fbpx

The Next Recession Will Be The Last!

The Deep State Is Preparing Their CHECKMATE Move
You Must Be Ready To Go On The Attack!
DOWNLOAD THE ULTIMATE RESET GUIDE NOW!

Financial Crisis: The Trade War Cost AMERICANS $1.4 Billion PER MONTH Last Year

Mac Slavo
March 5th, 2019
SHTFplan.com
Comments (8) Read by 863 people

Tariffs are taxes, and like any regulation or tax, the increased cost will get passed onto the consumer.  Although this is common sense, many still don’t believe that the trade war had an impact on their financial situation.  However, just last year, Americans (not the Chinese) spent $1.4 billion per month on trade war taxes.

The Trump Administration’s trade policies and increased tariffs cost American consumers $1.4 billion a month last year. Not many media outlets were there to tell anyone the honest truth that it’s the American public that will pay the tariffs, not the Chinese government.

Financial Experts Warn: Americans WILL Pay The Cost Of A Trade War

Regardless of President Donald Trump’s declaration that he is winning the trade war, American farmers and consumers appear to be the casualties. Two separate papers published over the weekend found that the cost of Trump’s duties (tariffs, so theft) to the U.S. economy was in the billions and being borne largely by American consumers.  Chinese companies aren’t paying the tariffs.  They simply raise their prices and American consumers or businesses shoulder the burden, and it didn’t take businesses long to pass on the cost to the consumer. The papers also declared that some of the world’s leading trade economists have said Trump’s tariffs would be the most consequential trade experiment seen since the 1930 Smoot-Hawley tariffs blamed for worsening the Great Depression.

“This is kind of the worst-case scenario in terms of consumers,’’ David Weinstein, who analyzed the data, said in an interview. “It’s pretty unclear that this trade war is a net win for the economy at this point.’’ According to Time, in a separate paper published on Sunday four economists including Pinelopi Goldberg, the World Bank’s chief economist and a former editor-in-chief of the prestigious American Economic Review, put the annual losses from the higher cost of imports alone for the U.S. economy at $68.8 billion, or almost 0.4 percent of gross domestic product.

Goldberg’s study also found that consumers and U.S. companies were paying most of the costs of the tariffs. Additionally, after factoring in the retaliation by other countries, the main victims of Trump’s trade wars had been farmers and blue-collar workers in areas that supported Trump in the 2016 election.

After accounting for the impact of higher tax (theft) revenue and the higher prices set by domestic producers, the study found the aggregate annual loss for the U.S. economy fell to $6.4 billion, or 0.03 percent of GDP. So increasing taxes doesn’t boost the economy? Who knew, other than everyone with two brain cells to rub together.

President Trump is Breaking Down the Neck of the Federal Reserve!

He wants zero rates and QE4!

You must prepare for the financial reset

We are running out of time

Download the Ultimate Reset Guide Now!

The Finger is on the Nuke Button | Future Money Trends

Author: Mac Slavo
Views: Read by 863 people
Date: March 5th, 2019
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

CBD Oils, Isolates, Supplements And Information

8 Comments...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. ANGRY FROG says:

    I wonder when the REAL WAR is going to happen ?

  2. Old Guy says:

    those free trade agreements might have allowed the public to buy cheep imported stuff. However they did tremendious damage to the Middle Class and the USA manufacturing industry. Those agreements Redistributed the middle class blue collar jobs and wealth to other places outside of the USA. So far I cant tell that Trumps Tariffs have cost me one penny. I simply don’t buy any new imported junk. Its crappy and don’t last. Certainly there are some negatives to Tariffs but the positives are greater. Those free trade agreements where a greater negative completely lopsided. Big Agribuisness is crying because Trump isn’t wanting to give them more welfare in the form of Subsudy Payments. Bullshit article.

  3. Nayacat says:

    First off, there have always been tariffs on almost all trade. Including China imports. Tariffs are tracked by the World Bank and is a searchable database by product and / or country…so if you wan to see what the tariff was for clothing from China in 1987, just look it up.
    Tariffs do not work. If you want to fix the trade imbalance, then first add up ALL trade for that country, then simply reduce how much is imported. Stop allowing companies to import.
    Not sure how loud the big companies would howl since they are all about profits and could care less about American workers. I’m not saying trade isn’t an issue…just that tariffs do not and have not worked. AND anyone that thinks there is “free trade”…they are wrong as it is easy to prove there have always been tariffs, from every single country, on every single product (with a few limited exceptions on some products).
    Tax US companies instead of giving them a tax break on money earned overseas and jobs will come flooding back. The reason big companies keep jobs overseas is because all profit is tax free as long as the money stays overseas. That is the reason Trump allowed the one time deal to bring money back, which many companies did. Instead of investing in jobs here they used it to buy their stock back. Put in rules to stop big companies from screwing over everyone…problem solved.

  4. Something grown in China such as garlic should not be allowed to advertise as coming from California, which is happening. China ships garlic to California then it is distributed across America as coming from California. This deceptive advertising costs American farmers and trucks Americans into buying a foreign product over one grown at home.

    .

  5. Bert says:

    The cost of goods ain’t hurting Americans, even “the poorest of the poor” is morbidly obese. What is the average American adult waist size today? 44″.. 48″.. ???

    I always question Mac’s motivation for releasing each story here. Some sort of sick brainwashing of the lowIQ economic-hypochondriac.

    If Mac’s purpose of releasing this story was to piss off Americans and NWOTrumpets into demanding the end of a trade war…… the fat obese “Americans” couldn’t care less, as long as the credit and garbage food is easily available.