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Jim Tankersley @jimtankersley
, 8 tweets, 1 min read Read on Twitter
"Tunas, not elsewhere specified..."

Lotta fish in the next wave of proposed Trump tariffs on China: ustr.gov/sites/default/…
"Boat or dock fenders, whether or not inflatable, of noncellular vulcanized rubber other than hard rubber"
"Sheep or lamb skins, without wool on, tanned but not further prepared, in the dry state (crust)"
"Dog leashes, collars, muzzles, harnesses and similar dog equipment, of any material"
"Batting gloves, of leather or of composition leather"
"Hair-nets of any material, whether or not lined or trimmed"
"Hammers and sledge hammers, with heads over 1.5 kg each, and base metal parts thereof"

"Antiques of an age exceeding one hundred years"
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More from @jimtankersley see all

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This is a chart of Q1 tax revenues (personal+corp+payroll) by fiscal year. Not adjusted for inflation.

FY 2019 is the first period when the Trump tax cuts were fully in effect.

No, the cuts aren't "paying for themselves."
Allow me one more chart on this.
We now know the full extent of tax receipts for calendar year 2018, the first year the Trump Tax Cuts were fully in place.

Receipts FELL by 1 percent, even though economic growth accelerated.
Read 6 tweets
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So Robert Samuelson has a column today arguing that wage stagnation is a myth -- not because of inflation measurements, but bc CBO shows strong post-tax/transfer income gains for the bottom quintile in recent years. Is he right? Let's go to the charts! 1/
First, here's his argument: That actually, income gains have been broad based. (He toggles between 1980 or 2000 as the starting point) 2/
What does CBO say? The following charts are all taken from their recent report -- cbo.gov/system/files?f… -- that is the basis for the column. All numbers through 2015. 3/
Read 9 tweets
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The economy is booming. Hardly any congressional candidates -- anywhere, from either party -- are bragging about it in ads. Me, from Ohio (with data): nytimes.com/2018/07/27/us/…
In OH-12, btw, Danny O'Connor is showing us the Dem blueprint for talking abt the tax bill in R-leaning districts this fall:
*Rip into corporate cuts
*Raise concerns about the deficit
*Warn abt cuts to Social Security
*Say they'll keep middle class cuts (but don't dwell on it)
Also, voters in Ohio care about the deficit.
Read 4 tweets

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Hold my coffee...
So what happened to the tri-lateral “NAFTA talks” oh that’s right, that’s so May 2017
Link to @USTradeRep letters to Congress
ustr.gov/sites/default/…
NAFTA BY LAW IS A TRILATERAL TRADE DEAL
-Trump offers no actual details
-Congress has zero ratification or Mod to current laws
-Canada isn’t even mentioned
THIS IS A DISTRACTION
It’s 🐂💩
Remember North Korea & denuclearization?
nothing from Congress
Read 4 tweets
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A senior administration officials says @POTUS wants duties increased from 10% to 25% t on #China products due to that country’s unfair trading practices. "We gave them many, many opportunities over a year to address our concerns...we have obviously not seen movement from them."
"They responded by threatening us with their own tariffs" covering almost 40 percent of US imports, says US official. "They started with these unfair trading practices."
#China continuing to "double down and double down and double down on unfair trading practices," says senior administration official. @POTUS "very concerned" Beijing "has decided to retaliate in a whole range of ways."
Read 10 tweets
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I somewhat disagree again to goes back to the foreign trade policy the Trump Admin recently published.
The fact some economist are down playing this, that gives me considerable pause
Wait for it....
See pages 385 thru 401
Come on now, it’s not that hard. All of this is publicly available and “official” USTR positions
Once again Russia proves to be out thinking & strategically hoodwinking the current Administration

ustr.gov/sites/default/…
The fact that the @USTradeRep own webpage regarding Russia hasn’t been updated since Obama left office should have the MSM and reporters who specialize in the economy and trade asking “why”?
ustr.gov/Russia
Read 5 tweets
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This is bananas.
USDA data 1985 -2016

27,930 farmer/recipients at least $19.2 billion.
Ave payment for the 32-year period was $687,204.
Marsh Farms of Sondheimer, La. = $11.3 million
FTR Trump lied about the EU “trade deal”
All talk no action beyond destruction
ewg.org/agmag/2018/05/…
The Russian Active Measures coming from @realDonaldTrump and @USDA and @SecretarySonny has to be called what it is
Blatant lies AND buying Votes
Note “aid” ETA mid-October just a few weeks before the MidTerms
In 2015 the bottom almost fell out of Soybeans
nasdaq.com/markets/soybea…
Read 7 tweets
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"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets
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1. On China Trade

President Trump hits the nail on its head. This is the key issue for WTO to address. All other tariffs related issues arise from this font.
2. After its accession to the World Trade Organization (WTO) in 2001, China was supposed to revise hundreds of laws, regulations and other measures to bring them into conformity with its WTO obligations, as required by the terms set forth in its Protocol of Accession.
3. U.S. policymakers hoped that the terms set forth in China’s Protocol of Accession would dismantle existing state-led policies and practices that were incompatible with an international trading system expressly based on open, market-oriented policies.
Read 18 tweets

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