Trump orders 100 billion additional tarrifs on China

[True Federalist (진정한 연방 주의자)]

McConnell has the power to stop this.

Not really.  He and Ryan would need veto-proof majorities to stop Trump.

[True Federalist (진정한 연방 주의자)]

I suspect he's bluffing. Trump thank heavens at the end of the day does not have the balls to do the most insane things that come out of his mouth, that he has the power to do on his own (he backed way off from the steel tariff thing, that is now down to bashing just China mostly at the moment). Just why POTUS has the unilateral power to levy tariffs is a bit disturbing in and of itself.

He has it because it both gives the President the power to quickly respond to other nations and until now the President was more responsible than Congress.

[BudgieForce]

McConnell has the power to stop this.

Not really.  He and Ryan would need veto-proof majorities to stop Trump.

Im sure they could get enough democrats on board. I doubt Schumer or Pelosi would miss a chance to stick it to Trump. 

[America Needs a 13-6 Progressive SCOTUS]

McConnell has the power to stop this.

Not really.  He and Ryan would need veto-proof majorities to stop Trump.

I think this is something that both Parties can agree on.

[BudgieForce]

I do think this is all rhetoric and neither side will actually implement these tariffs, however it's still frightening to watch unfold just the same.

[ProudModerate2]

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[💥💥 brandon bro (he/him/his)]

Liberals  hate tariffs because they’re economically bad but love higher taxes and more regulation. Major hypocrisy.

Conservatism is consistent even if the party is not.

Maybe because higher taxes (increased revenue) and regulation serve an economic and social purpose other than trying to pander to the labor force of three states?

[Absentee Voting Ghost of Ruin]

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Someone remind me, please, of exactly what Sasse has ever done to actually stop, or even slow down, anything that Trump has done? I can't seem to remember anything he's ever done other than complain.

[Meclazine for Israel]

Something needs to change with trade with China.

Americans will be so poor soon their babies will be "Made in China".

[Sir Mohamed]

That's a war Trump can't win and may cause a world-wide recession. But he's not rational and smart enough to recognize this. For him, there is a simple black and white reality: Any country we have trade deficit with, is evil and ripping us off big league.

[Gustaf]

Liberals  hate tariffs because they’re economically bad but love higher taxes and more regulation. Major hypocrisy.

Conservatism is consistent even if the party is not.

Tariffs are basically universally bad. Taxes and regulations are not. If you actually knew anything about economics you would know that since it's pretty 101 stuff but I guess reading books and understanding research is only for Liberals these days.

[Storebought]

I'm actually curious as to how this plays out.

The US imports $5 worth of goods from China for every $1 dollar we export. Already, the Chinese have run out of US goods to levy tariffs on even before Trump's latest fart. If they then move on putting tariffs on services, where the US runs a small  (~$50 billion) surplus, then it will represent a major escalation on China's part. And if they really do decide to go nuclear by selling off their T-bills, then they will cause their own currency to skyrocket and put their own companies out of business (or at least make them that much more expensive to subsidize by the central government).

[Beezer]

Who knows. Once thing is for certain though: China will be an economic powerhouse long after Trump is gone. They can just wait this out for a couple of years and inflict some pain here and there knowing full well that if they did decide to go nuclear, a major recession would virtually guarantee a Trump exit in 2020. Trump thinks this is like one of his property deals were he can bully an opponent into submission, failing to understand that international relations and economics don't work like that.

[Torie]

I'm actually curious as to how this plays out.

The US imports $5 worth of goods from China for every $1 dollar we export. Already, the Chinese have run out of US goods to levy tariffs on even before Trump's latest fart. If they then move on putting tariffs on services, where the US runs a small  (~$50 billion) surplus, then it will represent a major escalation on China's part. And if they really do decide to go nuclear by selling off their T-bills, then they will cause their own currency to skyrocket and put their own companies out of business (or at least make them that much more expensive to subsidize by the central government).

The trade deficit in reality is much lower than the figures being bandied about. Trump's 500 billion dollar figure is totally bogus. If one ignores the value added issues discussed in the link, that is the total trade deficit for the US, not just China.