Dont Have Tariffs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mind it's starting to look like trade wars are neither good nor easy to win. >> no, i think that's right. i think to steve's point, you know for the last couple of years a lot of this is sort of background noise. the president would make the threats and impose some tariffs but most is services or things produced domestically. a lot of the imports don't come from china, a lot of things weren't subject to the tariffs. they were fairly small, but as the stuff that's subject to tariff gets to be a larger swath of the economy then you're going to start to see regional effects if china weakens the c...

Days of the stock market and as i said, when the fed cut the interest rates back last wednesday the stock market began to crack and, first of all it's important to note that the stock market -- that the fed only cut interest rates because of the trade war. the trade war is weakening the any, the fed had to cut interest rates, the stock market cracks, kind of recovered from that. but then on thursday, the president walked out and announced he was going to apply tariffs to another $300 billion of chinese goods on september 1. the stock market tanks as you can see here. even then, the stock marke...

Small fun fact. the amount of aid we are paying to farmers is greater than the amount of tariffs that we are collecting from consumers in america. so let's look at the next round of tariffs which trump talked about for september 1st. if he actually goes ahead and does this. this will really hurt consumers. so far the tariffs have targeted more intermediate goods that go to businesses and the next round goes to consumers. much of what we buy here, almost everything we buy here that is manufactured is made somewhat else in these categories. so if you look at cell phones for a second, you can see...

If we're looking at you know at the growth somewhere in the 1% range in 2020 that won't be a strong tail wind for the president as he seeks reelection. >> it needs to be gospel that the tariffs were attacks on the american people, tariffs were a bad idea and we haven't heard much from republicans. you hear joni ernst and those from the farm states talking about it, but by and large, lindsey graham is completely flipping on tariffs because president trump is the one imposing them. >> for a lot of farmers you are seeing specific targeted payments to make them whole for the economic damage specif...

If you have an apple phone like this one, it's going to cost you 10% more on september 1st. even though it's apple it's made in china. and then lastly, let's take a look at examples of how this has already affected consumers. this shows the prices of goods that are mostly imported and you can see that the goods that are imported have -- they were declining actually in price over the last few years and that's mostly because of a strong dollar. strong dollar makes imports cheaper. but then trump started putting tariffs in place and so we separated the goods that have tariffs on them from the goo...