regardless there will be a pretty big rise in exports once we get the trade partners to drop their existing tariffs

But they aren't right now.

Definitely much more than prior. I think

A much better alternative is to raise the EITC

https://www.brookings.edu/blog/the-avenue/2017/04/18/the-earned-income-tax-credit-and-the-white-working-class/

The EU just added more "VATs" (tariffs)

Yeah no shit sherlock, we're in a trade war

alternative to raising the minimum wage

@Walter Johnson Why not just lower taxes?

I've always been infavor of just lower taxes instead of raising tax deductions or credits.

Seems more direct to me.

The people who benefit from EITC probably don't pay that much in taxs or at all

issue is we want to directly benefit workers

we do need to have credits and the such

I'm just saying don't get your hopes too high there FLanon, we've been out of the trade game since the 70s and now we want to get back in.

Hi just saying don't get your hopes too high there FLanon, we've been out of the trade game since the 70s and now we want to get back in., I'm Dad!

EITC is intended for the working poor

also, a Value Added Tax is not a trade barrier

There's a good chance we're going to get kicked in the teeth on this.

It's a tariff.

It's basically a tariff.

Whatever you import, that add a tax on top of it.

They also do it with products they export.

Which is ironic the EU. the place advocating for such liberal policies.

Has such protectionist trade policy.

Brussels wants to stay in charge I guess.

We'll see, I think Trump can manage to get the trading partners to lower their trade barriers, China's really heavily bleeding because of it

🆙 | **FLanon leveled up!**

You think so?

Yeah, this is basically what Trump was elected for.

No I mean

You think China is bleeding?

Of course they're bleeding

They still produce like 10x more steel than us.

Their industrial sector dwarfs ours.

Beijing is telling their real estate investors to sell their hotels

They reported their first deficit in trade since the 70s this quarter

Really?

I want to see that.

Yea

https://www.wsj.com/articles/chinese-real-estate-investors-retreat-from-u-s-as-political-pressure-mounts-1532437934