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Old 13.05.2019, 01:09
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Re: Will Trump be a Good President?

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Of course this is basic knowledge. The point that marton has made repeatedly is that Trump does not possess this basic knowledge. Trump has even stated that China has been paying billions to the US in tariffs. He is totally clueless.

It appears that the US tariffs are having little to no effect on imports from China. I don't know whether the retaliatory Chinese tariffs have slowed imports into China from the US.
And again
Quote:
Donald J. Trump@realDonaldTrump

We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate.
We will be taking in Tens of Billions of Dollars in Tariffs from China.
Buyers of product can make it themselves in the USA (ideal), or buy it from non-Tariffed countries
We will then spend (match or better) the money that China may no longer be spending with our Great Patriot Farmers (Agriculture), which is a small percentage of total Tariffs received, and distribute the food to starving people in nations around the world!
GREAT! #MAGA
Trump still does not get that it is a tax on US consumers, not a revenue flow from China.

Edit: the retaliatory Chinese tariffs have destroyed the US soyabean business; down from 28 million tons in 2017 to 8 million in 2018. In 2019 they only imported 3% vs the same period in 2018.