Trump’s claim that China is paying for the tariffs is completely false and basically serves to redirect income from his poor supporters to his wealthy supporters. Not only that, the policy will have the consequence of further isolating the United States, says Michael Hudson

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23 thoughts on “Trump’s New Tariffs on China Help Pay for his Corporate Tax Cut”
  1. Dear President Donald Trump,
    President Xi Xinping of China,
    The Real News Network,
    Why is China funding this? Why did President Trump propose this. Who actually receives benefit from this dis-service that was placed on China? I thought since all of us knew through books of inequality like Naders and J. Marrs that we need proper global management of an attainable equative society promoting health and well being for all. Remember, when it's not fair there's a one sided benefit which is unjust! Thank you.
    Sincerely,
    Don Suiters
    Clearwater Florida
    USA
    It's like recording an intimate session with spouse for one sided review, when neither one was aware of being recorded. Someone benefitted which I believe is voyuerism?

  2. The only time you can get all the DEPLORABLE in one place is a Trump rally or a NASCAR Convention in Vegas.

  3. Would not devaluing Chinese currency also hurt Chinese citizens and their savings, which are obviously in their sovereign fiat currency? I don't buy the argument that devaluing is the method that only hurts Americans. It's good that Trump is trying to bring some jobs back, but in trying to do, we might slip into recession more quickly, which is also ultimately on the way regardless of what Trump does anyway.

  4. I'm afraid most of the electorate is just too stupid to understand simple economics. This does not bode well for democracy when they are distracted with "bread and circuses" while Rome burns.

  5. if the "tariff" , which is a big if cuz u.s.consumer pay it, pay for tax cut, who pay for those famers subsidies who lose chinese buyers? either tax payers pay Trump's rich friend or help him buy votes, and i think it is both

  6. Can we just have the Trump supporters pay for it well probably not we will all have to🤔🤨 well the rich people will not have to suffer we need to stop the bulshit and come together for our own sakes

  7. I'm paying double DOUBLE FOR STEEL. China hasn't covered my cost increases. The client pays but the shock is felt in declines of project and planning.

  8. Quite a joke. US corporates earned loads from buying China products, earning in the back of China, then blame China.

    Even rare earth processing, US benefits from cheaper prices and China gets the pollution … Then blames China … Are Americans that daft?

  9. 45 announces a tax increase (by increasing tariffs) and his supporters are applauding, how stupid are they? He has a brain the size of a pea. USA get rid of him otherwise you are doomed!

  10. Your title says it all of course that's his plan to bring companies back to America don't y'all get it or are you just too stupid?

  11. It is our fault, we buy foreign goods to save money and our neighbor losses there jobs because we dont want to shop locally, samething is happening with online shopping. Stop relying on China.

  12. Give a jackass the control of a ship & it will sink,guaranteed, this is why Putin chose trump aka the biggest incompetent imbecile ever conceived 👀

  13. 00:20 – Donald knows nothing. And everyone in that room knows nothing. Taxing the hell out of China – LOL
    10:22 – Trump has spent the parting gifts 10:27 – Peace Prize for Unifying the entire world without the USA.

  14. Bill clinton was a rasist an trump is a rasist. America is in decline because of its rasism greed blame an lack of morals and values. An especially bad decision making bill clinton is to blame when it comes to china.

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