News / china
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1 min read
China got Boeing planes. You got a $1,500 tax bill.
Read more . . . →The whole sales pitch was that China was going to pay. Not you — China. Tariffs were going to force them to capitulate, manufacturing was coming home, and American workers were going to win big. What actually happened: tariffs hit 145%, the US shed over 100,000 manufacturing jobs, small manufacturers watched their profit margins drop 24%, and the average household is out $1,500 this year in higher prices. Not China. You. So Trump flew to Beijing. First US president to visit China in nearly a decade. He came back with soybeans and Boeing planes. China agreed to buy American agricultural...
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1 min read
Trump Goes to China With Nothing
Read more . . . →The Supreme Court told Trump his tariffs were illegal. His response was to slap on a new 15% global tariff using a law that expires in 150 days. And now — today — he’s boarding a plane to Beijing for a summit with Xi Jinping. The man who spent a year screaming about China eating America’s lunch is flying to China with the legal equivalent of a parking ticket in his back pocket and calling it leverage. Trump got his signature economic policy struck down 6-3 by a court that includes three justices he appointed. His replacement tariffs are temporary,...
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