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J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods

 
Anonymous Coward
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08/20/2019 05:40 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
I never buy chinese goods if I can avoid it. I would rather pay more for good old fashion american products.
AC
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08/20/2019 05:42 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
and JPMorgan will be bust when the Fed is destroyed and the US dollar will be based on gold, not fiat debt.
 Quoting: Anonymous Coward 76140145


Also, Mexico will pay for the wall.
 Quoting: Anonymous Coward 60192884


You sound like a 2 mile stretch of bad road...
Anonymous Coward
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08/20/2019 05:51 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
Prices of Goods in the U.S. Did Not Rise At All Despite China Tariff Hike

[link to www.breitbart.com (secure)]
Anonymous Coward
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08/20/2019 05:57 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
Won't cost me a thing ,I don't plan on buying anything
If something breaks then good for me , I need to cut the cord
 Quoting: REBEL ROUSER


It won't cost me a dime. I only buy used items. Super cheap and they are made better. Fuck China. Fuck the UN. Fuck Agenda 21/30. Fuck 'em all.
Anonymous Coward
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08/20/2019 05:58 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
What real American buys Chinese shit on a regular basis?
Anonymous Coward
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08/20/2019 06:18 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
bsflag


Just don't but Chinese crap.


You won't be out anything.
 Quoting: The Forever Deplorable Adytum


It's American crap made in China
Anonymous Coward
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08/20/2019 06:34 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
Is this the same J.P. Morgan that had twenty tons of cocaine seized? chuckle
Anonymous Coward
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08/20/2019 06:34 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
What real American buys Chinese shit on a regular basis?
 Quoting: Anonymous Coward 76208269


MKJeep.
Anonymous Coward
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08/20/2019 06:36 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
and dont forget "You can keep your Doctor" and "Your insurance cost will go down"

which person cost you more ?

Stop buying from China, they are recycling our garbage into your kids toys, very unhealthy , support American made products
Anonymous Coward
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08/20/2019 06:37 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
OP is right, we should have kept those lopsided trade agreements that have been screwing us for years!!!

shill
 Quoting: chuckles45


pigchef
Doommincus Maximus

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08/20/2019 06:38 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
It blows my mind how many people here care more about cheap Chinese goods than their own countries economy.

It fucking disturbing TBH
Stand up for what you believe in, even if you stand alone.
Brown Chicken Brown Cow

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08/20/2019 06:43 PM

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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
I'd rather have 1000 less per year if it took 1000 jobs away from that chicom shithole and gave it to Americans.
 Quoting: diverdan01


This ^
 Quoting: Anonymous Coward 39903149


ditto
 Quoting: Anonymous Coward 77391584


Yep. Fuck China. They are the enemy.
Liberalism is a mental disorder.
Anonymous Coward
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08/20/2019 06:59 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan.

The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December.

“What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.”

The firm estimates that Trump’s new tariffs will cost Americans the majority of the tax break they are getting from Trump’s 2017 tax overhaul, which it estimates is around $1,300 per year.


[link to www.cnbc.com (secure)]
 Quoting: Anonymous Coward 69365160


Why is it that, according to the MSM, tariffs affect consumer prices but corporate tax increases don't?
norespect
Anonymous Coward
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08/20/2019 07:00 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
If i dont buy any chinese crap and new tax breaks coming, ill be good
Anonymous Coward
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08/20/2019 07:01 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
China goods in the USA?

No surprise. Boston, New York, Phildadelphia have a China Town.

What is the American dollar and why has it not become the worth of a Spanish Peso?
Anonymous Coward
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08/20/2019 07:01 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
Won't cost me a thing ,I don't plan on buying anything
If something breaks then good for me , I need to cut the cord
 Quoting: REBEL ROUSER


iamwith
Anonymous Coward
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08/20/2019 07:06 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
If it'll force production jobs to come to the US, then I don't care if we tariff the whole world. The powers that be have created a system where nearly every country is dependent on the rest of the world, because they want no country to stand alone. They want evil globalism. That has to be reversed.
Anonymous Coward
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08/20/2019 07:07 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
I'd rather have 1000 less per year if it took 1000 jobs away from that chicom shithole and gave it to Americans.
 Quoting: diverdan01


This ^
 Quoting: Anonymous Coward 39903149


This, just don't buy the crap
The ring of truth

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08/20/2019 07:15 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
Look we have to Start making our own crap again...

I know this will hurt...But its the only way to leave china and be country again that builds our own stuff...

We CANNOT LET CHINA SURPASS US...If we Do WE AS AMERICANS ARE DONE ...

Matter of Fact We Cannot Let Europe Over take us either..

They are all Jealous and once they do they will spit on our grave...

And you think people living in the streets are bad now...

Wait and see ...If these countries over take us...

We will be like india in 30 years...
TRUMP MAGA KAG 2020~AND BEYOND!

Plus KILL THE UN,put a stake through its BLACK HEART OF DEATH!

Then after that,GET RID OF THE IRS,CIA,FBI,NSA,AND SO ON...

ALL WE NEED IS SHERIFFS!
Sikhed

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08/20/2019 07:17 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
I don't care if the tariffs cost my household $1000.
(even though I doubt that story)

That $1K will disappear and turn into a surplus as America gets back into manufacturing.
:doom360:
Anonymous Coward
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08/20/2019 07:18 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
not me
diverdan01

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08/20/2019 07:40 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
I'd rather have 1000 less per year if it took 1000 jobs away from that chicom shithole and gave it to Americans.
 Quoting: diverdan01


This ^
 Quoting: Anonymous Coward 39903149


ditto
 Quoting: Anonymous Coward 77391584


Yep. Fuck China. They are the enemy.
 Quoting: Brown Chicken Brown Cow

100% the enemy..you can thank the Clintons for the giant sucking sound that was manufacturing in the US.
Anonymous Coward
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08/20/2019 07:50 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
Excellent news!

The LEFT loves the concept of placing a burden on the bulk of society for general good and now that is exactly what is taking place!

Employment up!
Minorities with more jobs than ever!
The downtrodden raised up on the backs of evil corporations!
 Quoting: Anonymous Coward 34396491


Payroll cuts on the way because we are headed for a severe recession.

[link to thehill.com (secure)]
Anonymous Coward
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08/20/2019 07:53 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
China has been paying us Politicians to make policy and laws that help China and hurt America. It time we stand up for our country. Our forefathers has to lose live and limb to stop Germany from taking over world now China is trying to take over world. If we don’t want our children to be China’s slaves we must fight back. It up to America to decide. We may have give up some thing to preserve our independent and freedom
Anonymous Coward
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08/20/2019 07:57 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
$1000 ain't what it used to be.

Based on that math, the state department will be up $127 billion.

That's roughly 13% of the annual payroll taxes.

The question is... Where will that 127billlllon go?
Anonymous Coward
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08/20/2019 08:02 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
I'd rather have 1000 less per year if it took 1000 jobs away from that chicom shithole and gave it to Americans.
 Quoting: diverdan01


This ^
 Quoting: Anonymous Coward 39903149


ditto
 Quoting: Anonymous Coward 77391584


DITTO!
Anonymous Coward
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08/20/2019 08:10 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
you need to be as dumb as a rock to belief jp morgan
here they just been busted messing with PM prices

their so honest, belief all they say

[link to www.zerohedge.com (secure)]
Vision II

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08/20/2019 08:11 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan.

The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December.

“What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.”

The firm estimates that Trump’s new tariffs will cost Americans the majority of the tax break they are getting from Trump’s 2017 tax overhaul, which it estimates is around $1,300 per year.


[link to www.cnbc.com (secure)]
 Quoting: Anonymous Coward 69365160


We wont feel it though. The way this whole thing works. We won't feel a thing.
The best US president of all time: Donald Trump
Anonymous Coward
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08/20/2019 08:17 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
Excellent news!

The LEFT loves the concept of placing a burden on the bulk of society for general good and now that is exactly what is taking place!

Employment up!
Minorities with more jobs than ever!
The downtrodden raised up on the backs of evil corporations!
 Quoting: Anonymous Coward 34396491


Payroll cuts on the way because we are headed for a severe recession.

[link to thehill.com (secure)]
 Quoting: Anonymous Coward 77622964


Good. We need a recession to make low income Stormfags starve a little.


Fuck em. Let them die.
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08/20/2019 08:18 PM
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Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods
total bullshit ---- These big international finance types are all Globalists who hate Trump...

and besides, this "trade war" will end next year because Xi wants Trump elected --- because Trump, Xi and Putin are all enemies of the Globalists





GLP