Saturday, January 5, 2019

T-4 Policy (Trump's Terrible Trade Tariffs): Out of Control and Only Trump Loyalists Content

Who's happy, content, & brain dead: Trump Loyalists — 
No One Else

Straight shooting Trump, right? Duck!!! What Duck???


Now this update: GOPers and now Trump are angry (24/7) that Mr. Obama bailed out American car makers (that Geo. W. Bush initiated). 

GOPers keep blaming Obama for the 2007-2007 near total economic meltdown. That is false – policy at the very critical time was all under Bush, yet Obama still gets blamed. And, now this update on Trump’s farm bailout.

Trump gets a pass on his harsh trade/tariff policy impacting many Americans including farmers who export a lot of food ... yet offers a $12 billion bailout payment plan to offset the pain of his tariff policy. 

So, what word comes to mind to describe this disconnect.

Well, how about GOP: H Y P O C R I C Y

Details for this update can be seen here >>> 


General Background Statement: Tariffs are a tax imposed by a government on goods and services imported.

Tariffs increase the price of the goods imported and thus make them less desirable to buy, and less competitive vis-à-vis domestic produced goods and products.

Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. That in turn decreases pressure on domestic producers to lower their prices. 

So, in two ways consumers lose because prices are higher and they lose as domestic producers gain by the imposed tariff. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers. 

They are one of several tools available to shape trade policy. 

The U.S. Customs and Border Protection (CBP) is the Federal agency, part DHS that is charged with regulating and facilitating international trade, collecting customs (import duties or tariffs approved by Congress), and then to enforce trade regulations.

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Plus this historical snap of trade tariffs from a man who know economics, Nobel Prize winner Paul Krugman, in this fine article in the NY TIMES.

Other stories related to the impact of this “T-4 Policy: Trump’s Terrible Trade Tariffs”


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