Donald Trump is out to get Chy-nuh. It’s somewhat amusing, actually, since his number one daughter, Ivanka, has no problem having her manufacturing done over there, nor does Trump himself.
And he’s raving about tariffs, something he clearly does not understand, and lying about how much money he brought into the country before via tariffs. “China paid to the United States hundreds of billions of dollars and no other president got ten cents, legitimately, ten cents.”
No, they didn’t and there’s a reason for that. Tariffs are a tax that the consumer pays at time of purchase not a check that the tariffed country sends to the treasury because the sitting president told them to. This guy, I’m tellin’ ya.
Trump announces if elected that he will start a global trade war by implementing a mercantilist system. He will raise tariffs on “most foreign products,” phase out all imports from China in 4 years, and punish US companies who do business and invest in China. pic.twitter.com/867rDuz2O2
— Ron Filipkowski 🇺🇦 (@RonFilipkowski) February 27, 2023
Mercantilism. Wow. That takes us back to the time of the Revolutionary War, a time that Trump loves, apparently, because he thinks there were airports back then. Mercantilism “was a form of economic nationalism that sought to increase the prosperity and power of a nation through restrictive trade practices. Its goal was to increase the supply of a state’s gold and silver with exports rather than to deplete it through imports,” according to Google.
That sent Twitter humming.
Poor Trump doesn't realize the GOP base has long since moved past trade and now sees Disney cartoons and unintelligible acronyms like CRT and ESG as their real enemies https://t.co/IiyOuXubLz
— Greg Sargent (@ThePlumLineGS) February 27, 2023
According to Trump, here is how it’ll work: “as tariffs on foreign producers go up, taxes on American producers will go down and go down very substantially.” He predicts that this “means a lot of jobs coming in.”
— Philip Melanchthon Wegmann (@PhilipWegmann) February 27, 2023
He just doesn’t get that the consumer pays the tariff. Aye aye aye.
one farm state GOP lawmaker to me on Trump's new China trade proposals + the impact on US agricultural exports that rely on China: "it's f—ing suicide"
another: "Rushing forward w/ political slogans" cld seriously harm US biz + ag. We need to "strategically decouple" not this
— Meredith Lee Hill (@meredithllee) February 27, 2023
Not to mention his hats and ties are all made in China.
— JP M 🌺 (@jennypriscilla3) February 27, 2023
I don’t know who’s writing his material. Stephen Miller? Clearly, it’s somebody who is economically illiterate. I can’t wait for Paul Krugman and Robert Reich and people who actually know something about this to chime in. This is lit. But then you knew the GOP primary would be. All signs point to that.