Will There Be Tariff Retaliations?

Fox Business Network recently revealed a video of  Sen. Orrin Hatch (R-UT) speaking about tariffs.

Hatch stated, “I’m not a big fan of tariffs. I think it’s a mistake to impose tariffs because there’s always retaliation. And I really don’t think that we need that. We need free and open trading situations, and we always stood for that. So I’m a little bit concerned about the way the administration is moving.”

  • Jigsaw

    If we’re the only ones paying a tariff than that is not fair. We need to start making our own products again. Let’s see how they like that.

  • flashy0ne

    This whole thing is rather ridiculous. The Unites States has ONLY ASKED FOR PARITY. Those who enjoy an “unequal” trading advantage RESENT any change. SORRY, when you are giving dimes away for nickels, you MAKE MONEY by stopping. It will hurt for a little while BUT the trade will readjust and then continue — we BOTH need the action :^)

  • parthenon1

    I have faith in the presidents negotiating skill this tariff ploy is only part of it we are in the strong position as the largest economy in the world. So cut the pres some slack and wait and see !

    • Rick501

      parthenon1 – see my comment to Marth and you are an idiot too.

      • CCBoy

        Rick, maybe you should move and live in China. Okay? We’re happy with what Pres Trump is doing-trade parity. MAGA!!!

        • Rick501

          CCBoy – How do we achieve parity if all the other countries retaliate with tariffs of their own? Please enlighten me.

          • CCBoy

            Easy. Hypothetical example.

            A $100 US made TV is sent to China. They slap a 20% tariff. The TV’s new price is $120 in China market while Chinese made local TV sells for $100 only-now which TV would the Chinese locals buy? Meanwhile that Chinese made TV is exported to the US @ $100 or cheaper (subsidized) -this is where the US tariff is slapped so that their TV would be at par with US prices. Which do you think which TV brand the American people would buy if the prices were at par-Chinese junk or made in the USA?

          • Rick501

            CCBoy – What if the Chinese put a 20% tariff on US made goods in retaliation? You should read history or you are condemned to repeat it. Google Smoot-Hawley and see what is going to happenb next.

          • Rick501

            CCBoy – You still don’t get it. Nobody wins a trade war. We actually have an example of why since you can look up what happened with the Smoot-Hawley tariff act. Like I said, do some research and stop name calling when you have no facts to back up your point.

  • Marty

    Hatch is an idiot. I guess that’s what happens when you have been around for too long. Trump is right. we need equal trade.

    • Rick501

      Marty – Google Smoot-Hawley and then tell me Trump is right. You are the idiot because you don’t learn from previous mistakes.

      • Marty

        Rick, you are the idiot. Trump has all along said all he wants is fair trade. That’s all I want. I don’t believe any country should be able to tariff any other country without that country being able to do the same. Why do you think it’s ok for china to tariff us and we can’t do the same? Makes zero sense.

        • Rick501

          Marty – Did you Google Smoot-Hawley? I guess not because you seem to still support Trump’s tariff plan. It doesn’t work. Been there, done that. Other countries have already announced retaliate measures. Wait for all prices to go up just like they did under Smoot-Hawley. It’s basic economics for all countries. Nobody wins. You do know Trump lies all the time?

          • Marty

            Rick, currently Canada has a 200% tariff on US farmers dairy products. Are our farmers suppose to take this lying down? China also places tariffs on US products. So you think it’s perfectly ok for other countries to place tariffs on us but it would cause huge inflation if we do likewise to them. Our economy is much better than China’s. If they want a war, I think they’ll lose. And no, I didn’t google anything, I never use google.

          • Rick501

            Marty – Smoot-Hawley. Try again, then let me know what will happen next.

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