The US government collected a record amount in tariffs in October as a trade dispute between the Trump administration and China escalated, according to new data released Monday.
President Donald Trump slapped steep duties on an additional $111 billion worth of Chinese imports on September 1, hitting far more consumer products than in previous tranches. He is scheduled to further escalate tariffs this Sunday as the two sides struggle to hammer out the details of an interim trade agreement.
While the White House has often asserted that foreign exporters pay tariffs, there's evidence that those costs largely fall on domestic business and consumers. Roughly $42 billion in additional tariffs were paid from February 2018 to October 2019, according to the data.
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That explains the dramatic drop in our national debt . . . .
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China's November trade surplus with U.S. at $24.60 billion vs $26.45 billion in OctoberChina's trade surplus with the United States for November stood at $24.60 b... lol Nice reduction but China surplus was still reported in the billions. American franchises and stores operating in China made more than 300 billion a year from Chinese consumers. why wasn't this figure ever mentioned? KFC, McDonald's, Pizza Hut, Starbucks, Walmart, Nike, Apple, just to name a few.
Source: Reuters - 🏆 2. / 97 Read more »
China's November trade surplus with U.S. at $24.60 billion vs $26.45 billion in OctoberChina's trade surplus with the United States for November stood at $24.60 b... Trump will not only have his cake but ear it too. The new Legoland is huge, but really boring. If Democrat president, China surplus will be USD 50 billion. Trump has put 25% import tax on China US companies rise, US people work, and tax money from China MAGA
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Strong U.S. jobs data supports dollar as market looks to U.S.-China trade dealThe dollar held firm on Monday after data showed surprise strength in the U.S. j... why are they all rolled up? I'm really tired of these endless 'deals' THE 2020 JUST WENT UP IN VALUE!!! I LOVE US CURRENCY!!! LOL
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US suspects Iran is behind increasingly sophisticated rocket attacks on US bases in IraqThe US government believes that Iran is behind a series of increasingly sophisticated rocket attacks on joint US-Iraq military facilities in Iraq, several US officials tell CNN. The attacks have taken place as the US has grown increasingly concerned that Iran may be planning new provocations against US troops and interests in the region. We have treasonous Obama and silent corrupt media for giving these terrorists 1B in cash and lifting sanctions to help Iran develop weapons to kill Americans! Trump threw a brick at this bee hive that was complying and now the bees are angry...another reason trump needs to leave office his behavior and reckless decisions cost live and put America in grave danger. How can we trust anything being told to us that might lead to war?
Source: CNN - 🏆 4. / 95 Read more »
U.S. defense secretary can't label U.S. base attack 'terrorism' at this pointU.S. Defense Secretary Mark Esper said on Saturday that he was not prepared at t... Wow. Saudis are Trump's allies, make sense. No you cant lable it! Because US is training Saudi officials! Who is to blame? Uhhhhhhggg? Saudi? No! AMERICA
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