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Reuters article on trump xi meeting results
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farmer4321
Posted 12/2/2018 11:18 (#7142904 - in reply to #7142487)
Subject: RE: You mean, "resume buying just what they previously bought"?


You mean, "resume buying just what they previously bought"? A 10% tariff on $250 billion is $25 billion which the American consumer pays, not the Chinese. So in effect, that does nothing to help the $350 billion trade deficit. The Chinese get to continue to sell us $550 billion in exports, and buy a $150 billion in goods that they want and previously purchased.
What's changed other than the additional taxes the treasury gets to collect from US consumers?
Meanwhile, the Chinese can continue to just pay lip service to the other US demands?
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