Reply to China Retaliates Against the U.S. With Its Own Higher Tariffs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]“In the first two volleys of U.S. tariffs on China, which covered $50 billion worth of imports, only $1 billion were products where China had a dominant market position, according to a calculation by Deutsche Bank AG. In the latest round, which took effect on Sept. 24, American consumers are more vulnerable to price increases: Almost half of the $200 billion worth of products subject to the 10 percent duties come mainly from China. Things will get even worse for consumers if Trump makes good on his threat to place tariffs on the rest of Chinese imports, because for about 80 percent of the products, China is the majority supplier.”

https://www.bloomberg.com/news/articles/2018-09-28/who-pays-for-trump-s-tariffs[/quote]

Well yeah, any 18 year old student who has taken an Intro economics class could have told you that won't end well for the US.[/quote]

And yet, the GOP, the so-called party of free markets and fiscal conservatism, stands by with hands in their pockets whistling in an aw-shucks manner.[/quote]

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