese government as part of locating to China then you know something is seriously imbalanced in trade.

                      Maybe someone should look into exactly why tech companies prefer giving their IP to China so they can produce good there rather than producing them in America and retaining their IP.

                      What is absolutely shocking is this has been allowed to continue for decades without any past president intervening, including Bush and Obama.

                      Yes, the US should forbid American companies from operating abroad. It’s only fair.

                    3. Totally agree, Man from earth. China also manipulates their currency at will. Since Trump does not have similar powers over the economy that Chinese leaders enjoy, his only immediate play is increasing tarrifs to force them to the bargaining table.

                  2. Leo… you innocent sot… it is believed that Chinas corporation espionage and ip theft account for over 100 billion a year in costs. That isnt free trade sweetie.

              3. “Doesn’t that mean we’re doing the opposite of winning”?

                Should we send them pallets of cash to gently cajole them into more favorable trade terms for us? That would be “the opposite” of what’s being done, so maybe that would = winning?

                Maybe we should let it play out.

                1. Maybe we should let individuals decide with whom they’d like to trade, without government intervention.

                  1. Not when this results in American companies closing down their factories in America and relocation to China because the Chinese work for peanuts and are abused so much in the workplace that some of them commit suicide at work. Then these companies think they can re-import their often badly made Chinese products back to America. Leftists will not be happy until most Americans lose their jobs to cheap Chinese labour.
                    Screw that.
                    America has the right to protect the American workers who want nothing more than to earn a fair days wage for a fair days work.
                    America workers cannot compete with the slave labour practises in China, nor should they have to.

                    1. Yes, comrade, free choice must be crushed for the good of the working class!

                  2. That would be great. What’s your plan in the meantime while we deal with overbearing governments in every country of the world?

          2. “Let me ask you, what does a “won” trade war look like to you?”

            Trade wars are like knife fights. Do you know how to tell the winner of a knife fight? He’s the one who bleeds to death last.

            1. In this trade war China has been dealt a fatal blow whereas America barely has a scratch. America’s economy is still soaring despite the tariffs and China’s economy is being devastated because of the tariffs. China cannot win this. They bought a pencil to a gun fight. America holds all the cards and I doubt China will hold out much longer, especially if American companies decide to abandon China and move back to America because the tariffs make it hard to make any profit despite the cheap labour force in China.
              Make no mistake, this is a battle which needed to be fought while America has a strong economy. It could not be put off any longer. It is certainly far less costly than any of the foreign wars which other presidents seemed to have no problem getting America involved in. Afghanistan has cost America trillions and has achieved absolutely nothing and resulted in countless loss of life. I wonder why many of those who supported this war are not daring to criticize Trump for engaging in a trade war with a country which has zero respect for the rules of trade as determined by the WTO and will result in little more than a few billion in cost to America.
              The hypocrisy is unbelievable.

              1. We haven’t been scratched?

                2018 4th quarter – 4% growth
                2019 1st quarter – 3% growth
                2019 2nd quarter – 2% growth

                See a pattern here? We’ll be negative in the 4th quarter if this trend continues. Capital investment, the reason for the strong growth in 2018, is near zero now because no one wants to invest when their returns are determined by which side of the bed Trump got up on.

                Trump is the Mr Miyagi of economics.

                “Tax on” – “Tax off”

                Daniel learned something. American businessmen are learning too, but what they are learning is to pray that Trump doesn’t blow up the economy and deliver us into the hands of Elizabeth Warren.

                1. I see a small sample size to prove a theory. What else do you have?

              2. We’re like a 250 lb. professional MMA fighter getting slapped around by a 130 lb. untrained soyboy. And being told it will get far worse if we hit back.

                Seriously, we have a very easy time feeding our people. China doesn’t. We can compensate for greatly reduced trade with them. They cannot do the same. The question remains, how bad will Ximlet things get before he comes to the table?

                1. China can hold out longer because they don’t care if their people are upset; it is no threat to those in power. It took decades for the Soviet Union to implode and it would likely take many years for China to be forced to give up.

                  Tariffs could be a useful short term tactic, but I think we are beyond that.

                  Congress could, however, write a law that undercuts China’s advantages from stealing IP. Trump would welcome it, presumably.

          3. Lol. Good one leo.

            How was it freer?

      2. I am glad that you agree, Leo that Boehm is a loser.

      3. What have we lost, you might ask?

        Nov 2016 – Jan 2018, the Dow gained 7026 pts. That’s 16.5 pts/day. It’s hard to say this wasn’t due to Trump’s election and his signature tax cuts. Great! Thanks Trump.

        Jan 2018 – today, the Dow has gained a measly 254 pts. That’s 0.42 pts/day. No real economic policy changes in that year plus other than a silly trade war. Thanks… Trump.

        1. Haha. Okay Boehm.

          When the stock prices go down, I put in buy orders.

          When time the stock prices are high, I put in sell orders.

          The DOW Jones was between 8,077.56 as of Jan 23, 2009 and 19,963.80 as of Jan 6, 2017. Why would the DOW Jones go up during the 8 years of the Great Recession?

          1. Because its indexes don’t mean what you think they mean.

          2. What metric would you prefer then?

            1. New businesses started
              Number of bankruptcies (personal and businesses)
              GDP
              GNP
              S&P 500 Index
              True unemployment
              Income and Wages
              CPI
              US Currency Strength
              Prices of Precious Metals
              Import/Export Ratios
              Interest Rates
              US National Debt

              Use these and its a good start.

              1. S&P is an easy one.

                11/1/16 – 1/1/18 — 1.467 pts/day increase
                1/1/18 – 8/30/19 — 0.169 pts/day increase

                1. Do you have a conversion chart for that?

                  You are trying to imply that higher points per day increase is better.

                  Here’s one unemployment under Obama went WAY UP. Unemployment under Trump has gone WAY DOWN. I wonder if voters think that is good or bad? Oh wait, I know the answer. TRUMP 2020!!!!!!

                  1. I pulled the daily index values from Yahoo finance and just normalized by days to get the average rate of growth over that period.

                    Yes, but the topic at hand is what happened after roughly 1/1/18 when Trump’s tariffs went into effect.

                    Trump had the economy roaring along. He was reducing regulations. He cut taxes in a big meaningful way. The economy was growing fast. Then tariffs hit and the economy has been growing at a much slower rate. That’s what the data I’ve posted suggests.

                    1. Hahahahahahaha. Trump got a good economy from Obama? Is that your claim?

                      Hahaha.

                      Stick with just parroting what Boehm says. You’re better at it.

                    2. What are you talking about? You’re the only one talking about Obama.

                      No, Trump’s election and his actions in 2017 had the economy roaring at a rate faster than Obama could dream of. Then Trump started a trade war and sent us back to Obama-level piss-ant growth.

                    3. Remember when obama spent 1.5 years convincing cing us 2% growth was the new normal? Stay ignorant leo. Orange man bad, we get it.

                2. Yeah, Obama printed a shitload of money, hence the stock market bubble; a massive handout to Wall St.

                  Trump inherited Obama’s mess and couldn’t figure out how to go for a soft landing; it was too late. It’s not going to be pretty when it pops.

                  So what’s your point?

                  1. Do you Trump supporters even know how to read? I’m giving Trump credit for the massive growth rates up until 2018. That’s why I picked roughly election time to start. Then he undid a lot of the good he did reducing taxes by raising taxes (tariffs). Obama has nothing to do with this. Maybe you guys have ODS?

                    1. Do you Trump supporters even know how to read? I’m giving Trump credit for the massive growth rates up until 2018.

                      Yes, but you have no idea what they mean. Trump has done some good things for the economy, but the stock market bubble is not one of them. The stock market bubble was created by Obama, and Trump chose to continue it for political reasons. The only way to fix the stock market is through an epic crash.

                      Then he undid a lot of the good he did reducing taxes by raising taxes (tariffs).

                      As long as the US government doesn’t lower spending, it must raise taxes. And a consumption tax on foreign goods (tariffs) is the best way of doing that.

                      Maybe you guys have ODS?

                      I voted for Obama, and I’m pissed off at him: he lied about what he was going to do as a president, he engaged in massive crony capitalism, and he managed to make an already broken healthcare system even worse. And on top of that, he inflated a massive stock and real-estate bubble, and damaged race relations in the US badly. Obama has turned out to be not a gifted, liberty minded reformer, but a selfish, incompetent fool. That’s not ODS, that’s a fact. (To be fair, I think McCain would have been even worse.)

                    2. You really think tariffs are about revenue or softening some bubble?

                      Trump has signed bloated spending bills every time they’ve come to his desk. He spent whatever revenue that the tariffs generated to bail out farmers. Talk about a wealth transfer. The tariffs are about nationalism and votes in the rust belt states where they think all of their woes can be blamed on China.

                      He’s goading the Fed to lower rates to pump up whatever bubble exists in the market. And you argue that he’s bringing us in for a soft landing?

                    3. And, Leo, I’m not a “Trump supporter”. I didn’t vote for him. I did vote for Obama.

                    4. You really think tariffs are about revenue or softening some bubble?

                      No, I don’t think they are. I think tariffs are about what Trump says they are about: negotiating with China over IP, monetary policy, and other issues. I’m just saying that the fact that are a consumption tax is not a reasonable objection as far as I’m concerned, since we need higher consumption taxes anyway.

                      Trump has signed bloated spending bills every time they’ve come to his desk. He spent whatever revenue that the tariffs generated to bail out farmers. Talk about a wealth transfer. … He’s goading the Fed to lower rates to pump up whatever bubble exists in the market. And you argue that he’s bringing us in for a soft landing?

                      I’m not arguing that at all. I’m saying that a soft landing is not possible; it hasn’t been possible since before Trump got elected. Trump only has a little control over the timing of the crash and he is trying to delay it until 2021. At this point, prolonging Obama’s bad policies a little longer really makes little difference: the crash will be big either way.

                      And I think this is a good strategy, because think what you will of Trump, Biden/Warren/Sanders are much, much worse.

                  2. “Trump inherited Obama’s mess”

                    This is what happens when bigoted clingers try to think.

                    Carry on, half-educated racists. Until you are replaced, that is.

                    1. You’re a bore. So serially unoriginal. At least Kiddie Raper and the other progtard faggots change it up.

                    2. This is what happens when bigoted clingers try to think. Carry on, half-educated racists. Until you are replaced, that is.

                      I’m leaning towards the theory that RALK is the slightly edgier version of OBL. I mean, nobody can be that stupid in real life.

        2. We are in a stock market bubble due to the US government injecting massive amounts of money into the economy. Obama is principally responsible for this; not only did Obama set us up for a new crash and engaged in massive crony capitalism, he also prolonged the period of slow economic growth and greatly hurt the middle class.

          By the time Trump was elected, the damage was already done; Trump understood the problem, but since stocks are massively overvalued and resources are misallocated, the only way to fix it is a crash. The choices open to Trump were to engineer a crash right after his election, hoping for a quick recovery, or trying to put it off after his reelection.

          If Trump doesn’t get reelected, we’re going to get the crash alright, but then the next Democrat is going to double down on the irresponsible policies that got us into this mess to begin with.

        3. “Corporate Profit Uber Alles”

        4. “Jan 2018 – today, the Dow has gained a measly 254 pts. That’s 0.42 pts/day. No real economic policy changes in that year plus other than a silly trade war. Thanks… Trump.”

          OK, now gripe that the employment numbers have stalled at some 97%.
          Hint: it’s really hard to pass 100% of anything, regardless of the sports-casters ‘he gave 110%!!!’

      4. “Borders bad”
        “Taxes bad”
        “Orange man bad”
        You really are an NPC.

        1. You think taxes are good?

          1. Current voters are using the political process to enrich themselves by stealing; that’s a violation of the NAP and property rights. So, I don’t think taxes are good per se, but I think all spending needs to be balanced by taxes so that, at a minimum, voters are forced to pay for the benefits they receive.

            Since taxes penalize behavior, we don’t want to penalize income or capital gains. And since our economic problems are due to government-induced overspending, consumption taxes are actually a good way to bring some responsibilty to the behavior of US voters.

            1. I don’t think we’re too far off from each other on this issue. However, there’s no indication we can increase revenue to the point of getting out of the spending problem we have. Congress insists on spending whatever money they don’t have, they’ll surely spend any additional revenue and then some.

              I’m wondering if we wouldn’t be better off if the whole thing comes crashing down now, rather than kicking the inevitable can down the road.

              1. I don’t think we’re too far off from each other on this issue. However, there’s no indication we can increase revenue to the point of getting out of the spending problem we have.

                I agree. I’m simply saying that objecting to tariffs on the grounds that they are a tax makes no sense to me.

                I’m wondering if we wouldn’t be better off if the whole thing comes crashing down now, rather than kicking the inevitable can down the road.

                Ordinarily, crashing sooner is better, but at this point, it makes little difference: the problem is massive either way.

                If Trump could have popped the bubble in his first year, we might be on the way to a recovery. But he couldn’t do that: he was tied up with Russia, the bureaucracy was hostile to him, Republicans hated him, and he doesn’t control the Fed.

                In 2019, it comes down to politics: if we crash now, Warren or Sanders would likely win, and they would use a crash to permanently turn the US economy into that of a third world shithole. If we crash after a Trump reelection, there is a least a possibility that he will institute the right kinds of reforms, since, unlike Warren/Sanders, Trump at least seems to have an inkling of the economic issues.

        2. It’a a crime against humanity to tax imports from Slaver Emperor Xi!

          Payroll and income taxes? Meh. Only the peasants pay that anyway. What do they matter?

      5. “We’ve been losing Trump’s trade war since 2018. That’s a lot of losing.”
        https://www.statista.com/statistics/261690/monthly-performance-of-djia-index/
        Bullshit.

        1. Look at that growth prior to 2018. Explain what happened in January 2018 to cause the roller coaster in the chart at your link. Thanks for proving my point precisely.

          Now zoom back to November 2016. Look how stoked the markets were to be done with Obama. We could still be riding that wave, but Trump had to undo the tax cuts by increasing taxes on consumption.

          1. After quick run ups it is not uncommon for stocks to trade flat for a while. And if the market is, in fact, overinflated presently, the tariffs might be largely inconsequential. You seem to be saying the tariffs are a mistake as proven by the evidence of stocks not bubbling up even further. Seems a little simplistic.

  3. Maybe that push to give the executive greater authority to control trade with minimal consent of Congress about a dozen or more years ago had a downside.

    1. Whose got the pen and the phone now?

  4. If Trump is what it took for Congress to take back responsibility for tariffs, then score another benefit of Trump as president.

    1. It hasn’t happened yet. I wouldn’t get your hopes up. A lot of Democrats seem to agree with Trump on protectionism and a lot of Republicans are afraid of Trump because he tends to purge dissent out of his party.

      1. If they agree with Trump on protectionishm, why don’t they enact their own bills and take all the credit with pro-protection voters?

  5. Here’s hoping that Grassley or some other senator can slip in to the next bloated appropriations bill some language that repeals the president’s tariff authority.

  6. ╔════╗───────────────╔═══╦═══╦═══╦═══╗─╔╗╔╗╔╗
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    ──╚╝─╚╝─╚══╩╝╚╝╚╣╔═╝─╚═══╩═══╩═══╩═══╝─╚╝╚╝╚╝
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    1. Trumpslide2020!

    2. Trumpty Dumpty, He’s quite off-the-wall,
      Trumpty Dumpty won’t stay in His toilet stall
      He just goes ahead and takes His shits,
      Totally regardless of whereever He sits
      Whenever He simply, no way, can sleep,
      He Twits us His thoughts, they’re all SOOO deep!
      He simply must, He MUST, Twit us His bird,
      No matter the words, however absurd!
      He sits and snorts His coke with a spoon,
      Then He brazenly shoots us His moon!
      They say He’ll be impeached by June,
      Man, oh man, June cannot come too soon!
      So He sits and jiggles His balls,
      Then He Twitters upon the walls
      “Some come here to sit and think,
      Some come here to shit and stink
      But I come here to scratch my balls,
      And read the writings on the walls
      Here I sit, My cheeks a-flexin’
      Giving birth to another Texan!
      Here I sit, on the pooper,
      Giving birth to another state trooper!
      He who writes these lines of wit,
      Wraps His Trump in little balls,
      He who reads these lines of wit,
      Eats those loser’s balls of shit!”

  7. Look, Trump’s running a bluff, telling the Chinese that we’re perfectly happy with tariffs and trade wars – we love this shit! Give us more! The bluff doesn’t work so well when China can see so many people behind Trump whining and crying and complaining that they can’t stand the pain. Suck it up, get behind your President and show those Chinese that we stand together and they’re going to lose this fight, they have no chance of winning. If we do that, the Chinese will quickly crumble and victory will be swift.

    It’s your patriotic duty to get behind your President and show the enemy we are fighting as one any time the President declares war. Whether it’s Vietnam, Iraq, Afghanistan, Iraq again, Libya, Syria, Yemen, or China, it’s the lowest form of scurvy dog that would betray his country by protesting the war and thereby provide aid and comfort to the enemy. Anybody insufficiently cheering Trump should be summarily shot as the traitors they are and it’s all their damn fault if this big beautiful trade war thing doesn’t work out.

    1. No!
      We must never interrupt the flow of wealth and power to Slaver Emperor Xi!

  8. I’d rather they rolled back the President’s tariff authority.

    1. Exactly. The party out of power always wants to limit the power of the one currently exercising it. Obama could make executive orders, as is natural and right, but not Trump.
      The office should have less power.

      1. While there is some truth to your comment, the real problem is Congress’s failure to do it job and legislate. It is far easier to simple pass of the responsibility to the executive branch. President Obama used executive powers when Congress would not act. President Trump uses his power in a similar way. I would add that he also does things when Congress stops him from doing what he like. If congress does rein in the tariff powers it will be a good thing. A start to rebalancing powers of the executive and legislative branches of government.

        1. Modertaion…We do not see eye to eye on everything, but I think we agree on an important principle here. Properly, Congress should be setting tariff rates under their Article I powers. But what they have done is delegate that authority to the POTUS (rightly or wrongly). If they wish to reclaim that power, then they need to act.

          I personally think POTUS Trump is doing the right thing: Using tariffs as a foreign policy tool to change Red Chinese serial lying, serial cheating and serial theft of American IP.

          1. I think that tariffs originating from Congress would show the tariffs have a broader support and so send a stronger message. I don’t know that tariffs are the right tool to address the theft of IP. Nation to nation IP theft is a fact of life. Remember at young USA did similar things, upsetting established European powers. It is really important for nations to protect their IP internally and work collaboratively with other nations to protect IP. I think treaty like the TTP would be more effective than tariffs.

    2. Orange Man Bad!
      Other Presidents Good!

      1. Orange Man bad?!? He BAD, all right! He SOOO BAD, He be GOOD! He be GREAT! He Make America Great Again!

        We KNOW He can Make America Great Again, because, as a bad-ass businessman, He Made Himself and His Family Great Again! He Pussy Grabber in Chief!
        http://www.theatlantic.com/politics/archive/2017/01/donald-trump-scandals/474726/

        “The Many Scandals of Donald Trump: A Cheat Sheet”
        He pussy-grab His creditors in 7 bankruptcies, His illegal sub-human workers ripped off of pay on His building projects, and His “students” in His fake Get-Rich-like-Me reality schools, and so on. So, He has a GREAT record of ripping others off! So SURELY He can rip off other nations, other ethnic groups, etc., in trade wars and border wars, for the benefit of ALL of us!!!
        All Hail to THE Pussy Grabber in Chief!!!

        Most of all, HAIL the Chief, for having revoked karma! What comes around, will no longer go around!!! The Donald has figured out that all of the un-Americans are SOOO stupid, that we can pussy-grab them all day, every day, and they will NEVER think of pussy-grabbing us right back!

        1. Proving yet again, that the Left can’t meme.

        2. More hyperbolic bleating from Squirrely.

  9. Containing China is impossible, they will continue growing. There is no absolute reason why the growth of China will cripple the US economy. Brilliant minds will find ways to make China and the US complimentary to one another.

    1. Totalitarian Slave States are the Future! It’s inevitable!
      Let’s make the US compatible with them ASAP!

    2. Thanks for the input, Emperor Xi.

    3. Back in the 1940’s, there wasn’t any absolute reason why the growth of Germany would cripple the US. But there were contingent reasons.

    4. Because China is growing at the expense of America and many other western nation which long ago passed laws protecting workers which China does not give a shit about. Chinese workers are among the worst paid and worst treated workforce in the world. China sees their workers as little more than slave (there’s plenty more where they came from)
      China also demands tech companies give them access to their IP which should send shivers down the spine of anyone who says they believe in free trade. There is nothing ‘free trade’ about how China operates

    5. Xi’s China will never become the world power that everyone fears. Xi has a fatal flaw in his plan which will prevent his success. Obedience and innovation are incompatible.

      No slave invented the cotton gin nor will any Chinese with a high Social Score develop quantum computing or any other cutting edge technology. WW II Germany lived on the creations of pre-Nazi educated scientists, not on the minds trained in Hitler Youth camps.

      As long as the US allows the world’s best minds to emigrate to the US we have nothing to fear from a country that has to send its children out of China to get an education.

      1. Xi’s China will never become the world power that everyone fears. Xi has a fatal flaw in his plan which will prevent his success. Obedience and innovation are incompatible.

        Fascist Germany was quite good technologically, and so was the Soviet Union for a while.

        All a totalitarian state really needs to do is keep the tiny percentage of innovators in the population happy and reward them, and totalitarian states are perfectly capable of doing that.

        In fact, that’s what progressives in Europe and the US have been pushing for: lavish rewards for academics, intellectuals, and leaders, while driving the rest of the population into dependence and submission. In Europe, the process is almost complete. Americans are still rebelling, which is why progressives want to import a more malleable, less educated base population.

    6. Isn’t it a libertarian goal to eliminate tariffs, including in other countries? Isn’t it a libertarian goal to eliminate governments protecting their friends business and profits thru government action? Isn’t it a purpose of government to protect patents and copyrights to promote progress?

      Trump has said he’d like to eliminate tariffs, protect patents and copyrights, and stop China from stealing technology and value from US inventors. That’s not only good for American citizens, it’s also good for Chinese citizens (and makes it harder from the Communist political class to extract wealth from their citizens).

      This is making “the US and China complementary to one another” rather than where one country leeches off the other. I support Trump’s efforts.

      It’s a reasonable question whether the president should have such powers. Statists often pass such powers to the executive branch always believing the President will be a statist. Now they regret it. Just like the author. Because now Trump is trying to eliminate tariffs. We should be on his side.

  10. Lets see;
    Chinese hacking industrial tech
    Chinese deflating their currency
    Chinese playing NK against the world
    Chinese dumping products into the U.S.
    Chinese disallowing our products in China
    Chinese advertising against U.S.policy in the mid west
    Chinese buying our politicians by creating multinationals who obby in our congress
    Chinese using debt to control 3rd world countries
    Chinese trying to control trade routes in the Pacific
    Chinese companies ignoring U.N. sanctions against Iran
    Chinese ignoring human rights
    Chinese ignoring pollution issues
    Chinese manipulating their companies value in our stock market
    Chinese selling 5g equipment with embedded spyware
    Chinese selling heroin and fentanyl into the U.S. Killing 70K per yr.
    The lying and bad faith is so endemic it’s factored into every equation with them. The use of tariffs is to get them to change the above.

    1. You apparently think that history is unique and shocking.

      You need to open your eyes.

    2. Sometimes we need to have the humility to acknowledge that we cannot control others… We can only control ourselves!
      https://en.wikipedia.org/wiki/Economy_of_China
      GDP per capita
      Increase $10,153 (nominal; 2019 est.)
      USA GDP per capita : 59,531.66 USD (2017)
      We are about 6 times as wealthy as they are!!! HOW MUCH MORE per-capita wealth do YOU want to have, compared to the Chinese, before you are willing to be a wee tad less greedy, nationalistic, and selfish? Maybe we should FIGHT a little less, and COOPERATE a wee tad more? And NOT try always to tell others what to do and not do? Be a little less Trump-ish, in other words? I think more cooperation and less competition would be in order here! Trump is flushing the world economy down the crapper, if there’s no stop to the trade wars!

      Chinese companies ignoring U.N. sanctions against Iran

      So?!?!? Is the USA the global dictator?!!?

      1. We are about 6 times as wealthy as they are!!! HOW MUCH MORE per-capita wealth do YOU want to have, compared to the Chinese, before you are willing to be a wee tad less greedy, nationalistic, and selfish?

        You exhibit typical socialist zero-sum thinking.

        The fact is that China’s economic woes are due only to China and their totalitarian, illiberal forms of government.

        Impoverishing the US won’t make the Chinese population any wealthier. Nor will trading with them because it is not the Chinese population but the Chinese political class that reaps the rewards.

        1. “You exhibit typical socialist zero-sum thinking.”

          Exactly 180-degrees flat-out WRONG! Free trade… Even one-sided trade, where we’d trade freely and China would tax-tariff their consumers… Is the non-zero-sum way to go! We win (better and-or more affordable goods and services) and they win (some USA dollars).

          Trade wars? BOTH sides lose! Just like shooting wars, we are both worse off! If trade wars make us rich, then Nevada and Colorado should start a trade war between the two of them!

          1. You are one of the most moronic people I’ve ever seen here. Yet you write the most. That’s a problem.

            Seriously, you’re a stupid person dominated by feelings backed up by little rational thought. I find induhviduals, such as yourself, to be vexatious.

            1. And you are so utter lacking in intellectual firepower, that you never bother to refute what I say, you just call me names like a schoolgirl. Intellectual lightweight! Do you have to keep yourself tied down, to keep from floating away?

          2. Exactly 180-degrees flat-out WRONG!

            No, it is correct that you exhibit typical socialist zero-sum thinking. In the posting you responded to, you yourself stated that trade with China required sacrifices.

            Even one-sided trade, where we’d trade freely and China would tax-tariff their consumers… Is the non-zero-sum way to go

            It is true that one-sided tariff-free trade can benefit a nation under some conditions; it is not true that it always does regardless of the legal, regulatory, and economic conditions.

            In fact, to my knowledge, comparative advantage only has been mathematically demonstrated to hold for a very limited set of conditions.

            1. If trade wars are good, every on of the 50 states in the USA should declare trade wars on every other state… And then county on county, city on city, and finally, SQRLSY One’s household should trade with NO ONE… Good jobs ONLY for residents of SQRLSY One’s household!!! No one else DESERVES to trade with me!!! I will do my own iron ore mining, smelting, tool manufacture, home dentistry, you name it… It is actually a straight-line ticket to utter poverty!!!

  11. The practical question is whether Trump would sign a bill that decreases his own authority to unilaterally impose tariffs, and the practical answer is, “Why would he do that?”

    If Trump signs a final bill like that, it’ll either be effective come January of 2024 or it’ll be worded in such a way that Congress will override his veto–and the chances of the latter are practically zilch.

    There seems to be a fantasy floating around in the background about a Democratic Party that’s more pro-free trade than Donald Trump, but I don’t see any evidence of that from the front runners in the presidential campaign. To whatever extent that the Democrats are pro-trade with China, it’s only to the extent that they hate Trump–and everything he does.

    Anybody who thinks President Biden, Harris, Sanders, or Warren is about to drop all of Trump’s tariffs in his or her first term is dreaming. The Democrats necessary to override Trump’s veto may be even less pro-trade with China than their candidates for president. Meanwhile, I don’t imagine Congress will be about to override Trump’s veto if and when Emperor Xi goes all Tienanmen Square on the protesters in Hong Kong either.

    The hope that Congress or the Democrats will save trade with China because you (second person plural) hate Donald Trump so much isn’t indicative of anything but the intensity of your TDS. Unfortunately, Trump is probably the best hope we have for trade normalization–over the next four to eight years. If that sucks, well, it is what it is anyway whether we like it or not.

    1. “If Trump signs a final bill like that, it’ll either be effective come January of 2024”

      Why would Trump give up tariff authority in his third term, after it having worked so well in the first and second?

      #MAGA

    2. Unfortunately, Trump is probably the best hope we have for trade normalization–over the next four to eight years.

      Based on what, the past year and a half of doubling down on stupid restrictionist ideas with no end in sight? Even Obama and Bush Jr were able to see the errors of their ways and back off on their own tariffs. No sign that Trump will. His ego won’t let him.

      I don’t count on any President in 2021 to do the right thing with respect to trade. That’s a sign of how far we’ve fallen. There is no lesser of two evils any more. Maybe Congress will have the balls to take some of their power back, but it’s doubtful.

      1. Based on the fact that the alternatives to Trump are universally at least as anti-trade with China as he is. They’re even more anti-trade than Trump if their beef isn’t about China abusing our trade relationship specifically in regards to forced technology transfers.
        Their beef is with capitalism and trade–generally speaking.

        In other words, I see little reason to believe that Trump won’t normalize trade with China if and when China agrees to end forced technology transfers and accepts an enforcement mechanism. I also see little reason to believe that Biden, Harris, Sanders, or Warren want to normalize trade with China–regardless of whether China agrees to end forced technology transfers.

        If Trump doesn’t come through with a win, the window will probably have closed.

        1. Even if you concede that Trump is better for the economy than the Dems (by the way I still think he probably is, but my confidence in that is waning more and more with this stupid trade war), his best path towards reelection in 2020 is not to stagnate our economic growth. The economy might be the only thing he really has to run on.

          We’re better off pointing out the facts. Growth was phenomenal in 2017, prior to the trade war. It’s his own actions that have caused the economy to stagnate. If he would just end the trade war and eliminate tariffs in a way that allows China to reciprocate and get us back to where we were in 2017, he would almost certainly be assured reelection. But the clock is ticking. The longer it takes for him to renegotiate on those terms with Xi, the less likely we see market indices rebounding by November 2020 when it matters.

          1. “his best path towards reelection in 2020 is not to stagnate our economic growth. The economy might be the only thing he really has to run on.”

            There are a couple of problems with the theory that the swing state voters in the rust belt who put Trump in office will turn on him because of the trade war with China. One is that unemployment and pay raises for unskilled workers in the rust belt haven’t been better since the 1960s. The other is that all indications are that support for Trump remains strong in the areas that have been hurt worst by tariffs.

            Voters don’t necessarily make the same connections you do, and while what happens on Main Street and what happens on Wall Street can be interrelated, their relationship doesn’t always play out in a way that coincides with the election cycle.

            Regardless, no Democrat candidate, be it Biden, Harris, Sanders, or Warren, can benefit by calling out Trump for capitulating to China–if he doesn’t capitulate. And no candidate, Democrat or Republican, is about to win Michigan, Ohio, Pennsylvania, or Wisconsin by calling for an end to the trade war with China. Those voters have been spoiling for a trade war with China since the Clinton administration, and they’re not about to give that up–not when their employment opportunities and wage gains are going so well. If things go badly between now and then, that may just light more fuel under the trade war, too.

            Suffice it to say, the idea that there’s any better hope than Trump for normalizing the trade war is just wishful thinking. And if that sucks, it sucks because it’s true. If we want to change that dynamic, better start to separate the trade issues from opposition to Trump in people’s minds. If people think you’re only pro-trade because you’re anti-Trump, chances are they won’t listen to you. If people think you’re only pro-trade because you’re anti-Trump, chances are that nobody should listen to you.

            1. If we want to change that dynamic, better start to separate the trade issues from opposition to Trump in people’s minds.

              How exactly does one do that? Roughly 45% love Trump no matter what he does and roughly 45% hate him no matter what. Maybe we should just realize that partisans are, and will always be, unreachable.

              I’ve given Trump the benefit of saying his policies prior to 2018 were great for the economy. I’m able to see the realism that his trade policies have greatly reduced the impact of those 2017 tax cuts.

              1. Trade and Trump had nothing to do with each other 20 years ago when China was allowed to join the WTO, and they’ll have nothing to do with each other after Trump leaves office. Trade, the drug war, gun rights, free speech, eminent domain abuse, and a million other things will still be issues long after Trump leaves office. Public opinion on gay marriage and recreational marijuana didn’t change because we tied those issues to some president. Our opponents wanted people to think that libertarians were only opposed to TARP, the expansion of Medicaid under Obama, and the drug war because we were opposed to Obama. They tried to rob our arguments of their legitimacy by smearing them as racist attacks on Obama. Actually being a racist against Obama wouldn’t have helped our arguments any.

                It’s the same thing with Trump. Plenty of people imagine that the only reason we’re pro-trade with China is because of TDS–and proving them right doesn’t do the cause of trade with China any good. And it’s really hard to shake them of that impression when you can’t even tell the difference between being pro-trade with China and anti-Trump. For goodness’ sake, if you wouldn’t be any less pro-trade with China if Trump were struck by lightening tomorrow, then there must be a difference between them, and if keeping Trump in office is the best hope for normalizing trade with China for the foreseeable future, then there are obvious implications of that. Hell, if you’d oppose Trump even if him being reelected were the best thing for normalizing trade with China, then maybe you aren’t really pro-trade with China at all. Maybe you really do just have TDS.

          2. Except, the economy has not stagnated. It is still growing despite the tariffs which are actually having virtually zero effect on every day Americans. However, china cannot say the same. Their economy has be damaged badly by these tariffs. This is war China cannot possibly win because it’s economy depends heavily on it’s exports to America. The same cannot be said the other way. All it will take are a few American companies to decide to move back to America and the Chinese economy will virtually collapse. They are already printing money like crazy to absorb the cost of the tariffs but this will certainly lead to increased inflation. China’s economy is screwed if it continues this war much longer. I doubt it will even make to the 2020 election.

            1. “Except, the economy has not stagnated. It is still growing despite the tariffs which are actually having virtually zero effect on every day Americans.”

              This isn’t so.

              The Treasury has collected some $63 billion in tariffs since they went into effect last year, and that’s $63 billion average American consumers wouldn’t have had to pay for the things they want if it hadn’t been for the tariffs.

              https://www.wsj.com/articles/u-s-collects-63-billion-in-chinese-tariffs-through-june-11565168400

              If we feel compelled to say things that aren’t true in order to defend tariffs, then we probably don’t have a very good argument for them–or we wouldn’t trot out arguments that are so easily refuted by a single fact.

              And that’s the least of the negative impact on average Americans. We haven’t talked about the negative impact on average Americans of them having to pay through the nose to buy from domestic suppliers–who wouldn’t be competitive on cost if it weren’t for the tariffs.

              If the choice were limited to Trump and any of the following: Biden, Harris, Sanders, or Warren–and the only issue I could vote on were trade with China–I’d pick Trump as being the most pro-trade with China candidate of the bunch. Just because Trump is the least bad of a terrible bunch, however, does not mean that what he’s done hasn’t hurt the economy or average American consumers.

              It has.

            2. They aren’t gong to move back to America. They’re going to move to Cambodia and Vietnam.

    3. Several members of the Clown Car have already telegraphed that they will manage trade through aggressive tariffs. Except it won’t be a tactic to reduce barriers. It will be the new normal.

    4. “To whatever extent that the Democrats are pro-trade with China, it’s only to the extent that they hate Trump–and everything he does.”

      If only that were the only reason.

      They’ve been bought. Maybe bribes, maybe extortion and blackmail, maybe a combination of the two, but they’ve been bought. Too much happens to China’s advantage in our government for that to not be the case.

      1. ^this
        All this bitching about tariffs completely ignores that the trade situation with China is the product of centrally planned conditions put in place by the most corrupt people in our country over the last 3 decades.
        But sure, the Chinese government and American politicians might’ve been looking out for the well being of Americans rather than their own long (China) and short (US politicos) term interests

    5. Donald Trump is to Elizabeth Warren as Herbert Hoover was to FDR. The inevitable Trump-Slump will be blamed on free trade and Warren’s commandeering of the American economy will be seen as the Second Coming.

      There were far better advocates of free trade in the 1930’s than today yet Roosevelt enacted by fiat and Democrat super majorities more destructive laws and regulations than any president before, or since.

      Blaming the Fed for all that ails us won’t work. Even if Powell lowers interest rates, (Which may actually be the right thing to do. In the absence of market forces to determine interest rates, no one knows what the right thing is) the economy will still be stagnant due to investor uncertainty as to where to invest.

      1. I hope you are wrong. President Warren is my worst nightmare. It would be time to buy lots of guns and install a 10,000 gallon fuel storage tank.

  12. “it seems clearer than ever that President Donald Trump has lost control of the trade war”

    Trump is winning. Emperor Xi is losing.

    Reason throws a hissy fit.

    Reason luv them sum Slavers.

    1. Coming soon from Boehm and Nick:

      “The Reason case for Communist China”

    2. “Trump is winning. Emperor Xi is losing.”

      Bullshit! USA and Chinese public are both losing! The ONLY way to win a contest of seeing who can most out-do the other at cut-off-your-nose -to-spite-your-face, is to NOT play the game!

      1. Do you seriously believe that the status quo with China should be allowed to continue or that China should be allowed to manipulate it’s currency and force tech companies to hand over their IP.
        The trade between China and America is unbalanced to the tune of billions. It is this imbalance and the reliance on it’s exports to America which ensure China will not win this trade war.
        The American economy is very strong at the moment and will easily survive this trade war. China’s economy is tanking. I doubt it will survive even to the 2020 election and when/if Trump wins in 2020, which is likely, their economy will never survive to 2024.

        1. I’m not defending all that China does… I am defending cooperation be (in most circumstances) a far, far better bet than constant competition and fighting.

          Sometimes we need to have the humility to acknowledge that we cannot control others… We can only control ourselves!
          https://en.wikipedia.org/wiki/Economy_of_China
          GDP per capita
          Increase $10,153 (nominal; 2019 est.)
          USA GDP per capita : 59,531.66 USD (2017)
          We are about 6 times as wealthy as they are!!! HOW MUCH MORE per-capita wealth do YOU want to have, compared to the Chinese, before you are willing to be a wee tad less greedy, nationalistic, and selfish? Maybe we should FIGHT a little less, and COOPERATE a wee tad more? And NOT try always to tell others what to do and not do? Be a little less Trump-ish, in other words? I think more cooperation and less competition would be in order here! Trump is flushing the world economy down the crapper, if there’s no stop to the trade wars!

        2. “o you seriously believe that the status quo with China should be allowed to continue or that China should be allowed to manipulate it’s currency and force tech companies to hand over their IP.”

          A simple view that turning over the IP to a different country invalidates the protections here could deal with that issue well.

          In the end, if they WILLINGLY give it up to others elsewhere, why should WE respect it here?

          1. I like this idea

  13. “Must” is always the cry of the politically losing that knows their “must” just ain’t gonna happen.

    Cry more.
    #MAGA

  14. We’re gonna “win” this trade war! It’s not like the Chinese will let their people starve in order to stick it to the capitalists.

    1. That’s up to the 1.3 billion Chinese. Slave or free, their choice.

      1. More like slave or die.

    2. “It’s not like the Chinese will let their people starve in order to stick it to the capitalists.”

      Hahaha! They’re Commies!! Ever hear of Mao, Stalin, Pol Pot, Castro, the Kims?? Starving citizens is merely collateral damage, and to the extent they control who is starving, a highly desirable feature.

      Ok. Maybe my sarc meter needs recalibration.

  15. First, I am pro free trade; zero tariffs and to be honest, I see no reason for a single one.
    Secondly, the market (which is NEVER wrong) is saying that Trump’s activities are not hurting the economy, so the market seems to be seeing the tariffs as other than the obvious result.
    Finally, I am short TDS victims. Sidown, shadup and grow up; you and she lost and I’m tired of listening to your infantile whining.

    1. Secondly, the market (which is NEVER wrong) is saying that Trump’s activities are not hurting the economy, so the market seems to be seeing the tariffs as other than the obvious result.

      I disagree. I’ve documented the change in the rate of the Dow and S&P since Trump started the trade war. There is clearly an inflection point in the rate of growth. Would the markets be able to sustain the growth we had in 2017? Probably not. But there’s no other explanation than tariffs for the fact that the market has been relatively stagnant since Trump’s trade war started in 2018. For Christ’s sake, you can almost predict if the markets will be up or down now based on whether the latest news on trade is positive or negative.

      1. “Would the markets be able to sustain the growth we had in 2017? Probably not. But there’s no other explanation than tariffs for the fact that the market has been relatively stagnant since Trump’s trade war started in 2018.”

        Simply, bullshit.

        1. What’s the explanation then. Something clearly happened to change the rate of growth of the S&P and Dow in January 2018.

          1. Leo Kovalensky II
            August.30.2019 at 11:01 pm
            “What’s the explanation then. Something clearly happened to change the rate of growth of the S&P and Dow in January 2018.”

            I do not know, nor do I make the claim of doing so. YOU made the claim; it is yours to prove.
            I will suggest (see upthread, regarding the limits to growth; employment) that market growth will tend to plateau after vigorous growth.
            Look, you are not one of the idiot TDS posters here, but Trump is not the sole cause of the market rise, nor the sole cause of the market, what, pause?
            As above, I agree that tariffs are icky, but so far they have yet to do anything at all, unless we can assign the pause to them. What is obvious for reasons which have yet to become clear, they have yet to cause serious harm.
            Without offering too much here, in discussions with those who are handling some serious money, suffice to say that the market assumption still sees Trumps efforts as ‘bargaining chips’. Of course their (and my) assumptions could be wrong, but (as I was advised) look back and see what happened.
            Trump remains a loose cannon and a blowhard, and the best POTUS we’ve had since Silent Cal. Want me to chose him and his wife as a dining partner to me and mine? Not a chance, but that’s not the issue.
            Got evidence otherwise? Please post here.

            1. Prepare for a rough ride! Thanks, Trump!

              https://markets.businessinsider.com/news/stocks/consumer-sentiment-drops-most-since-2012-on-tariff-concerns-2019-8-1028488205

              Trade-war fears trigger the biggest decline in US consumer confidence in 6 years

              “The newest data is the lowest reading since October 2016, following the recent yield-curve inversion and trade-war escalations that have revived recession concerns.
              The negative trend “is due to negative references to tariffs” from those surveyed, Richard Curtin, the Survey of Consumers chief economist, said in a statement.”

              Now is NOT a good time to go deeper into debt buying more toys!!!

              1. Cites Business Insider as a source!
                Why not The Guardian, you fucking idiot? I’ll bet you’re sorry the Daily Worker isn’t available anymore.

                1. So sorry it’s not Breitbart! If it doesn’t put Trump in a good light, it can’t be true!

                  https://markets.businessinsider.com/news/stocks/trump-lied-about-trade-war-to-boost-markets-cnn-may-fall-on-deaf-ears-2019-8-1028489021

                  Trump lied about the trade war to boost stock markets — his bluster may soon start falling on ‘deaf ears’

                  1. SQRLSY One
                    August.31.2019 at 10:41 am
                    “So sorry it’s not Breitbart!”

                    So sorry you’re a fucking idiot.
                    No, only fucking lefty ignoramuses assume that if Business Insider is laughed at as a source, the alternative MUST BE Breitbart.
                    Were you born this stupid, or did it take you long years in government schools to get so fucking dumb?

                2. https://www.businessinsider.com/spies-react-trump-g7-summit-russian-asset-2019-8

                  US spies say Trump’s G7 performance suggests he’s either a ‘Russian asset’ or a ‘useful idiot’ for Putin

                  1. If Europe wants to keep giving Russia millions…why should they not be part of the G7? Diplomacy exists or it does not.

          2. The S&P is not related directly to the state of the economy. It fluctuates daily on the whims of speculators. It is telling that this is the metric chosen by those who disagree with the need for this trade war while ignoring the fact that these tariffs have had little to no effect on the actual economy. In fact, the economy it still very strong and is still growing. China’s economy is shrinking because of the impact of the tariffs and they have had their worst year in the last 20.

        2. I’ve even been clear, in this very thread, that Trump’s election and subsequent tax cuts fueled all that growth in 2017. Good on Trump!

          But he couldn’t leave well enough alone.

      2. The market was due for a pause. Let’s see how it plays out.

        1. Let’s see how it plays out.

          What a cop out.

          Every time there’s any indication that China and USA are willing to talk like adults the markets go up. Every time someone tweets that they’re unilaterally raising tariffs, the markets go down.
          Investors are just waiting for cooler heads to prevail. Unfortunately, hot heads seem to dominate the world stage.

          1. “What a cop out.”
            What a cop out.
            You deserve it.

        2. “The market was due for a pause.”

          Thank goodness that Trump and Trump alone brought us that refreshing pause. The pause that refreshes.

  16. Start working at home with Google. It’s the most-financially rewarding I’ve ever done. On tuesday I got a gorgeous BMW after having earned $8699 this last month. I actually started five months/ago and practically straight away was bringin in at least $96, per-hour. visit this site right here…… http://www.Mesalary.com

  17. I can’t believe how weak-kneed Americans like this author have become over the decades. Probably something to do with the globalists in academia who feed the mainstream media. Whatever happened to the axiom “No Pain, No Gain?” A message to all shortsighted Americans: grow a pair to fight the good fight.

    1. We already won this “fight” since the USA was a baby-nation! I doubt that the Chinese have EVER had a GNP per capita than the USA, in all that time! How MUCH “winning” do you want, at what expense?

      https://en.wikipedia.org/wiki/Economy_of_China
      GDP per capita
      Increase $10,153 (nominal; 2019 est.)
      USA GDP per capita : 59,531.66 USD (2017)
      We are about 6 times as wealthy as they are!!! HOW MUCH MORE per-capita wealth do YOU want to have, compared to the Chinese, before you are willing to be a wee tad less greedy, nationalistic, and selfish? Maybe we should FIGHT a little less, and COOPERATE a wee tad more? And NOT try always to tell others what to do and not do? Be a little less Trump-ish, in other words? I think more cooperation and less competition would be in order here! Trump is flushing the world economy down the crapper, if there’s no stop to the trade wars!

      When goods and services stop crossing borders, the danger grows, that boots and tanks will cross borders instead!

      1. “We already won this “fight” since the USA was a baby-nation! I doubt that the Chinese have EVER had a GNP per capita than the USA, in all that time!”

        Anyone care to attempt to translate that from lefty-stupid into English?

        1. Apprarently Squirrely has feelz that we must cave in to China as some sort of international welfare program to uplift the Chinese citizen.

          Yes, he really is that fucking stupid.

        2. Translation for duh-heads: USA rich. China poor. The rich using whatever tools they can lay their hands on, to keep the poor down and out, does not help peace in the long term. Look up Mahatma Ghandi’s “7 sins that lead to violence”.

          1. “…The rich using whatever tools they can lay their hands on, to keep the poor down and out, does not help peace in the long term. Look up Mahatma Ghandi’s “7 sins that lead to violence”.”

            Look up “Tin Foil Hat”, you fucking idiot.

            1. Are you losing your ability to argue with facts and citations? Are you becoming like Shitsy… Such an intellectual lightweight, you have to tie yourself down to keep yourself from floating away?

  18. I have little background in economics. Even in my own trade I have always avoided the business end of it, preferring to just do what I do and let the suites get their cut for what they do.

    Yesterday, so we had some dying trees that needed to come down. We have a nearby Amish community and got a reference to call these Amish guys. Was amazing to watch these young men working, climbing up, cutting, hauling, chipping, just awesome.

    There are certain companies around here that will charge about the same amount for one good size tree as I paid for six. It was a good amount and just paid what they asked with a little extra in cash. The Amish folks here are self insured through community policies. they all seem to work hard and expect nothing but fair trade. If you want something done right that is the way to go.

    So how is that different than any other trade I do? I am not Chinese nor Amish, this amazing thing I am typing on was likely assembled by people in China. My Dodge Charger I think was assembled in Canada from components made I do not know where.

    Capitalists understand that markets for goods, services, and labor need free movement without government interference. The stock market may be a canary in the coal mine. When one man can shift that with a few words on twitter I have a problem.

    1. Thanks, Echospinner, for a cool story! I know some Amish and Old Order Mennonites as well… Yes, they do work hard! Salts of the Earth!

      We’re all fallible, of course. I recall a story from some years ago… Amish or Mennonites (can’t recall who or where) selling hand-made quilts and-or throw rugs, I think it was quilts. Then came out the news that some of them had been bringing in said hand-made goodies from ??? Vietnam or China (and passing them on as made by them). Their sales dried up considerably in reaction to this.

    2. That’s awesome.
      The Amish have an excellent work ethic and very low unemployment.
      Their communities are self sustaining and have insurances for real estate and healthcare etc.
      Holmes County Ohio went from one of the bottom counties economically to one of the top because of the Amish population growth.

      1. A lot of that Holmes County growth is tourism. “Look at the cute Amish. Buy an overpriced afghan because it is hand-made.”

        The Amish are sharp business people (as much as one can generalize about a group) and very efficient for small farmers or tradesmen.

        1. Actually most of the growth came from the construction and furniture industry. Since there is a significant shortage if skilled laborers in the construction field the Amish stepped up to the plate.
          How do I know? Lets just say I know a LOT of them personally.

  19. I don’t think whatever india is doing in Kashmir is good at all though also check Gbwhatsapp

  20. You would think the Supreme Court could just roll it back. Congress can’t delegate taxing authority to the Executive branch anyway.

  21. So the only thing that you should know that http://www.travelblog.today is way more funnier than politics, yes.

  22. Unless the Constitution means nothing, Trump’s imposition of tariff-taxes is illegal. What’s needed is some good smugglers to nullify his idiotic trade-war tariff-taxes.

  23. If Trump was winning against China, or thought he was winning, he wouldn’t be lying about receiving calls from China about negotiations.

    Hang in there, world economy. America gets its mojo back in 18 months.

    1. Hahahahahahahahahahahahahahahahahaha.

      God you’re stupid.

      Hahahahahahahahahahahahahahahahahaha.

  24. Still don’t know how I got there.

    Ziggy Marley and harmonica great John Popper.

    No Woman No Cry.

    My music video nobody cares about.

    https://m.youtube.com/watch?v=9zk0HFG5mDw

  25. Start working at home with Google. It’s the most-financially rewarding I’ve ever done. On tuesday I got a gorgeous BMW after having earned $8699 this last month. I actually started five months/ago and practically straight away was bringin in at least $96, per-hour. visit this site right here…… USA Jobs For Home

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  27. What a little bitch

    “If only the fed wasn’t so unfair to me!”

    Fed would have already raised rates had he not put so much pressure on them; they held off the increase…so he bitches that IF ONLY they would have lowered them…no personal responsibility from this guy, everything is someone elses fault, the buck stops over there.

    Like his personal inheritance, he inherited the best unemployment, stock market, and economy a prez has ever gotten to step into, but it’s someone elses fault its not even better.

    Fed has juiced the economy already by keeping rates low, and tax cut (actual great job, trump) juiced it as well. About the only thing you have left is the previously promised:

    Middle class tax cut

    But I mean, he only promised it to get some votes before the 2018 primary and never mentioned it again. You want to juice the economy? Deliver on those tax cuts for the middle class before holidays. Blaming the fed at this point is pretty cowardly.

    1. Alternating the whimpering and the hollow bluster enables Trump to connect with the downscale, grievance-consumed clingers on all cylinders. Big talk, but nothing to show for it other than getting crushed by their betters.

  28. We are still enjoying the fruits of Obama’s economic policies/s. All good economic news is because of Obama; all bad news is due to Trump.

  29. I detect @Reason wanting Trump’s tariffs rolled back in that statement – else the word “over-turned” or “repealed” would be used.

    This is what happens when you are thinking one thing but telling others another . Lying ?

  30. We are at war with China bec they prey on us and threaten to devour us completely soon enough. Seems a smart thing that Trump ramped up the economy to help US win this war that we’ve been needing to win for a long time now. China has been on the end of evil for a long time. Businesses that chose to deal with them, that are now suffering from this war, have only themselves to blame for dealing with the devil in the first place. Trump not the problem. It’s all that came before him that’s the problem. Same for farmers. We’ve been dealing with the devil far too long. It’s time to get out. Suck it up . . .we’re at war!

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