CNN’s Latest Stunt Backfires: ‘A Democrat And Biden Donor’

[Valletta]

CNN’s Latest Stunt Backfires: ‘A Democrat And Biden Donor’

CNN is facing backlash after its latest attempt to discredit President Donald Trump’s trade policies blew up in its face. The network aired a segment Tuesday morning accusing the Trump administration of using “bad math” to justify tariff hikes—touting a so-called “conservative economist” from...

trendingpoliticsnews.com

Same old, same old.

 

[iluvatar5150]

CNN’s Latest Stunt Backfires: ‘A Democrat And Biden Donor’

CNN is facing backlash after its latest attempt to discredit President Donald Trump’s trade policies blew up in its face. The network aired a segment Tuesday morning accusing the Trump administration of using “bad math” to justify tariff hikes—touting a so-called “conservative economist” from...

trendingpoliticsnews.com

Same old, same old.

So what I’m hearing is that it took a lib to point out Trump’s math errors.

 

[Fantine]

CNN’s Latest Stunt Backfires: ‘A Democrat And Biden Donor’

CNN is facing backlash after its latest attempt to discredit President Donald Trump’s trade policies blew up in its face. The network aired a segment Tuesday morning accusing the Trump administration of using “bad math” to justify tariff hikes—touting a so-called “conservative economist” from...

trendingpoliticsnews.com

Same old, same old.

Do you know multiplication? 16 Nobel Laureates have spoken out against the tariffs. Many times more than tariff supporters.
Why, even Elon Musk says tariffs should be zero.
Bessent and Lutnick disagree of course, but show in every comment they think American seniors are so well-heeled they wouldn't even notice if the stock market plummeted.

 

[Vambram]

Do you know multiplication? 16 Nobel Laureates have spoken out against the tariffs. Many times more than tariff supporters.
Why, even Elon Musk says tariffs should be zero.
Bessent and Lutnick disagree of course, but show in every comment they think American seniors are so well-heeled they wouldn't even notice if the stock market plummeted.

It would be very beneficial to America if there was not any tariffs at all anywhere in the world. But, until that happens, then it does make a lot of sense to have tariffs on products made in nations which tariff USA exports.

 

[Fantine]

It would be very beneficial to America if there was not any tariffs at all anywhere in the world. But, until that happens, then it does make a lot of sense to have tariffs on products made in nations which tariff USA exports.

And economists almost universally disagree.

 

[Vambram]

And economists almost universally disagree.

Are those the same economists who like the fact that America has become too dependent on other nations who use inexpensive labor to go under the costs of American products? Are those the same economists whom apparently don't have a problem with high tariffs on American exports into those same nations?

 

[rambot]

I KNOW a news site is trustworthy when popups and advertisements make up more than 40% of my screen!

Also....I find it ridiculous that Trump supporters CANNOT HANDLE any kind of criticism of the man and have NOOOOO idea how "ad hominem" works. It's at the point where the only people they believe will be in the Trump administration and when anyone outside of that adminstration provides a critique, they dismiss their arguments ONLY because they don't support Trump.

 

[Say it aint so]

It would be very beneficial to America if there was not any tariffs at all anywhere in the world. But, until that happens, then it does make a lot of sense to have tariffs on products made in nations which tariff USA exports.

No, it would not be beneficial to America if there were zero tariffs.

 

[Vambram]

No, it would not be beneficial to America if there were zero tariffs.

Why?

 

[Say it aint so]

Why?

It would be more of a win for those exporting to the US. People in a lot of countries, and I mean the vast majority including India and even China can't afford US products, while the average American can afford what they export. Imagine if the US allowed China, Vietnam, Taiwan, and India products into America with zero tariffs. I will use Vietnam for example. The hourly manufacturer rate of pay in Vietnam is $6.95. The hourly manufacturer rate of pay in the US is $ 28.92. That's a 76% difference. With the Trump first term TCJA (Tax Cuts Jobs Act) the US shifted toward a territorial tax system. That allows multinational corporations to avoid US taxes on most foreign earnings. So you, as a manufacturer now with zero tariff affecting price, if you moved overseas you will 1) face no tariffs 2) the 76% in labor costs savings 3) don't have to pay US taxes on your revenue. 4) Regulatory laws are mitigated. Another example. We slap a 100% targeted tariff on China's BYD E-cars. Those cars are cheaper, and they can recharge in about the same time one can fill a gas tank. We keep them out because allowing access with zero tariff given current conditions would kill Tesla along with the rest of sedan size American E-cars.

To me that old Ross Perot quote of a "sucking sound" as even more US manufacturers moving is exactly what's going to happen. Trade needs to be handled through trade agreements as in "if you buy product X from us, we will buy product Y from you". Not tariffs, and zero tariffs would be a disaster.

 

[iluvatar5150]

Why?

Depending on which tariffs we're talking about, more manufacturing could move overseas and stay overseas, which has the potential to decimate local production industries. It can be advantageous to keep some production in-house. National security gets tossed around (and overblown) the most, but robustness of supply chains is another good reason. What we saw during covid was that some supply chains (e.g. semiconductors) were so consolidated that they had what amounted to single points of failure; and when those failed, there was no other industry (domestic or international) capable of picking up the slack. In the event of an emergency, it's nice to not have to rely on outsiders who may be having their own problems.


This works the other way, too. Tariffs can be used by developing countries to protect their own domestic production industries while they're still developing. We're better off when smaller countries can stand on their own vs being reliant upon cheap imports from, say, China or Russia.

 

[The IbanezerScrooge]

CNN’s Latest Stunt Backfires: ‘A Democrat And Biden Donor’

CNN is facing backlash after its latest attempt to discredit President Donald Trump’s trade policies blew up in its face. The network aired a segment Tuesday morning accusing the Trump administration of using “bad math” to justify tariff hikes—touting a so-called “conservative economist” from...

trendingpoliticsnews.com

Same old, same old.

And they could have gotten a real economics expert like Ron Vara.

 

[Vambram]

It would be more of a win for those exporting to the US. People in a lot of countries, and I mean the vast majority including India and even China can't afford US products, while the average American can afford what they export. Imagine if the US allowed China, Vietnam, Taiwan, and India products into America with zero tariffs. I will use Vietnam for example. The hourly manufacturer rate of pay in Vietnam is $6.95. The hourly manufacturer rate of pay in the US is $ 28.92. That's a 76% difference. With the Trump first term TCJA (Tax Cuts Jobs Act) the US shifted toward a territorial tax system. That allows multinational corporations to avoid US taxes on most foreign earnings. So you, as a manufacturer now with zero tariff affecting price, if you moved overseas you will 1) face no tariffs 2) the 76% in labor costs savings 3) don't have to pay US taxes on your revenue. 4) Regulatory laws are mitigated. Another example. We slap a 100% targeted tariff on China's BYD E-cars. Those cars are cheaper, and they can recharge in about the same time one can fill a gas tank. We keep them out because allowing access with zero tariff given current conditions would kill Tesla along with the rest of sedan size American E-cars.

To me that old Ross Perot quote of a "sucking sound" as even more US manufacturers moving is exactly what's going to happen. Trade needs to be handled through trade agreements as in "if you buy product X from us, we will buy product Y from you". Not tariffs, and zero tariffs would be a disaster.

I should have said that it would be beneficial IF there was no need for tariffs. I have no doubts that IF there was no need for tariffs, then there would be more manufacturing plants with good paying jobs right here in the good ol' USA. Of course, that goal of having more manufacturing in America is one of the reasons President Trump is enacting those tariffs.

 

[Say it aint so]

I should have said that it would be beneficial IF there was no need for tariffs. I have no doubts that IF there was no need for tariffs, then there would be more manufacturing plants with good paying jobs right here in the good ol' USA. Of course, that goal of having more manufacturing in America is one of the reasons President Trump is enacting those tariffs.

Just like every other country we use tariffs to make sure there is manufacturing here in America. I just gave you reasons why more would leave if tariffs were at the zero level Trump wants.

 

[Vambram]

Just like every other country we use tariffs to make sure there is manufacturing here in America. I just gave you reasons why more would leave if tariffs were at the zero level Trump wants.

Americans would benefit with better paying jobs if there was MORE manufacturing done here in America. Sadly, over the last few decades, too many corporations have closed manufacturing plants in the USA while opening them up in other nations in order to sell their products cheaper here in America while making bigger profits. We do NEED more manufacturing plants in America.

 

[Oompa Loompa]

And economists almost universally disagree.

Like how scientists almost universally agreed that Covid 19 came from bats and that the vaccine would prevent infection? Like how intelligence officials almost universally agreed that Hunter Biden's laptop was Russian disinformation? Or like the Obama economists who said the Obama recession was going to be "transitional?" Your appeal to authority only has value if you appeal to trustworthy authority figures.

 

[Oompa Loompa]

Are those the same economists who like the fact that America has become too dependent on other nations who use inexpensive labor to go under the costs of American products? Are those the same economists whom apparently don't have a problem with high tariffs on American exports into those same nations?

Probably the same economists whose portfolios are getting burned because they financially benefitted from the profits of corporations that use slave labor in other countries.

 

[Oompa Loompa]

I KNOW a news site is trustworthy when popups and advertisements make up more than 40% of my screen!

Also....I find it ridiculous that Trump supporters CANNOT HANDLE any kind of criticism of the man and have NOOOOO idea how "ad hominem" works. It's at the point where the only people they believe will be in the Trump administration and when anyone outside of that adminstration provides a critique, they dismiss their arguments ONLY because they don't support Trump.

I wonder if liberals ever get tired of being wrong and Trump saying, "I told you so."

 

[rambot]

I wonder if liberals ever get tired of being wrong and Trump saying, "I told you so."

We get a bit more tired of blind adoration and trust of someone so fundamentally untrustworthy that you can't barely be in a room with him without signing an NDA.

It's hard to understand the lack of discernment.

 

[Oompa Loompa]

We get a bit more tired of blind adoration and trust of someone so fundamentally untrustworthy that you can't barely be in a room with him without signing an NDA.

It's hard to understand the lack of discernment.

Well, Chuck Schumer in 2005 and Nancy Pelosi in 1996 would disagree with you about Trump's tariffs on China. I am frankly getting tired of the blind rage against Trump for doing what Democrats have been calling for decades ago.