Thanks to taxes imposed on the United States’ and Chinese goods by governments insisting upon igniting a trade war, U.S. companies shelled out a record amount of money in October. This is actually highly disturbing news, as the stock market continues to fall and the interest rates continue to climb higher.
The trade war cost American companies $6.2 billion just in the month of October and the taxes imposed have done literally nothing to even out the trade imbalance president Donald Trump complained about when he began the “war on goods.” The U.S. trade deficit has hit its highest levels in a decade, while American businesses are stuck paying the bill or passing the cost of the tax onto the consumer.
According to the San Francisco Gate, tariff collections were 104% higher than they were in October of 2017; last year. Taxation is the reason Paris is on fire right now. Humans across the globe are getting tired of their hard earned money being stolen and squandered for political posturing and agenda pushing. This could be a sign that things are about to get just as ugly as they are in Paris. But it could also mean that liberty and freedom could soon become the default state again, rather than enslavement to government.
With a rapidly weakening economy, a stock market plunge, higher taxes, and higher interest rates all hitting Americans at once, will they finally say “enough is enough?”
The Epic Economist put out a video out detailing how all of this came to pass. It’s easy enough to understand, yet most still can’t get past their own preconceived notions and biases to comprehend that this will be the fault of governments and those who continue to look to rulers or masters to solve their problems.
“It is all about taking money from us and transferring it into government pockets. And then, taking money from government pockets, and transferring it into the hands of the elite. It’s a game that’s been going on for generations and its time for the humanity to say that ‘enough is enough’.” -Epic Economist
The cost of the trade war is already causing layoffs, price increases, and food waste. With the stock market plunging all at the same time, the U.S. is in a deep hole of their own making. According to data compiled by Tariffs Hurt the Heartland, a pro-free-trade group, and the research firm The Trade Partnership, since the steel and aluminum tariffs kicked off in May, U.S. firms have been forced to pay $3.1 billion in theft money just to import the metals.
Trump is also delighting with glee as he steals this money from U.S. businesses and causes layoffs nationwide as the economy struggles to maintain the inflated “everything” bubble.
Are the US companies paying those taxes or are the consumers in the countries imposing them paying them?
And why do we hear the claim being made that American tariffs on imported goods are paid by the consumers here if they aren’t paid by them there?
“U.S. companies shelled out a record amount of money in October. This is actually highly disturbing news, …”
Disturbing to WHOM ??? I for one relish the idea of American companies who have moved their production facilities to China disenfranchising MILLION of American workers taking an economic hit. Celebrate !!! Dance to the music !!!
Globalism is treason. All of the globalists in the US need to hang and their companies impoverished !!! 🙂
If a company doesnt like the tarrif,
Tariffs are a uniquely Nationalist reaction to protect the means of production of a country, lest said Country becomes weak and
dependent on someone else for their product needs which is one more step toward Globalism.
Tariffs are Kryptonite to Globalists. That is why Rabid Globalists like the author include lines like “Trump is also delighting with glee as he steals this money from U.S. businesses and causes layoffs nationwide as the economy struggles to maintain the inflated “everything” bubble” and “Taxation is the reason Paris is on fire right now”
Stay with it President Trump! The United States is the richest
country on earth in terms of natural resources and we can Harvest,Mine,Log,farm, and produce everything we need, feed house and medicate our own people and care for Citizens who are sick or injured like the Christian Country we are!
We need to get back to America first, every dollar spent overseas is another dillar we will never see again,
Tariffs won’t work to bring production back to the US. This has been tried before by both Bush and Obama on Chinese tires and steel. Production of these products was simply backfilled by other countries with dirt cheap labor costs. US steel and tire manufacturers continued to layoff. Eventually the tariffs expired.
You cannot stop cheap imports unless you tariff every country that has no environmental regulations or labor constraints. There are too many countries that will undercut US costs to make tariffs work.
Besides I think this trade war is more of a war on China as an upcoming power that may challenge the empire. They are not suited by this challenge to their hegemony. The more I see the Donald in action the less I believe he cares about bringing jobs back. He has been absorbed by the deep state and does their bidding…at least as far as foreign policy goes.
This trade war is somewhat of a misnomer. The tariffs are designed to get the U.S. back in control of its military and security logistics train. It is the height of stupidity and foolishness to have our critical defense industries dependent upon our potential enemies. This is where the Clinton’s and Obama were absolutely treasonous in their selling out American security interests for personal and political gain.
The Donald is trying to correct this.
We should keep our eye on the objective and dismiss with the intellectually shallow Trump bashing and whining about the cost.
What is the cost of failure?
What exactly IS the cost of failure now that you mention it.
Think hard on this one.
Losing the next war.
Is not the Fed working against trump economic boom by trying to sabotage it? Are they not trying to to make the tarrifs the cause of for market down turns?
Let us remember that tarrifs charge Chinese companies not Americans.
“Is not the Fed working against trump economic boom by trying to sabotage it?”
“Are they not trying to to make the tariffs the cause of for market down turns?”
“tariffs charge Chinese companies not Americans.”
– Strike Three