I want to express my opinion regarding his call for 25% tariffs on goods from China.
First of all, the news media as well as those associated with all the different forms of media that proclaim to be “experts” should bow out of the conversations all together.
In the second place, does anyone believe that our representatives in both houses of government would vote or support instantly raising the cost of living for the American Public by 25%? We may not give them much credit these days or for that matter for years of being able to act like responsible law makers. But this just isn’t going to happen.
The president has ulterior motives for suggesting such action in order to get something else accomplished. Whether it’s South America, Europe, or Asia, everyone should just back off from any speculation. Our government is notorious for throwing up smoke screens or outright lying in order to manipulate the US people and foreign governments.
I fully expect this subject to fall to the wayside. I’m involved in the importing goods from China and when I’ve reviewed the bills from the freight companies and see generally see 5% or less duty charges. I have thought to myself we should charge more. However, when you take the whole process into account, the imported goods sold in US stores are subject to Sales Taxes, Income tax, social security tax and pay our salaries. The earned incomes are spent paying for homes, education, cars, entertainment, and food. So indirectly the US government gets it money.
The big picture says there is no reason to raise import duties. What is the purpose? There isn’t one that makes any sense; is there?
So the president can boast he will decrease the trade deficit by $150 billion. Be careful of numbers… so in-turn he will increase the cost of living for all Americans and cripple the farmers that export to one of the largest population in the world.
Would the president be willing to face the anger of the American public? I really don’t think so.
Have a Nice Day J