Trump's Protectionism Backfiring

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WilyB
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Re: Trump's Protectionism Backfiring

Post by WilyB » Tue Sep 04, 2018 2:51 am

Soft Arrogance wrote:
Wed Jun 20, 2018 4:35 am
The mind is like an iceberg, it floats with one-seventh of its bulk above water.
Hi, you (and the other Clinton-globalista) might want to double check your sources about Icebergs and President Donald J. Trump.
Lots of guys watch Bruce Lee movies, doesn’t mean you can do karate.

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Slappy
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Re: Trump's Protectionism Backfiring

Post by Slappy » Tue Sep 04, 2018 5:09 pm

jeanV wrote:
Tue Sep 04, 2018 1:41 am
How Special Interests Hide the True Costs of Tariffs

for the projected impact of the steel tariffs, numbers produced by the Commerce Department show that they may increase employment in the metals industry by 14,000 jobs. But the report also says that a significantly larger number of jobs will be destroyed, as a result of these tariffs, in industries downstream from metal production.

One of the dozens of such industries is construction, where 16,000 jobs alone are projected to disappear. This explains why over 20,000 heartbreaking requests for exemption from the steel tariffs have already been filed by American firms, all begging their own government to stop hurting them.

Under the current system, if Commerce Secretary Wilbur Ross decides to protect his friends and business interests in the steel industry, he can ignore the damage that his own data show the tariffs will inflict on some of the 6.5 million workers in America’s steel-consuming industries. His sole lawful obligation is to demonstrate that the economic fortunes of the 140,000 steel employees will be promoted by the tariffs.
a times opinion piece :lol: ok then

20,000 heartbeaking requests

uh huh

nazis gotta throw a feel in there :lol:

that numbers questionable ....its the times

and errr unemployment numbers will bear it out sooner or later NOW WONT THEY

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PistolPierre
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Re: Trump's Protectionism Backfiring

Post by PistolPierre » Tue Sep 04, 2018 5:17 pm

The NYT allows Bret Stephens to opine that illegal immigrants make better citizens than the natives. He has said this at least twice.

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Slappy
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Re: Trump's Protectionism Backfiring

Post by Slappy » Tue Sep 04, 2018 5:25 pm

PistolPierre wrote:
Tue Sep 04, 2018 5:17 pm
The NYT allows Bret Stephens to opine that illegal immigrants make better citizens than the natives. He has said this at least twice.
when they're sneaking into 11 year old girls rooms and raping them ?
did ya see that shit

you should save yer tip money and head to big sky ....where the white men roam free in pickup trucks. as a native Chicagoan youre already used to an extra brutal winter


get out of the city

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PistolPierre
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Re: Trump's Protectionism Backfiring

Post by PistolPierre » Tue Sep 04, 2018 5:46 pm

I like Chicago despite everything.

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Slappy
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Re: Trump's Protectionism Backfiring

Post by Slappy » Tue Sep 04, 2018 5:58 pm

i totally get it

youre young to still

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jeanV
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Re: Trump's Protectionism Backfiring

Post by jeanV » Tue Sep 04, 2018 7:34 pm

Slappy wrote:
Tue Sep 04, 2018 5:09 pm
a times opinion piece :lol: ok then
Ms. de Rugy is a senior research fellow at the Mercatus Center at George Mason University.


She's actually a close relative of someone I worked with for three months.

Show some respect, please.

:P :lol:
Benedict Arnold Trump is a conceited idiot: Lock him up!!

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Slappy
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Re: Trump's Protectionism Backfiring

Post by Slappy » Tue Sep 04, 2018 8:38 pm

Image


Meanwhile 10 million Chinese are set to lose their jobs

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jeanV
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Re: Trump's Protectionism Backfiring

Post by jeanV » Tue Sep 04, 2018 11:49 pm

Slappy wrote:
Tue Sep 04, 2018 8:38 pm
Image
Guess what?

We agree.

:twisted:

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Benedict Arnold Trump is a conceited idiot: Lock him up!!

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Re: Trump's Protectionism Backfiring

Post by Mikgof » Wed Sep 05, 2018 7:43 am

Slappy wrote:
Tue Sep 04, 2018 5:09 pm
jeanV wrote:
Tue Sep 04, 2018 1:41 am
How Special Interests Hide the True Costs of Tariffs

for the projected impact of the steel tariffs, numbers produced by the Commerce Department show that they may increase employment in the metals industry by 14,000 jobs. But the report also says that a significantly larger number of jobs will be destroyed, as a result of these tariffs, in industries downstream from metal production.

One of the dozens of such industries is construction, where 16,000 jobs alone are projected to disappear. This explains why over 20,000 heartbreaking requests for exemption from the steel tariffs have already been filed by American firms, all begging their own government to stop hurting them.

Under the current system, if Commerce Secretary Wilbur Ross decides to protect his friends and business interests in the steel industry, he can ignore the damage that his own data show the tariffs will inflict on some of the 6.5 million workers in America’s steel-consuming industries. His sole lawful obligation is to demonstrate that the economic fortunes of the 140,000 steel employees will be promoted by the tariffs.
This is why want Trump to continue in power for the foreseeable future. The full 8 years or more.
Surrealism is the new normal

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Slappy
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Re: Trump's Protectionism Backfiring

Post by Slappy » Fri Sep 07, 2018 11:37 am

6 Sep 20183488
Jobless claims fell last week even further to a new post-1969 record of 203,000.
This is the lowest level for initial claims for state unemployment benefits since December 6, 1969 when it was 202,000.

The 4-week moving average, considered a better gauge of the labor market because it smooths out week-to-week volatility, fell to 209,500 from 212,250. This is the lowest level for this average since December 6, 1969 when it was 204,500.



Jobless claims have been closely watched in recent weeks for signs that trade disputes might weigh on the jobs market. To the surprise of many economists and critics of the Trump administration, jobless claims show no signs of stress from tariffs that U.S. has put in place or retaliation from foreign countries.

nothin yet :lol:

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Slappy
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Re: Trump's Protectionism Backfiring

Post by Slappy » Fri Sep 07, 2018 12:00 pm

6 Sep 2018
U.S. worker productivity increased at the best quarterly pace in more than three years in the quarter after the Trump administration’s tariffs on steel and aluminum kicked-in, date from the Labor Department showed Thursday

The productivity of nonfarm workers rose at an annualized and seasonally adjusted rate of 2.9% in the second quarter of 2018, the Department of Labor said Thursday. Productivity measures the output of goods and services for each hour worked.

That is the best quarterly growth rate since the first three months of 2015.



The good news on productivity is all the more notable because the hours worked was revised up from an initial reading released last month. That would have been a drag on productivity if output were not also revised up. The combination suggests an economy that is still gaining strength.

Productivity lagged in the first quarter, increasing just 1.3 percent. The reversal of the sluggishness coincided with the implementation of the Trump administration’s tariffs on steel and aluminum in late March.

The manufacturing sector’s productivity was revised up to an increase of 1.5 percent from a previously reported increase of 0.9 percent. Output increased 3.0 percent and hours worked grew 1.5 percent. That represents a dramatic turnaround from the start of the year, when manufacturing productivity fell 1.2 percent, as hours worked rose by 2.9 pecent but output increased just 1.7 percent.



Durable goods manufacturing, which is particularly exposed to tariffs, rose 1.1 percent, as output rose 2.9 percent and hours worked rose 1.8 percent. In the prior quarter, this fell 0.8 percent, as hours worked grew by more than output.

The revival of productivity growth, particularly in manufacturing, defies predictions of economists who said that rising tariffs would hurt U.S. productivity by shifting resources into less productive U.S. businesses protected by trade barriers.

On a year-over-year basis, productivity advanced 1.3% percent, reflecting a 3.6 percent increase in output and a 2.3-percent increase in hours worked. That too indicates economic acceleration.

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Slappy
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Re: Trump's Protectionism Backfiring

Post by Slappy » Sat Sep 08, 2018 1:01 am

here comes 200 billion in tariffs ...trump said hes willing to take it to 500

the walmart shoppers are not gonna like those :lol:
the experts who jean will site relentlessly are calling for 11 million US JOBS lost

i got 7500k its 10 million MONKEY mother fuckin chinks hitting the bricks

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Trumps Protectionism Backfiring

Post by Lounny » Thu Feb 07, 2019 7:58 pm

A mates sports bike started backfiring and cutting out intermittently chased it for weeks . One morning battery was flat put new battery in problem was solved
just a thought

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Ami Bidasse
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Re: Trump's Protectionism Backfiring

Post by Ami Bidasse » Thu Feb 07, 2019 10:30 pm

No problem of battery for Donald directly in the toilet bowl ! :D

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Note: Tomorrow he will be joined by Macrocon ! :)
Win the “yes” needs the “no” to win against the “no” !

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Re: Trump's Protectionism Backfiring

Post by Slappy » Fri Feb 08, 2019 5:51 am

US trade deficit with China narrows, as effects of trade war-induced export front-loading begin to fade
The United States’ trade deficit with China fell US$2.8 billion to US$35.4 billion in November, led by a decline in US imports of consumer goods
The data will be well-received by US President Trump, who has railed against the US’ perceived lopsided trading relationship with China.
PUBLISHED : Thursday, 07 February, 2019, 8:00pm

7 Feb 2019
The United States’ trade deficit with China narrowed in November, led by a decline in imports of consumer goods such as cars and mobile phones.

The latest data from the US Department of Commerce, which had been delayed by the long-running government shutdown, will be well-received by US President Donald Trump, who has railed against the perceived lopsided US trading relationship with China.

For decades, China has sold a far greater volume of goods to the US than it bought, leading Trump to declare on the presidential campaign trail in 2016: “We can't continue to allow China to rape our country, and that's what they're doing.”

The bilateral deficit – which measures the gap between a country’s exports and imports – fell US$2.8 billion to US$35.4 billion in November, a monthly fall of 7.3 per cent.

The narrowing is part of an overall slump in bilateral trade between the world’s two largest economies, with the US buying and selling less to China in November, although the decline in imports was much greater.


The figures still show that when compared with a year earlier, the US trade deficit with China actually widened by 7.1 per cent despite the fact that half of US imports from China are now subject to substantial tariffs.

It shows that the effects of front-loading of export orders, where companies issued purchase orders earlier in order to avoid paying trade war tariffs, are beginning to fade, analysts said.

Trump: China trade deal needs structural change to end theft of US jobs

“The deficit fell more than expected, consistent with some of the earlier rise being due to accelerated imports ahead of threatened tariffs,” said Jim O'Sullivan of High Frequency Economics.

Trump has been waging an all-out tariff war with China since July last year in a bid to force Beijing to make sweeping economic changes that would benefit American firms, such as an end to forced technology transfer and the elimination of intellectual property theft.


Currently, US$250 billion of Chinese exports to the United States are subject to tariffs of either 10 per cent or 25 per cent.

The proportion of goods on the higher tariff range will increase on March 2, should US and Chinese negotiators not reach a deal to end the trade war.

How much do you know about the US-China trade war?

Analysts said that the impact of tariffs are starting to become clear in the data, and that US imports of Chinese goods will continue to drop over the course of 2019.

“We find strong evidence that the 25 per cent tariff on US$50 billion of imports from China [imposed in July and August last year] is having a significant negative impact on prices and volumes,” the Institute of International Finance said in an analysis of the tariffs’ impact.

in the LAND of over capacity their ain't an inch wiggle room

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Mikgof
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Re: Trump's Protectionism Backfiring

Post by Mikgof » Thu Mar 21, 2019 6:06 pm

Everyone, please post on a legitimate post. Keep the spammers off our site.
Surrealism is the new normal

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John Frum
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Re: Trump's Protectionism Backfiring

Post by John Frum » Fri Aug 16, 2019 7:09 pm

spammo wham





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we could've had a city on the moon for the resources wasted on undermen

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