Wednesday, May 18, 2016

Experts;"Trump's 45% Tariff Plan For China Can't Work"; Obama Admin Puts 522% Tariff On China Today

Part of Donald Trump's plan to renew, restore and recover America "make America great again' involves stopping unfair trade practices by China. This would help restore international fair trade competition through making an example of "dumping" practices, particularly by China.

All those countries that are throwing up their hands in despair at the thought of a President Trump would sing a different tune if their own manufacturers were allowed to be competitive and their home industries could regenerate with the concomitant result of more employment and renewed communities.

Trump's plan, which is simply common sense and long-time practice was attacked, not only by the Democratic party but, oddly by the organs of the business community. I have included links to just some of the media articles which decry Trump's plan. "Trade wars would result" "A tariff is a tax on US consumers"advised Cruz/Rubio/Bush (to which Trump, rightly, countered that China is in no position to initiate a trade war with America.)

And...."The other thing about this plan is it’s not exactly legal. You could expect China to challenge it in the WTO and possibly win, but it would certainly retaliate by closing its markets to US firms through higher tariffs of its own or outright bans. "

You get the picture. Well here's what the Obama administration just did-not Trump's 45% "which will start a trade war" but; (LINK)

"US raises China steel taxes by 522%

China's steel industry is being accused of selling their products in other countries at unfair prices

The US raised its import duties on Chinese steelmakers by more than five-fold after accusing them of selling their products below market prices.
The taxes specifically apply to Chinese-made cold-rolled flat steel, which is used in car manufacturing, shipping containers and construction.
The US Commerce Department ruling comes amid heightened trade tensions between the two sides over several products, including chicken parts.
Steel is an especially sensitive issue.
US and European steel producers claim China is distorting the global market and undercutting them by dumping its excess supply abroad.
A separate filing by major US steelmakers to the International Trade Commission is looking to completely ban all Chinese steel imports.
The US steel industry claims that around 12,000 workers have been laid off in the past year because of unfair Chinese competition."

But these "experts" said it couldn't be done because if "trade war" or something

Trump's tariff plan could boomerang, spark trade wars with China ...

Mar 24, 2016 - Donald Trump's threats to slap steep tariffs on Chinese and Mexican ... "Imposing tariffs or putting up trade barriers may sound good, but it will ...

Donald Trump confronted over China tariff plan - Business Insider

Jan 14, 2016 - You can't deal with China without tariff. ... us dry," Fox Business anchor Neil Cavuto said, "If you put a tariff on a good, it's Americans who pay it.

Jan 7, 2016 - Real-estate mogul Donald Trump told The New York Times that he would support the US' putting a massive 45% tariff on Chinese exports to ...

Trump is caught lying about his China tariff proposal—and it would ...

Jan 15, 2016 - Like the changing of the tides, it was inevitable that Donald Trump ... Asked if about his plan to raise a tariff on imported Chinese goods to 45%, ...
Mar 24, 2016 - Republican front-runner's proposal for 45% tariff on Chinese goods could .... among others, say they can't compete with Chinese goods sold in the U.S. at ... Trade relations should be “put in the right perspective and handled ...

Everything Trump Says About Trade With China Is Wrong

Jan 20, 2016 - Donald Trump's China trade plan would make American families pay a lot more ... the president can't just slap a tariff on Chinese goods, regardless of ..... Trumpclosed his casino's putting 5,000 hard working Americans out of ...

Economists savage Trump's economic agenda  LINK

Raising tariffs and deporting millions of people will drive up prices and cause recession, experts assert.