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Wiz Imp

(8,709 posts)

8. This is one of the most stupid arguments ever.

Reply to Zorro (Original post)

Tue Apr 29, 2025, 11:19 AM

Apr 2025

Why would China lose jobs? Presumably because the tariffs are too high that people in the US will no longer want to buy products from China because of the cost. So what happens then? Imports from China are reduced, meaning tariff revenues are greatly reduced. How will the US collect trillions of dollars in tariffs if imports are reduced? The only way the US could possibly collect trillions in tariffs to begin with is if the tariff rate were over 100% on ALL imports. The higher the tariff rate, the lower the sales, the less money collected by the US treasury.

Tell me again how that benefits the US?

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Bernardo de La Paz

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Highlight:

Scott Bessent says China could lose 10 million jobs 'very quickly' if tariffs don't drop [View all] Zorro Apr 2025 OP

Like Mao said... roscoeroscoe Apr 2025 #1

Within the next two weeks, in fact - just in time for Trump's infrastructure and health care plans Prairie Gates Apr 2025 #2

Scott, how many jobs will be lost in the US ? republianmushroom Apr 2025 #3

He doesn't care about that! durablend Apr 2025 #11

I don't believe he knows. Just getting press. republianmushroom Apr 2025 #13

China is more resilient than the US VeryProgressive Apr 2025 #4

He doesn't know they sell to the rest of the world... Justice matters. Apr 2025 #22

The rest of the world can't fully absorb their exports to the U.S. subterranean Apr 2025 #27

Just another thought! Stonealone Apr 2025 #28

"Which side is more willing to endure hardship ..." More_Cowbell Apr 2025 #5

My God he's a fucking moron... johnnyplankton Apr 2025 #6

I don't think he understands the Asian mentality. patphil Apr 2025 #7

Every container will be needed BidenRocks Apr 2025 #33

This is one of the most stupid arguments ever. Wiz Imp Apr 2025 #8

tRump is claiming $2 billion tariff taxes per day. It is more like 500 million. Before trade contraction. Bernardo de La Paz Apr 2025 #30

Wait until JBTaurus83 Apr 2025 #9

A board certified Idiot! Tarzanrock Apr 2025 #10

China has 1.4 billion people BumRushDaShow Apr 2025 #12

It's even worse than that angrychair Apr 2025 #18

Yes BumRushDaShow Apr 2025 #20

So that's what Miguelito Loveless Apr 2025 #14

Gee, you think maybe these stupid tariffs were an extremely terrible idea? Initech Apr 2025 #15

How many port jobs will be idle next week? Old Crank Apr 2025 #16

Think I read about 8 million are employed in the logistics industry. roamer65 Apr 2025 #36

Getting into a labor war of attrition with a dictatorship that has four times our population is insane. Midnight Writer Apr 2025 #17

Just a little potboiler soundbite BaronChocula Apr 2025 #19

Bessent is one ignorant rich guy isn't he?? NoMoreRepugs Apr 2025 #21

He knows he's wrong, but licking tRUMP'S shoes makes more sense to him than a coherent trade policy wolfie001 Apr 2025 #24

I think China can ,and is more willing to, withstand this than Americans ToxMarz Apr 2025 #23

This flawed reasoning nowforever Apr 2025 #25

Thuganomics. C_U_L8R Apr 2025 #26

Bessent keeps pushing the "five times" canard. It is far from the whole story. Bernardo de La Paz Apr 2025 #29

Bessent always reminds me of ... Tarzanrock Apr 2025 #31

Meanwhile China sent back Boeing planes delisen Apr 2025 #32

10 million are easily employed in war production. roamer65 Apr 2025 #34

More to join the military IbogaProject Apr 2025 #35