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    TRADE WAR ON: Trump rolls out China tariffs

    Yahoo Finance
    June 15, 2018

    Yahoo Finance’s Alexis Christoforous, Ethan Wolff-Mann, Dion Rabouin and Jared Blikre discuss today’s big stories. 

    Today’s topics include:

    • Trump slaps 25% tariffs on $50B in Chinese imports
    • Kentucky sues Walgreens for alleged role in opioid crisis
    • Google unveils workplace diversity report
    • Judge to consider revoking Manafort’s bail
    • Rep. Scalise takes the field at congressional baseball practice
    • AT&T, Time Warner close $85B merger
    • Facebook policy chief Elliot Schrage exiting
    • Ford’s May sales slide 29% in China
    • Adobe beats for 8th straight quarter
    • McDonald’s switching to paper straws
    • Blue Apron opens its first pop-up store
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    Tax Refund Fiasco Is Political Payback For Republicans

    taikibansei: Every dollar devoted to the middle class causes the economy to grow three times faster than a dollar for the rich, according to statistics kept at the nonpartisan Congressional Budget Office. Millionaires save more of their income gained by tax cuts. Middle-class families spend more. Lower taxes for the rich leave deficits that must be paid for by the middle class. Factor in this also: study after study (look it up) has found that the bigger the tax breaks the corporations get, the more likely they are to send jobs overseas. (The story about GM last year--record profits, lots of government financial support, but closed plants and NO domestic hiring--being a great example.)

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