Is Trump going to raise tariffs just to pay money back to China?

Question

We owe China BIG time. Paying interest to China and the National Debt, as well as funding Ukraine, Israel, Illegal immigrants, and who knows who else, is it a wonder we can't take care of our infrastructure and fund mental health, lower drug costs, and feed our own poor and starving? How do you think we can afford all this without raising taxes for everyone and cutting services everywhere? Right now, Medicare is going down the tubes, and the Postal Service is also going to pot. They can't even get enough workers to do the job anymore. Stamps are now 78 cents, or was that yesterday?😯 I see hard times coming. ~😫~

DrPepper12 · Accepted Answer

Only 1/3 of budget is even discretionary. The U. S. federal budget for FY2022 was $6.3 trillion, representing 25.1% of GDP. Major spending categories included:

Medicare and Medicaid: $1.339 trillion (5.4% of GDP)

Social Security: $1.2 trillion (4.8% of GDP)

Non-defense discretionary spending: $910 billion (3.6% of GDP)

Defense Department: $751 billion (3.0% of GDP)

Net interest on debt: $475 billion (1.9% of GDP).

Mandatory spending, which includes Social Security and Medicare, makes up about two-thirds of the budget.

Yes. We need a COMPLETE overhaul of revenue sources & amounts and take Senate out of equation. House should excercise its perogitive and take budget formulation away from POTUS & tell POTUS to do what they've directed to spend $ on. Enough of this imperial presidency.

NaultD · Accepted Answer

If you owe the bank 100 that's your problem. If you own 100 billion that's the bank's problem.

We are using that intrest rate to force China to be invested in the United States. This is why China plays nice compared to Russia. Let's say China fucks around we in the US just rips up the notes and we are up trillion dollars in the war. That trillion will be used to embargo the China sea.

The end of the day the power of our dollar is more useful now compared to later. How we pay for it is with inflation.

Anonymous · Accepted Answer

Makes sense. We get rid of their debt while making China less rich through trade

saraupstairs · Accepted Answer

The guy in the video is quite possibly the dumbest person on Earth.

ohsheeT · Answer

Well you know what if that's what he's going to do that's very smart thing to do I have to give him that right there in somebody should have done that a long time ago because we owe China so much money it's unreal they already own a quarter of America and they have just regular people coming in and buying up land like it's going out of style that's very smart idea that's what he's doing

NYCQuestions1976 · Answer

Screw Communist China. Millions around the world died because of their negligence and lack of cooperation dealing with Covid.

Ariesman81 · Answer

Wikipedia definition of tariffs:
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry.

Massageman · Answer

This isn't to "pay money back to China". It's to balance trade and possibly persuade people to buy US products IF the prices are a better match. That remains a big IF.

exitseven · Answer

I think China will take a haircut on thr money it is owed because of damages from the Chinese Covid virus. It will be a good down payment.

Is Trump going to raise tariffs just to pay money back to China?

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