Comments by "Ola Palooza" (@1001Balance) on "Bloomberg Originals" channel.

Correction, he taxed American companies importing these goods, not China.
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@simonnah1527 correct, also US Steel does not produce the highly refined products needed for the car industry. All of those come from Europe, Japan and more recently China.
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Of course!!! Many companies jacked up prices blaming “the inflation”. Just look at these last 3 years, one long streak of profits and growth.
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@chatwithjat so the hardship of foreign tariffs will force them to clean house and become more competitive while European companies get more subsidies? Short pain long gain.
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@pandabearoceanpark its just a shift, taxing consumption affects everyone, the tax cuts then serve predominantly those with higher wages. Its a transfer from the general population to the people who are better off. There are some nice figures showing which decile of income got how much of the trump tax cut. 900 for the average family, 60-250k usd for the families making a million and more. Trump’s talent is that he gets away with it.
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@ who is going to pay that? Printing money, public debt. Trump already doubled public debt under trump 1.0.
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@TheKkpop1 30 years ago China did not have a cumulative 286% debt ratio 😂
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Modi was refused a visa to the US for 11 years for not preventing violence. If that isn’t a clear sign.
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@BlizzardzRS inflation is but one figure. Poverty rates are at an all time high. Let’s see how the next 2 years evolve.
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@mayankjoshi1217 of how serious his role in that genocide was
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You don’t need data for a policy so ludicrous
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@zacksmith5644 you mean vietnamese. Chinese companies outsource more and more production to cheaper countries as well. 24% of chinese college educated youth is jobless.
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@ I doubt if you take over one of the jobs an undocumented migrant is doing you will be able to buy one. One solution left for you, vote communist party, they’ll give you a house at half the price. If not, American capitalism: work 3 jobs to get the house and die at the age of 62.
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@ which jobs?
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@mayankjoshi1217 well, we all know there was much more to it.
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That’s because of Modi protection
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@riplikatlnloki5091 had, he lost half
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@turtlesoup8134 the chinese gov tries for a decade to encourage domestic consumption but fails. The Chinese put all their savings in bricks until they ran out of money and now 80 million empty homes are waiting.
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@turtlesoup8134 but consumption always remained below expectation
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@ are you seriously saying China is not outsourcing some of its production to Viet Nam where it is cheaper? You are right that 24% is too high, it is 18.8% a figure published by the Chinese national bureau of statistics. We do know that Chinese stats are a little bit patchy, so I may not be too far off.
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Of course the US will lose because the Maga electorate tolerates economic hardship less than the Chinese.
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Oh yeah, and Mozes is to blame for rising oceans because het split the red sea.
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@shreyparmar6264 sometimes a scapegoat is convenient
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A few incidents! Communities eradicated when another mosque was destroyed. There is a lot of violence in India and it goes unpunished. Maybe start there.
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