Remember how Donald Trump pronounced China? “Gina.” It was funny. Remember how Donald Trump was going to finally get those good deals out of China that we couldn’t get because they were taking advantage of us and all of our children were going to become Chinese and Americans were all going to have to learn Chinese in school? Sure you do—that was the basic message. Since Trump his team of corrupt plutocrats went into trade talks with world leaders, experts have noted how incompetent the United States’ leadership has been. In fact, most analysts have seen Trump’s negotiations with China specifically, as a big win for … China. And after threatening trade tariffs against China for about 15 years, Donald Trump has come into power and put trade tariffs down! On our allies! U S A U S A U S A.
America's allies are stunned, stocks slid on Wall Street as trade-war fears returned, and economists are warning that Americans will soon face higher prices on a wide variety of products. A slew of Republican lawmakers immediately trashed the move as bad for the economy and foreign relations.
"Europe, Canada & Mexico aren't China. You don’t treat allies the same way you treat opponents. Blanket protectionism is a big part of why we had a Great Depression. 'Make America Great Again' shouldn’t mean 'Make America 1929 Again.' " tweeted Sen. Ben Sasse (R-Neb.), joining an opposition that included many Republican officials and business groups.
Most of what Trump says is a lie and then remaining stuff he says is just bullshit. He loves China. He loves the control the wealthy elite have over billions of people. Trump enjoys Chinese money, and his family has made sure to benefit from their positions in our government by getting all kinds of business deals, once thought impossible for them, through. But, we still have those tax cuts, amiright?
The tariffs could also be a blow to Trump's tax cuts. Middle-class households are saving about $900 this year on taxes, but the tariffs are likely to cause people to pay more for stuff at the store (or car dealership). If Americans end up paying $500 more for a car, that eats into the benefit of the tax cut significantly. Similarly, business executives might get nervous about what's going on with trade and start to pull back on investing in new factories and equipment.
U S A U S A U S A!