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Old 06-30-2019, 07:44 AM  
Paul Markham
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
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Yes, absolutely agree with him. Tariffs are just the same as taxes.

BUT.


Look at it as penalising the buyers of those cheap goods that have put so many Americans out of work, on low wages, the loss taxes of losing manufacturing and of course the extra welfare costs.

And hope that this will stop America losing more of it's industries and business.

Quote:
https://en.wikipedia.org/wiki/Industry_of_China

Industry and construction account for about 48% of China's GDP. China ranks first worldwide in industrial output. Major industries include mining and ore processing; iron and steel; aluminium; coal; machinery; armaments; textiles and apparel; petroleum; cement; chemical; fertilisers; food processing; automobiles and other transportation equipment including rail cars and locomotives, ships, and aircraft; consumer products including footwear, toys, and electronics; telecommunications and information technology.

China has become a preferred destination for the relocation of global manufacturing facilities. Its strength as an export platform has contributed to incomes and employment in China. The state-owned sector still accounts for about 40% of GDP. In recent years, authorities have been giving greater attention to the management of state assets—both in the financial market as well as among state-owned-enterprises—and progress has been noteworthy.
Not that they will stop at just this. Banking and Finance is growing in China at an alarming rate. So when will they stop progressing to swallow up all of America's industries and businesses? Well leave it up to the Chinese and they won't. Replacing the American market with their own buyers.

And don't think they can't live without America. America got to be the #1 world power with mostly it's own production and market. Plus all they want is the elite to be happy, the poor can

On another note I'm surprised to see Crockett complain about paying more in taxes. He's happy to pay more to see more illegal immigrants in America.
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