Trump losing the trade war.

[Fake Messiah]

Any questions?

Is Drich a traitor?

---

Seems everybody in US is losing in Trump's trade war:

Trump gives American families $72 billion tax hike with his trade war

Families across the country are getting the equivalent of a $72 billion tax increase, thanks to Trump's ill-advised trade war, according to a Thursday report from CNBC.

Using data calculated by the nonpartisan Tax Foundation, CNBC concluded that the impact of Trump's trade war with countries including China and Canada is "equivalent to one of the largest tax increases in decades."

A former Bush-era Treasury official told CNBC that a typical household making $61,000 per year will end up paying $500 to $550 more every year because of Trump's actions. And that's on top of any harm many families felt from the GOP tax scam.

What's worse, when Trump talks about the trade wars and tariffs he is implementing, he blatantly lies about who is paying for it.

Trump says China and other countries pay the tariffs, but in reality, companies pass along the cost to teachers, firefighters, farmers, and anyone else who purchases goods made in those countries, say economic experts.

Trump "continues to either not understand how tariffs actually work or deliberately mislead people on how they work," Ben White, Politico's chief economic reporter, said in September 2018. "China doesn't pay us anything. Importers of the products pay the tariffs and either eat the extra cost or pass it on to consumers."

American families now pay the equivalent of a $100 tax on washing machines.  Soon, cars could cost up to $2,200 more.

Even Trump's own economic advisers admit families across the country "will suffer" because of the trade wars.

Trump's response to consumers paying higher prices? "Enjoy!"

https://shareblue.com/trump-72-billion-t...trade-war/

In the meantime...

President Donald Trump's 2020 reelection banners are being made in haste at one Chinese flag factory as the fear of more tariffs loom



Workers in Fuyang, China have been busy at work, leaning over sewing machine tables, hemming the edges of Trump's "Keep America Great!" banners and shipping them off. While the summer is usually the slow season at Jiahao Flag Co Ltd, the factory has packaged more than 90,000 of the iconic red, white and blue banners since March, according to Reuters.


https://eu.usatoday.com/story/news/polit...844226002/