J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods | |
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Anonymous Coward User ID: 10485453 United States 08/20/2019 05:51 PM Report Abusive Post Report Copyright Violation | 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)] |
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Anonymous Coward User ID: 9075901 United States 08/20/2019 06:36 PM Report Abusive Post Report Copyright Violation | 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 |
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Doommincus Maximus
User ID: 77363188 New Zealand 08/20/2019 06:38 PM Report Abusive Post Report Copyright Violation | 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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Anonymous Coward User ID: 77332161 United States 08/20/2019 06:59 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 69365160 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)] Why is it that, according to the MSM, tariffs affect consumer prices but corporate tax increases don't? |
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Anonymous Coward User ID: 413488 United States 08/20/2019 07:06 PM Report Abusive Post Report Copyright Violation | 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. |
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The ring of truth
User ID: 66438809 United States 08/20/2019 07:15 PM Report Abusive Post Report Copyright Violation | 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
User ID: 5898996 United States 08/20/2019 07:17 PM Report Abusive Post Report Copyright Violation | 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: |
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diverdan01
User ID: 73208137 United States 08/20/2019 07:40 PM Report Abusive Post Report Copyright Violation | 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 ^ ditto Yep. Fuck China. They are the enemy. 100% the enemy..you can thank the Clintons for the giant sucking sound that was manufacturing in the US. |
Anonymous Coward User ID: 77622964 United States 08/20/2019 07:50 PM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 34396491 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! Payroll cuts on the way because we are headed for a severe recession. [link to thehill.com (secure)] |
Anonymous Coward User ID: 74671980 United States 08/20/2019 07:53 PM Report Abusive Post Report Copyright Violation | 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 User ID: 73871784 United States 08/20/2019 07:57 PM Report Abusive Post Report Copyright Violation | 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? |
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Anonymous Coward User ID: 77896534 Czechia 08/20/2019 08:10 PM Report Abusive Post Report Copyright Violation | 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
User ID: 77308075 United States 08/20/2019 08:11 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 69365160 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)] 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 User ID: 77937632 United States 08/20/2019 08:17 PM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 34396491 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! Payroll cuts on the way because we are headed for a severe recession. [link to thehill.com (secure)] Good. We need a recession to make low income Stormfags starve a little. Fuck em. Let them die. |
Anonymous Coward User ID: 77079679 United States 08/20/2019 08:18 PM Report Abusive Post Report Copyright Violation | 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 |