Protectionism has always been a disaster. It never ends well. The Great Depression was largely fueled by protectionism.
TRUMP BUMP: The President’s Approval POPS TO 50% as Economy Soars
- Thread starter Catholic Crusader
- Start date
Donny John's understanding of history is a bit lacking.
He made ignorant promises during the campaign in order to fuel up his base.
But wait, I think he tweeted this morning that trade wars are good. Yeah, that's it, he must have some secret Wharton School of Business economic information that the rest of us are missing.
I see that our stock market took a dive after Trump's tariff bungle.
The only low life scum in the media that I use to form my opinion of Mr. Trump and Mr. Trumps own tweats.
Combine simplistic political promises with complex international economics and all you get are unintended consequences.
President Donald Trump imposed tariffs Tuesday on foreign-made washing machines and solar panels, raising prices on those goods by 30 percent, helping two foreign-owned companies and taking away jobs from thousands of Americans.
The president fired the first salvo in his long-promised global trade war, but as in any battle, the costs will likely outweigh the benefits.
Trump's order imposed a 20 percent tariff on the first 1.2 million residential washing machines imported annually, and a 50 percent tariff on any imported after that. More distressing, he levied a 50 percent tariff on washer parts.
Whirlpool, which filed the complaint with the International Trade Commission, said it would hire 200 workers to boost domestic manufacturing. The move, though, will likely cost more American jobs.
Before the tariffs, Samsung Electronics Co. had hired more than 600 workers at a South Carolina washer factory and planned to hire more. LG Electronics is building a washer factory in Tennessee and planned to hire hundreds more.
Both of those companies must now pay a 50 percent tariff on parts for their factories, and of course pass those higher costs on to consumers. Higher costs will mean lower sales and therefore fewer employees, which is why South Carolina's Gov. Henry McMaster and other Republican leaders vehemently opposed the tariffs.
The tariffs will also allow domestic manufacturers to raise prices to match higher prices for imported washers, costing American consumers more in the months ahead than they would have paid last year.
ClearView Energy Partners, a clean tech consulting firm, said the tariffs could increase residential rooftop system costs by 4 percent and utility-scale systems by 10 percent. That price hike will likely delay or cancel 10 percent to 15 percent of new U.S. solar installations over the next five years, Wood Mackenzie researched M.J. Shiao told the Reuters News Agency.
That slowdown in solar energy development will cost 23,000 American jobs, according to the Solar Energy Industries Association. Suniva and SolarWorld employ only a few hundred people each.
https://www.houstonchronicle.com/bu...-hard-line-on-trade-more-to-come-12518418.php
President Donald Trump imposed tariffs Tuesday on foreign-made washing machines and solar panels, raising prices on those goods by 30 percent, helping two foreign-owned companies and taking away jobs from thousands of Americans.
The president fired the first salvo in his long-promised global trade war, but as in any battle, the costs will likely outweigh the benefits.
Trump's order imposed a 20 percent tariff on the first 1.2 million residential washing machines imported annually, and a 50 percent tariff on any imported after that. More distressing, he levied a 50 percent tariff on washer parts.
Whirlpool, which filed the complaint with the International Trade Commission, said it would hire 200 workers to boost domestic manufacturing. The move, though, will likely cost more American jobs.
Before the tariffs, Samsung Electronics Co. had hired more than 600 workers at a South Carolina washer factory and planned to hire more. LG Electronics is building a washer factory in Tennessee and planned to hire hundreds more.
Both of those companies must now pay a 50 percent tariff on parts for their factories, and of course pass those higher costs on to consumers. Higher costs will mean lower sales and therefore fewer employees, which is why South Carolina's Gov. Henry McMaster and other Republican leaders vehemently opposed the tariffs.
The tariffs will also allow domestic manufacturers to raise prices to match higher prices for imported washers, costing American consumers more in the months ahead than they would have paid last year.
ClearView Energy Partners, a clean tech consulting firm, said the tariffs could increase residential rooftop system costs by 4 percent and utility-scale systems by 10 percent. That price hike will likely delay or cancel 10 percent to 15 percent of new U.S. solar installations over the next five years, Wood Mackenzie researched M.J. Shiao told the Reuters News Agency.
That slowdown in solar energy development will cost 23,000 American jobs, according to the Solar Energy Industries Association. Suniva and SolarWorld employ only a few hundred people each.
https://www.houstonchronicle.com/bu...-hard-line-on-trade-more-to-come-12518418.php
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Trump Bump
Given the chaos in the White House and the number of self-inflicted wounds that Donald J has created, we should be all familiarizing ourselves with the 25th Amendment!
Would anyone be surprised if there weren't those within the Trump Administration and Congress already secretly discussing as to whether we've reached a critical point where its time to "pull the plug" on this President, and impose the 25th Amendment - for the good of the nation?
The only saving grace for this President has been the economy - if his actions this week trigger an international "trade war" with his less-educated "deplorables"finding themselves unemployed, Donald J will be forced to vacate the Oval Office seeking political asylum in the Russian Embassy, if they'll take him!
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President Trump’s decision Thursday to impose crippling tariffs on the imports of steel and aluminum took many by surprise — particularly investors, as the Dow Jones Industrial Average closed the day’s trading down more than 400 points, or 1.7 percent, at 24,608.
But one billionaire investor and former Trump adviser, Carl Icahn, was seemingly unvexed, having dumped a million shares tied to the steel industry a week before the president announced 25 percent tariffs for foreign-made steel.
A Feb. 22 SEC filing shows Icahn sold off his $31.3 million stake in the Manitowoc Company, which is a leading global manufacturer of cranes for heavy construction based in Manitowoc, Wis., according to the company’s website. Since Trump’s announcement Thursday, Manitowoc’s stock has plummeted to about $26. Icahn — who has had majority interest in several companies including Motorola, Xerox, Family Dollar and Pep Boys — had sold his shares for about $32 to $34 each, according to the SEC disclosure.
https://www.washingtonpost.com/news...-steel-related-stocks/?utm_term=.72f56a475f89
Probably just a coincidence.
But one billionaire investor and former Trump adviser, Carl Icahn, was seemingly unvexed, having dumped a million shares tied to the steel industry a week before the president announced 25 percent tariffs for foreign-made steel.
A Feb. 22 SEC filing shows Icahn sold off his $31.3 million stake in the Manitowoc Company, which is a leading global manufacturer of cranes for heavy construction based in Manitowoc, Wis., according to the company’s website. Since Trump’s announcement Thursday, Manitowoc’s stock has plummeted to about $26. Icahn — who has had majority interest in several companies including Motorola, Xerox, Family Dollar and Pep Boys — had sold his shares for about $32 to $34 each, according to the SEC disclosure.
https://www.washingtonpost.com/news...-steel-related-stocks/?utm_term=.72f56a475f89
Probably just a coincidence.
Real Clear Politics average of polls for Trump has him down again...
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html
He got a bump from his relatively sane State of the Nation speech, but he's gone back to being Trump, with the expected results.
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html
He got a bump from his relatively sane State of the Nation speech, but he's gone back to being Trump, with the expected results.
cold hottie
New member
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Donald Trump works at improving His His and others weak points and making America The Best It Can become
Donald Trump works at improving His His and others weak points and making America The Best It Can become
glorydaz
Well-known member
You'll need to keep your type smaller.
Trump's latest average of polls from RCP is 40.5 approval, 55.7 disapproval, a considerable fall in approval from last week.
Obama Gets Left Hanging In Russia https://www.topbuzz.com/article/i65...d=6529731127941286154&gid=6517503460051517962
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RCP average of polls has Trump down to 40.2, on most recent polls showing continuing drop in approval. Interestingly, the drop was caused by a Rassmussen poll, showing a 4 point drop from their previous poll.
Two months later, its about the same, even after Stormy Danial, Lying Comey, and the rest. Thank God Americans see through the Fake News:
>> http://www.rasmussenreports.com/public_content/politics/trump_administration/prez_track_apr20
Real Clear Politics average of polls has Trump disapproval at 54.1 and approval at 41.8.
Rasmussen has him at 50% disapproval and 49% approval.
But then Rasmussen had Romney winning by a landslide. Rasmussen is the only poll that doesn't have Trump under water by double digits, and they are doing what they can to stop the bleeding.
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html
Rasmussen has him at 50% disapproval and 49% approval.
But then Rasmussen had Romney winning by a landslide. Rasmussen is the only poll that doesn't have Trump under water by double digits, and they are doing what they can to stop the bleeding.
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html
Barbara Arian still spreading the hate. How sad.
You still don't have a clue what real Americans think. You probably never will
You still don't have a clue what real Americans think. You probably never will
Did you misspell "Aryan" this time, or are you trying something new?
(Barbarian shows the data on Trump's disapproval rate)
I don't think all those Americans hate him. They just think he's in over his head, and can't do anything right. You still don't have a clue what real Americans think.
Why not face the reality and try to make an accommodation to it?
I'll bet your blood pressure goes up quite a bit, when the President's approval rating goes up. Right, Barb?
I only wish you could go back to being what you'll NEVER be. Try and figure that out, while I give you another Neg-rep.
Ahhhh! Noooooo! Negative rep! Not that! Have you not notice that I collect negative rep? It's how I know I'm getting through to guys like you.
Meantime, this morning, Trump's poll average is still about a point down from last week.