Drudge Retort: The Other Side of the News
Tuesday, October 22, 2019

The US has imposed fresh tariffs on $112bn (£92bn) of Chinese imports such as shoes, nappies and food.

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Fat Nixon is playing with the stock market again.

#1 | Posted by Nixon at 2019-10-22 06:51 AM | Reply

Trump has a lot of aggression he has to take out. The Kurds didn't prove as satisfying a meal as he hoped.

#2 | Posted by Zed at 2019-10-22 08:35 AM | Reply

Trump's authority to enact tariff is supposed to be limited to things that affect national security. Do nappies affect national security. Do shoes? Congress needs to tell Trump he isn't a king. Tariffs can only be effective if they are long term, when the President enacts them China knows he may not even be in office that much longer and may decide to just wait it out. No new factories are going to be built on the back of these tariffs because they don't offer investors the long term security that they won't be cancelled on Jan. 20, 2021.

#3 | Posted by danni at 2019-10-22 09:00 AM | Reply

So you're saying the Dems are going to sell out to investors and roll them back?

#4 | Posted by sitzkrieg at 2019-10-22 10:28 AM | Reply

So you're saying the Dems are going to sell out to investors and roll them back?

#4 | POSTED BY SITZKRIEG

Sell out to investors? Because that's who benefits from ending this "easy to win" trade war?

Talk to the farmers. Talk to the manufacturing employees. Talk to anyone who exports to China or relies on their imports.

Hell, the Farm bail out will cost us TWICE what the Auto bail out cost and this is self inflicted. And don't expect those markets to simply come back to us.

There is a reason the DOW hasn't even beat inflation since January, 2018.

#5 | Posted by Sycophant at 2019-10-22 10:45 AM | Reply

"So you're saying the Dems are going to sell out to investors and roll them back?"

I'm saying that if you want protectionism let Congress debate it and vote on it, don't let a tin horn dictator just arbitrarily impose tariffs that are not bringing jobs back. Basically, what Trump is really doing is adding taxes onto imports to offset his tax cuts for the 1% and these taxes do not fall primarily on the 1%, they fall on the majority of the population. In other words, Trumps trade war isn't really a trade war it's a tax on the working classes.

#6 | Posted by danni at 2019-10-22 10:51 AM | Reply

#6 | POSTED BY DANNI AT 2019-10-22 10:51 AM | FLAG:

Ahh, got it. Obama the tin horn dictator.

"And in 2011, the United States successfully defended, for the first time ever in the WTO, a trade safeguard to stop disruption of our domestic market, which upheld President Obama's decision to impose tariffs on Chinese tires."

#7 | Posted by sitzkrieg at 2019-10-22 11:16 AM | Reply

We did this last time. Free Trade vs Tarrifs. Dems went with the free trade candidate while the progressive wing pined for tariffs.

#8 | Posted by sitzkrieg at 2019-10-22 11:17 AM | Reply

""And in 2011, the United States successfully defended, for the first time ever in the WTO, a trade safeguard to stop disruption of our domestic market, which upheld President Obama's decision to impose tariffs on Chinese tires."

That tariff was ended in 2012. And I support tariffs, but I want Congress to do it so that they are more permanent. For a tariff to do any long term good it needs to be a long term tariff. I have always supported tariffs and I heard several economists say that they think China is going to just wait out Trump's Presidency in hopes that the tariffs will be over when he leaves office.

#9 | Posted by danni at 2019-10-22 11:27 AM | Reply

So you support Trump and his tariffs then you just want them more permanent. No thanks, sticking with the more free trade candidates.

#10 | Posted by sitzkrieg at 2019-10-22 11:28 AM | Reply

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Is this what easy to win trade wars look like?

Trump is an idiotic bully and now he is flailing and failing.

The conned rush to defend raising trade taxes and corporate welfare.

#11 | Posted by bored at 2019-10-22 11:35 AM | Reply | Funny: 1

"So you support Trump and his tariffs then you just want them more permanent. No thanks, sticking with the more free trade candidates."

I'm not in favor of unfettered free trade, never have been, never will be. "Wealth of Nations" and all that stuff. Exporting raw materials is the business of poor nations, exporting manufactured goods is the business of rich nations.

#12 | Posted by danni at 2019-10-22 11:44 AM | Reply

Fat Nixon is playing with the stock market again.

#1 | Posted by Nixon

you don't have of anything to change the market nix

#13 | Posted by Sniper at 2019-10-22 01:35 PM | Reply

#5 | Posted by Sycophant

WTF does our bad balance cost us syo? I guess you are too blind to see that.

#14 | Posted by Sniper at 2019-10-22 01:38 PM | Reply

"Do nappies affect national security. Do shoes?"

It could.

After all, the side with more shoes won the Civil War...

:)

#15 | Posted by snoofy at 2019-10-22 03:38 PM | Reply

#5 | Posted by Sycophant
WTF does our bad balance cost us syo? I guess you are too blind to see that.

#14 | POSTED BY SNIPER

Bad Balance? What are you talking about?

#16 | Posted by Sycophant at 2019-10-23 01:21 PM | Reply

So you're saying the Dems are going to sell out to investors and roll them back?
#4 | POSTED BY SITZKRIEG
Sell out to investors? Because that's who benefits from ending this "easy to win" trade war?
Talk to the farmers. Talk to the manufacturing employees. Talk to anyone who exports to China or relies on their imports.
Hell, the Farm bail out will cost us TWICE what the Auto bail out cost and this is self inflicted. And don't expect those markets to simply come back to us.
There is a reason the DOW hasn't even beat inflation since January, 2018.
#5 | POSTED BY SYCOPHANT

Guess you couldn't defend against this one.

Like usual, run away.

#17 | Posted by Sycophant at 2019-10-23 01:22 PM | Reply

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