Tag: China tariffs

Trump’s Tariff Threats Cause $575-$690 billion LOSS in U.S. Imports

Trump is not even the acting president, but he’s acting like he is the President by informing foreign countries he’s getting ready to tariff them. Without even taken office, Donald Trump has seriously hurt this country’s economy. The U.S.  and China account for at least 40% of the World’s GDP. In the recent past, the U.S. provided at least 60% of all China soybean imports. Now, no more, thanks to Trump. He is already bankrupting the country before he officially becomes president.

Let me outline what his tariff rhetoric has done before he will become president…

  • The U.S. is losing its largest customer of crops such as soybeans. They are turning their purchases of electronics to Europe, to Brazil for agriculture and Russia for agriculture and oil products.
  • There will be uncertainty in the market and American investors and farmers will be affected. Watch the stock markets.
  • Loosing China in these sectors as a trade partner is sending shockwaves to supply chains, employment and innovation.

The U.S.- China trade war began in Trump’s first term in 2018 when Trump imposed tariffs on $360 billion of Chinese goods. Back then, China retaliated with $110 billion in exports to the U.S. and Technology and energy were among the hardest hit sectors. As proof of this back in 2018, exports to China fell over 20 percent. U.S. farmers lost about $4 billion because of U.S. tariffs. Presently, Trump is only threatening China, but China is taking the first shot at the United States, not even giving Trump a chance to retaliate, because he’s not the president yet and he is powerless. Trump will not take this sitting down, and as an attempt to further his cause, he will create more damage between China and the United States when he is sworn into office on January 20, 2025.

  • Instead of making China pay for tariffs, the shift away from trade with the United States has the effect of making products more expensive and less competitive in the global markets. The U.S. voter turned to Trump because they believed he was better for the economy. Really?!&/?”%???
  • Trump’s tariffs will be an immediate cause why agricultural products and electronics will go up in price.
Tariffs act as a tax on U.S. businesses and consumers.

Does Trump care? Absolutely not. He hasn’t learned from the debacle he caused in 2018, as he already has created a trade mess with China in 2024, and he’s not even president yet.

Remember in a previous post on this website when I made the claim that Trump will hurt the economy instead of making it better? Well, here is the proof of that. Donald Trump is so macho and reckless, and he believes that the world will run on his whim. Trump wants to be the strongest leader of the free world, and he is showing he is the weakest. He has no clue. He is so far out of touch with the needs of the American people and no clue on what it will take in a global economy to make it better.  Now we will have to close our eyes and hold on tight and hope this county can survive a second Trump presidency for the next four years. This is just the beginning.

Trump is About to WRECK the Economy

Donald Trump will wreck the American Economy. I can’t state that in a simpler way, but saying it deserves an explanation.

So, everyone who voted for him including my friends and family, take warning of what will happen to the economy because YOU voted for Trump in the election.

Again, the upcoming actions of the incoming president will be devastating to the economy.

So, let’s talk a scenario that most likely will happen with Trump as our president.

He plans to deport 11 million people without regard as to what that will do to the economy. Undocumented people work in major sectors of the work force. Undocumented people work in the food industry, the food supply chain, construction like in building apartments and homes. That’s just the beginning.

The economic analysis has already proven that it will cause a rise in the consumer cost index and the cost of goods between 3% and 10%. That simply means that whatever you are buying now, scrape up to maybe 10% across the board, because the people who were doing dirty jobs in places that you may not want to do have been deported. This would directly affect housing and the food chain.

As an example, at least 500,000 people work in the construction business. At least 40% of those are undocumented. So, what do businesses do in the construction industry when 40% of their workers get deported? Construction slows down drastically and, in many cases, will just stop.

In the food industry, it’s the same, except this time it’s millions of UNDOCUMENTED  workers that fill the jobs. These people work in the fields; they slaughter the chickens, pigs and cows, in jobs that most people would never want to take. These people in some cases work in 24-hour shifts. So how many people are we talking about in the food industry?  All your really need to know just to put it mildly, at least 40-50% of these people are UNDOCUMENTED.

If Trump carries out deportation of UNDOCUMENTED people, what do you think will happen to prices and in general, the economy. The economy will be devastated.

He plans to do two things at once. While Trump is accomplishing this how about started a trade war involving at least 40% of our economy with partners that supply us things the most. Wow, what a smart thing to do. But to put it honestly, only Trump would ever come up with plans to accomplish it.

Trump all along claimed that he was going to shut down trade from China. But he claims he will only put tariffs on goods from China of only 10%. Instead of carrying that out as if that’s a lot, he has now decided to put a tariff on goods coming from Canada of at least 25%, which means goods coming from Canada will cost more. The tariffs will be paid by the consumer. Things like building materials, food  and electronics. Oh, and that’s not even enough. Trump loves tariffs so much, he also plans to tax goods coming in from Mexico. The construction industry relies on UNDOCUMENTED people to run. If you increase the goods coming in by at least 25%, what do you think will happen to building materials, electronics and clothing goods.

EVERY TARIFF GETS PASSED ON TO THE CONSUMERS. EVERYONE KNOWS THIS EXCEPT TRUMP WHO WILL BECOME KNOWN AS THE DESTROYER OF THE ECONOMY IF HE CARRIES OUT HIS PLANS AS JUST STATED.

Trump claims by doing this to our neighbor countries will stop the flow of drugs and drug trafficking. Even if he could do this, he would wreck the economy as a result.

Canada and Mexico will retaliate. So now, the cost of goods may go up at least 25-30% by imposing tariffs that the consumer must pay for.

I truly believe that Donald Trump will do the inevitable, because he is hiring the trade hawks in his nominated cabinet that will do it.

Trump went personally bankrupt 6 times, now he’s trying to bankrupt the United States, and if he carries on his plan and he’s successful, that is exactly what he will do. Then we go into a recession. Products will become scarce and the cost of things available will skyrocket, but unfortunately most people would not be able to afford the high prices. I’m still struggling to figure out why the country thinks Donald Trump is best for the economy.

We have given the keys to our economy to Trump, and what I just said is what he plans to do. I hope that I’m wrong. I hope that EVERY statement mentioned in this document is wrong. But presently, there is nothing or proof of any kind to say that I am wrong. On January 20th when Trump becomes the 47th President of the United States, let’s see what he does. There will be a flurry of executive actions, and I’m wondering how long it will take for Trump to kick off the tariffs.

Honestly, Donald Trump is a dumb human being. I’ll explain that in another document. But what is mentioned here is just the start of the destruction he plans to accomplish in the next four years. Hopefully in 2026, he will lose the power of the Congress to implement his actions, as the House and Senate will again be taken by the Democrats. If Donald Trump puts on the tariffs, at least one or both will be taken by the Democrats. But the first 2 years of his term are looking to be quite bumpy.

Your head should be up and your chins should be out but this time you need to close your eyes and plug your nose. IT’S COMING! Donald Trump will not run for re-election because he will have served two terms as president, he will act unchecked and has nothing to loose, except what will be waiting for him in 2029 outside of the presidency. I’ll explain this in another article. Hopefully our economy will still be in tact, but if it’s not, it will take another Democratic president to try and right the ship.