The Briefing Room
General Category => National/Breaking News => Topic started by: edpc on July 20, 2018, 12:06:14 pm
-
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.
"I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.
The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data.
https://www.yahoo.com/finance/news/trump-says-apos-apos-ready-100900482.html (https://www.yahoo.com/finance/news/trump-says-apos-apos-ready-100900482.html)
-
It will be fun to hear all the screaming, wailing and gnashing of teeth when everything containing plastic and electronic components triples in price.
Kiss that 'tax cut' goodbye in spades. Ought to really help that economy roar back.
-
It will be fun to hear all the screaming, wailing and gnashing of teeth when everything containing plastic and electronic components triples in price.
Kiss that 'tax cut' goodbye in spades. Ought to really help that economy roar back.
MAGA!!!
-
" triples in price."
Oh my sides. Someone doesn't understand manufacturing.
-
The tariff, theoretically, makes the American product price competitive. However, buying the Chinese product gets you the item, plus, the US government collects the tariff. That would allow funding for the wall to build it through M - whatever the F that means. Seems like a win-win for the Trump supporting American consumer!
-
"Tariffs do very well at protecting the consumer, they protect the consumer from lower prices. " - Milton Freidman.
-
" triples in price."
Oh my sides. Someone doesn't understand manufacturing.
Someone doesn't understand who pays the tariffs.
-
It will be fun to hear all the screaming, wailing and gnashing of teeth when everything containing plastic and electronic components triples in price.
Kiss that 'tax cut' goodbye in spades. Ought to really help that economy roar back.
It isn't just the crap you buy at Wal Mart. The easy ability to import inexpensive goods has caused a boom in small business reselling those goods. I like to use the example of women's clothing botiques. They seem to be popping up all over the place. Within a block of my office, three or four are open and booming. All of these are locally owned by middle class families. Without sites to import at low prices like Alibaba, they likely wouldn't have been able to start up. So it isn't just the cost of goods you directly buy that are impacted, but local businesses as well.
I challenge everything to take a ten minute drive around your town and spot every locally owned business that opened in the past 5 years. I will bet a vast majority get most of their inventory from imports.
-
"Tariffs do very well at protecting the consumer, they protect the consumer from lower prices. " - Milton Freidman.
Serious question - how do you propose we deal with a nation that innovates by stealing our technology, who's government has its fingers in every area of production and manipulates its currency to maintain a balance of trade advantage, using the money to fuel an increasingly aggressive international military posture?
-
Serious question - how do you propose we deal with a nation that innovates by stealing our technology, who's government has its fingers in every area of production and manipulates its currency to maintain a balance of trade advantage, using the money to fuel an increasingly aggressive international military posture?
I'll repeat it again. Repeal the Clinton imposed permanent most favored nation trading status. The money they get from that is what fuels their aggressive tactics we see today.
Treat them the way we did during the cold war. There ARE national security implications to what China is doing...and imposing tariffs that hurt us more than it hurts them is not smart on our part.
-
Serious question - how do you propose we deal with a nation that innovates by stealing our technology, who's government has its fingers in every area of production and manipulates its currency to maintain a balance of trade advantage, using the money to fuel an increasingly aggressive international military posture?
I think we really shouldn't go there about a country that artificially manipulates it's currency to maintain a trade, or other advantage. We wrote the book on it and it has been our policy for a century.
If this was a game board, that's a rule we wrote on how to play.
-
I'll repeat it again. Repeal the Clinton imposed permanent most favored nation trading status. The money they get from that is what fuels their aggressive tactics we see today.
Treat them the way we did during the cold war. There ARE national security implications to what China is doing...and imposing tariffs that hurt us more than it hurts them is not smart on our part.
Doesn't Most Favored Nation status mean the recipient country gets lower tariffs? Revoking it means raising tariffs?
BTW if we treated them like we did during the cold war we scarcely trade with them at all.
-
I'll repeat it again. Repeal the Clinton imposed permanent most favored nation trading status. The money they get from that is what fuels their aggressive tactics we see today.
Treat them the way we did during the cold war. There ARE national security implications to what China is doing...and imposing tariffs that hurt us more than it hurts them is not smart on our part.
I agree. Tariffs are going to cost Americans (that can ill afford higher costs right now) more than they will cost China. There has to be a better way and perhaps that is either it or part of the solution.
And personally? I would repeal EVERY damned thing the Clintons (and Obama) did.... if possible.
-
As a quick reminder, all taxes, and duties (tariffs) must originate in Congress per Article 1, Section 8 of the Constitution.
The Trade Expansion Act of 1962 does give the president the authority to enact tariffs in an emergency, but he is required under section 2 of that act to submit them for congressional approval within 60 days.
Let's see if he follows the law. So far he hasn't on prior tariffs.
-
It isn't just the crap you buy at Wal Mart.
No. Anything that has component parts imported for manufacturing like plastic, computer boards and chips and everything that we NO LONGER MANUFACTURE here stateside because it is cost-prohibitive to manufacture due to regulations and taxation - we are going to be soon paying through the nose for.
Which, as I said, kills whatever minuscule 'tax cut' you think you got to enjoy.
-
I'll repeat it again. Repeal the Clinton imposed permanent most favored nation trading status. The money they get from that is what fuels their aggressive tactics we see today.
Treat them the way we did during the cold war. There ARE national security implications to what China is doing...and imposing tariffs that hurt us more than it hurts them is not smart on our part.
@txradioguy
I don't think Trump can do that on his own authority which is why he is pretty much reduced to tariffs at present and even that is on shaky ground Constitutionally.
-
No. Anything that has component parts imported for manufacturing like plastic, computer boards and chips and everything that we NO LONGER MANUFACTURE here stateside because it is cost-prohibitive to manufacture due to regulations and taxation - we are going to be soon paying through the nose for.
Which, as I said, kills whatever minuscule 'tax cut' you think you got to enjoy.
Not just that, it is the actual machinery we use to manufacture goods domestically. That US tie maker is likely to use Chinese made sewing machines. That locally owned grocery store, only selling locally produced products, is using Chinese refrigerators.
-
No. Anything that has component parts imported for manufacturing like plastic, computer boards and chips and everything that we NO LONGER MANUFACTURE here stateside because it is cost-prohibitive to manufacture due to regulations and taxation - we are going to be soon paying through the nose for.
Which, as I said, kills whatever minuscule 'tax cut' you think you got to enjoy.
So, get rid of the job-killing/business-killing regulations, bring back manufacturing to America and offer folks willing to work for a lower salary and benefits a job in manufacturing. I bet a helluva lot of Americans would be willing to work under that scenario.... especially when presented as a means to get cheaper goods without having to import them. No?
-
@txradioguy
I don't think Trump can do that on his own authority which is why he is pretty much reduced to tariffs at present and even that is on shaky ground Constitutionally.
It isn't shaky ground in the Constitution, it is clear and not questionable that they must go through Congress per Article 1 Section 8.
I think the only reason Congress hasn't said anything yet is either to wait to see sentiment or they don't want to cross unions who love protectionism.
-
It will be fun to hear all the screaming, wailing and gnashing of teeth when everything containing plastic and electronic components triples in price.
Kiss that 'tax cut' goodbye in spades. Ought to really help that economy roar back.
Tariffs are simply a tax. IMO Trump supporters, who claim they are for lower taxes are suddenly for tariffs, simply because "their guy" is for them. Many of these same folks claim to be for smaller government yet think government intervention here is just fine just because "their guy" is for it. I think had Obama implemented these tariffs many of these same folks would have been against them.
-
"President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise."
A day without a chinaman's product on the shelves will be a good day!
-
No. Anything that has component parts imported for manufacturing like plastic, computer boards and chips and everything that we NO LONGER MANUFACTURE here stateside because it is cost-prohibitive to manufacture due to regulations and taxation - we are going to be soon paying through the nose for.
Which, as I said, kills whatever minuscule 'tax cut' you think you got to enjoy.
Whats stopping US companies from moving manufacturing to another country offering lower costs? Thats the way the market works.
China is highly vulnerable here. Far more than we are. The less we make ourselves voluntarily economically dependent upon our most likely military adversary the better. IMO.
-
So, get rid of the job-killing/business-killing regulations, bring back manufacturing to America and offer folks willing to work for a lower salary and benefits a job in manufacturing. I bet a helluva lot of Americans would be willing to work under that scenario.... especially when presented as a means to get cheaper goods without having to import them. No?
Pass a SINGLE bill (HR25) currently lingering in the House Ways and Means Committee and the problem is permanently solved! Why won't they do that? Because it takes away their power to manipulate us (social engineering)!
-
What part of the threat: “should the need arise,†do the critics in the peanut gallery not recognize as tactics of a skilled negotiator?
While tariffs can create temporary price instability, as part of a carrot and stick approach, they can also force a recalcitrant trading partner back to the table, and in the long run boosting American industry.
Maybe after we get a better deal out of China, the peanut gallery can afford to buy their fainting couches from the good old USA.
-
Someone doesn't understand who pays the tariffs.
Just so you know. If an iPhone costs $500, it doesn't cost $500 for it to be put together. Much of the cost is R&D and software
-
Pass a SINGLE bill (HR25) currently lingering in the House Ways and Means Committee and the problem is permanently solved! Why won't they do that? Because it takes away their power to manipulate us (social engineering)!
They.... meaning the RINOs in Congress, that is. Right? The solution is there. It's even obvious... to most rational, thinking Americans. But Congress won't do it. Which is why we have dysfunctional government.... again. Even if/when the GOP is in majority control.... we can't get what needs to be done accomplished. It sucks.
-
Just so you know. If an iPhone costs $500, it doesn't cost $500 for it to be put together. Much of the cost is R&D and software.
Funny you should mention that product. Tim Cook has been communicating with Trump over the tariffs. Cook was also a guest at the Macron state dinner. There's been some debate as to whether a side deal was made not to place tariffs on Apple products from China. Navarro says he had "no knowledge" of any deal and Apple declined to comment.
https://www.cnbc.com/2018/06/19/white-houses-navarro-on-china-trade-talks-no-knowledge-of-apple-iphone-exemption.html (https://www.cnbc.com/2018/06/19/white-houses-navarro-on-china-trade-talks-no-knowledge-of-apple-iphone-exemption.html)
-
So, get rid of the job-killing/business-killing regulations, bring back manufacturing to America and offer folks willing to work for a lower salary and benefits a job in manufacturing. I bet a helluva lot of Americans would be willing to work under that scenario.... especially when presented as a means to get cheaper goods without having to import them. No?
DeeCee is never going to let go of their power and let that happen. Never.
Our days as a manufacturing giant are over, unless or until this entire Beast of a government is stripped of what they have become.
And that is not going to happen without a whole lot of bloodshed and misery. Too much money, too much power and control is in the hands of the fed beast, and they are not going to permit it to be taken from them without a whole lot of hurt.
-
A day without a chinaman's product on the shelves will be a good day!
Welcome to a reality of empty shelves.
-
They.... meaning the RINOs in Congress, that is. Right? The solution is there. It's even obvious... to most rational, thinking Americans. But Congress won't do it. Which is why we have dysfunctional government.... again. Even if/when the GOP is in majority control.... we can't get what needs to be done accomplished. It sucks.
Swamp dwellers of all stripes! The current tax system is the basis for their cottage industry, selling favors under the tax code for campaign cash!
-
Welcome to a reality of empty shelves.
And what exactly can you not live without?
-
Just so you know. If an iPhone costs $500, it doesn't cost $500 for it to be put together. Much of the cost is R&D and software
I look forward to all the outrageous screaming that is going happen when the cost of a smartphone/cellphone and computers/components/TVs/Gaming consoles are beyond what your average Joe Sixpack can afford with this fun trade war Trump has started with everyone.
I will then remind everyone that they applauded it.
Of course then I fully expect the Trump side to lobby the government to do something to subsidize the consumer and get prices 'lower' again.
Kinda like when the government tried to lower cable rates.
-
And what exactly can you not live without?
Exactly what Obama, Hillary and Communists will tell us.
-
I look forward to all the outrageous screaming that is going happen when the cost of a smartphone/cellphone and computers/components/TVs/Gaming consoles are beyond what your average Joe Sixpack can afford with this fun trade war Trump has started with everyone.
I will then remind everyone that they applauded it.
Of course then I fully expect the Trump side to lobby the government to do something to subsidize the consumer and get prices 'lower' again.
Kinda like when the government tried to lower cable rates.
Keep a tight grip on your pearls my man!
-
And what exactly can you not live without?
Have you chosen to make the sacrifice yourself? I assume you are using a cell phone or computer to post here. A vast majority of the components are from China.
Heck, you can't even have something with a Lithium battery without it likely being from China as we don't mine it domestically and there are only a couple of places in the world to get it.
So how about leading by example and discarding all Chinese component products you have, starting with the computer you are on now.
-
Have you chosen to make the sacrifice yourself? I assume you are using a cell phone or computer to post here. A vast majority of the components are from China.
Heck, you can't even have something with a Lithium battery without it likely being from China as we don't mine it domestically and there are only a couple of places in the world to get it.
So how about leading by example and discarding all Chinese component products you have, starting with the computer you are on now.
It's becoming apparent that like the Left, Trump supporters believe that some animals are more equal than others.
You and I must 'do without' to save the country - while they get to enjoy what they want while the rest of us have to do without or pay extra for.
-
Swamp dwellers of all stripes! The current tax system is the basis for their cottage industry, selling favors under the tax code for campaign cash!
What we really need IMO is someone actually serious about “drain the swamp†in 2020. Not just someone who uses things like “drain the swampâ€, “lock her upâ€, “Mexico will pay for the wallâ€, "small government", and “proposing a term limit Constitutional Amendment in the first 100 days†as campaign slogans but someone who is actually willing to use the bully pulpit of the Presidency to push for these type of policies.
-
What we really need IMO is someone actually serious about “drain the swamp†in 2020. Not just someone who uses things like “drain the swampâ€, “lock her upâ€, “Mexico will pay for the wallâ€, "small government", and “proposing a term limit Constitutional Amendment in the first 100 days†as campaign slogans but someone who is actually willing to use the bully pulpit of the Presidency to push for these type of policies.
Ted Cruz
-
Ted Cruz
I get that, but I also think he'd still be hampered by insiders like McConnell. When Ted came in, it was on the Tea Party wave. Those types remaining in Congress have yet to be fully embraced by the party.
-
Ted Cruz
@Bigun :beer:
I'd not only vote for Ted Cruz, I'd work for his campaign, AND donate to his campaign. I sure hope he's the Republican nominee in 2020!
:thumbsup:
-
Ted Cruz
Barring an unforseen non-Vatican-sanctioned miracle.... we're never going to get Ted Cruz (as CIC). Might as well grasp that reality and put the dream to bed. This right here right now is probably the best we can do and the best it's gonna get..... ie staving off the leftist assault on America, temporarily. JS....
-
Barring an unforseen non-Vatican-sanctioned miracle.... we're never going to get Ted Cruz (as CIC). Might as well grasp that reality and put the dream to bed. This right here right now is probably the best we can do and the best it's gonna get..... ie staving off the leftist assault on America, temporarily. JS....
Given the rules manipulation at the last Republican National convention, you are likely right unless he opted to run as an independent or third party candidate.
-
Ted Cruz
888high58888
-
Keep a tight grip on your pearls my man!
New term "Morality Peacock."
Jeff Flake. James Comey. John Brennan.
along with assorted #nevertrumpers, spouting their lofty rhetoric. TOP FORTY HIT:
"I'm Not Going to Vote for You AGAIN, Mr. Trump" Sha Bop, Sha Bop.
-
"Tariffs do very well at protecting the consumer, they protect the consumer from lower prices. " - Milton Freidman.
:thumbsup:
-
Have you chosen to make the sacrifice yourself? I assume you are using a cell phone or computer to post here. A vast majority of the components are from China.
Heck, you can't even have something with a Lithium battery without it likely being from China as we don't mine it domestically and there are only a couple of places in the world to get it.
So how about leading by example and discarding all Chinese component products you have, starting with the computer you are on now.
Now you are just talking crazy. Get a grip on reality. There is nothing going to happen to make your life, or mine, more difficult because of these tariffs. Just because you say it will does not make it true. Get back to us in a year Mr. Kreskin. Till then go bend some spoons with the power of your mind.
-
Now you are just talking crazy. Get a grip on reality. There is nothing going to happen to make your life, or mine, more difficult because of these tariffs. Just because you say it will does not make it true. Get back to us in a year Mr. Kreskin. Till then go bend some spoons with the power of your mind.
There's been a tremendous destruction of stock market value as a result of Trump's tariffs. I firmly believe that his policies on deregulation and tax cuts have spurred the stock market. He deserves credit for that IMO (the talk about giving Obama credit is complete nonsence IMO); however, if he gets credit for the upside, I believe he deserves credit for the downside of his economically crazy tariffs:
President Donald Trump's tough trade tactics and rhetoric have caused the destruction of more than $1 trillion in market value, according to J.P. Morgan's top quantitative strategist.
"By attributing the trade-related news flow (positive or negative) to the performance of the U.S. market, we estimated the impact on U.S. equities to be negative 4.5 percent" since March, J.P. Morgan's Marko Kolanovic said in a note Wednesday. "Taking the current market capitalization, this translates into $1.25 trillion of value destruction for U.S. companies. For a comparison, this is about two-thirds of the value of total fiscal stimulus."
https://www.cnbc.com/2018/06/06/trumps-tough-trade-talk-has-cost-the-market-an-estimated-1-trillion.html (https://www.cnbc.com/2018/06/06/trumps-tough-trade-talk-has-cost-the-market-an-estimated-1-trillion.html)
-
Now you are just talking crazy. Get a grip on reality. There is nothing going to happen to make your life, or mine, more difficult because of these tariffs.
Right, because taxing the consumer never hurts anyone.
It's become like arguing with Leftists anymore when it comes to all the apologists for Trump.
-
Right, because taxing the consumer never hurts anyone.
It's become like arguing with Leftists anymore when it comes to all the apologists for Trump.
Right. Like you are a ray of sunshine these days.
-
IF the economy slows or we enter a recession due to Trumps rambunctious tariffs you know he'll blame the Fed for raising interest rates too soon.
-
Doesn't Most Favored Nation status mean the recipient country gets lower tariffs? Revoking it means raising tariffs?
@skeeter
No it doesn't mean having to raise any tariffs a country with MFN status does enjoy lower import duty fees and very few if any tariffs. It also allows the fewest trade barriers, and the highest import quotas (or none at all).
It's allowed China unfettered access to our markets with no limits or restrictions on how much they can ship to our shores. They dump cheap products in this country by the container full and companies in the U.S. take all they can get.
It's done more to hurt American industry than it has to help it. Because while it's supposed to be reciprocal meaning if we give China unlimited access to our markets...they do the same for us...that hasn't been the case. The Chinese have exploited their MFN status to their advantage and our detriment.
BTW if we treated them like we did during the cold war we scarcely trade with them at all.
I have no problem with that. They are stealing billions of dollars of intellectual property from our companies every year...they hack defense contractors and steal plans for advanced weapons systems...and they are aggressively expanding what they deem as territorial waters IMHO in a definite and determined effort to create an impenetrable barrier for when they pull the trigger on retaking Taiwan.
They aren't our friends...they are very clearly an enemy that needs to be recognized as such...I learned while I was in Korea that the Chinese play a very very long game when it comes to geopolitics...they believe they are the real world power because they've been around as a people much longer than anyone else...and they are patiently biding their time...massing their resources...marshalling their forces for the time and place they determine for when they re-establish themselves as the one and only power in Asia.
-
@txradioguy
I don't think Trump can do that on his own authority which is why he is pretty much reduced to tariffs at present and even that is on shaky ground Constitutionally.
@Bigun
Clinton granted it on his own. After lobbying by big business and over the objections of the likes of Nancy Pelosi and George Mitchell.
At the very least we put the brakes on the current levels of imports we take in from them. Like the Russians with their oil and gas sales they use to fund their expansionist goals and upgrade their military...China uses the billions they rake in from their unlimited trade with the U.S. as well as what they steal from us every year to do the same thing in Asia.
If you want to hurt them...tariffs won't do it...they can absorb that hit better than we can...but if you cut off or severely strangle their imports into the U.S. that will hurt them where it counts.
-
Right. Like you are a ray of sunshine these days.
I like to rain on liberalism, Leftism, Marxism, Big Government Statism and Communism every single time I see it.
Especially on those who call themselves Conservatives who espouse the same kindof garbage and talking points the Left does.
-
I like to rain on liberalism, Leftism, Marxism, Big Government Statism and Communism every single time I see it.
Especially on those who call themselves Conservatives who espouse the same kindof garbage and talking points the Left does.
I got your new avatar:
(https://i.pinimg.com/236x/75/c4/cf/75c4cf0b5ad20061f444daa9d3f3c461--eeyore-quotes-pooh-bear.jpg)
-
Just a pathetic distraction from his sex addiction troubles.
-
Just a pathetic distraction from his sex addiction troubles.
I see what you did there. :beer:
-
Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US
In other words, Trump is ready to artificially increase prices on American consumers and thus lower their standard of living.
-
And what exactly can you not live without?
Ah, the words of a totalitarian.
-
Ah, the words of a totalitarian.
You must have me confused with one of the deep staters big government types we have on the site ... you know, a never trumper.
-
You must have me confused with one of the deep staters big government types we have on the site ... you know, a never trumper.
Uh, no. I recognize you as a supporter of the exact same policies Baraq Obama implemented, and one who questions the freedom of a consumer to purchase any product available on the market without being singled out by selective authoritarian taxation.
-
Uh, no. I recognize you as a supporter of the exact same policies Baraq Obama implemented, and one who questions the freedom of a consumer to purchase any product available on the market without being singled out by selective authoritarian taxation.
I think you've been hitting the crack pipe.
-
What part of the threat: “should the need arise,†do the critics in the peanut gallery not recognize as tactics of a skilled negotiator?
While tariffs can create temporary price instability, as part of a carrot and stick approach, they can also force a recalcitrant trading partner back to the table, and in the long run boosting American industry.
Maybe after we get a better deal out of China, the peanut gallery can afford to buy their fainting couches from the good old USA.
Excellent post. The fact is that China needs us way more than we need them. And because of this, they WILL negotiate a deal that is better for America.
Until they do, however, it is important to recognize that the Chinese are deeply unfair:
- They put very little money into research and development...instead they steal American technology and then sell it to other countries, undercutting American prices for the same product.
- The tariffs on items imported from America is way out of balance. I was in Shanghai in 2016...almost no American cars - they were all European.
The present Chinese leadership is almost as radical as it was under Mao, only the present Chinese military is far more modernized and just as aggressive. South China sea. The border with India. Buying up seaports, including the Panama canal. Aggressive investment in Africa. Every cheap product purchased through Walmart helps China expand.
-
@INVAR
@mystery-ak
Thank goodness I just ordered two pair of PJs, one blue, one pink, and one pick robe and one blue robe - I'm sure they are made in China. Ladies, order your gowns, PJs, robes quickly! INVAR, you probably sleep in the nude, but if not, get those PJs now!
-
@skeeter
No it doesn't mean having to raise any tariffs a country with MFN status does enjoy lower import duty fees and very few if any tariffs. It also allows the fewest trade barriers, and the highest import quotas (or none at all).
It's allowed China unfettered access to our markets with no limits or restrictions on how much they can ship to our shores. They dump cheap products in this country by the container full and companies in the U.S. take all they can get.
It's done more to hurt American industry than it has to help it. Because while it's supposed to be reciprocal meaning if we give China unlimited access to our markets...they do the same for us...that hasn't been the case. The Chinese have exploited their MFN status to their advantage and our detriment.
I have no problem with that. They are stealing billions of dollars of intellectual property from our companies every year...they hack defense contractors and steal plans for advanced weapons systems...and they are aggressively expanding what they deem as territorial waters IMHO in a definite and determined effort to create an impenetrable barrier for when they pull the trigger on retaking Taiwan.
They aren't our friends...they are very clearly an enemy that needs to be recognized as such...I learned while I was in Korea that the Chinese play a very very long game when it comes to geopolitics...they believe they are the real world power because they've been around as a people much longer than anyone else...and they are patiently biding their time...massing their resources...marshalling their forces for the time and place they determine for when they re-establish themselves as the one and only power in Asia.
We disagree on very little here.
-
I think you've been hitting the crack pipe.
Keep in mind that I am not the one here supporting Obama's (and now Trump's) tariff policy. But hey, if you are in favor of raising taxes on average Americans just like every other Democrat, have at it.
-
Clinton granted it on his own.
@txradioguy
It was part of the Republican Party platform, to encourage cultural exchange that would move them toward a free-market economy and open society.
-
INVAR, you probably sleep in the nude,
You been talking with my wife haven't you?
-
I got your new avatar:
(https://i.pinimg.com/236x/75/c4/cf/75c4cf0b5ad20061f444daa9d3f3c461--eeyore-quotes-pooh-bear.jpg)
I got yours right here:
(https://www.hamous.org/wp-content/uploads/Trump-Obama-Mask-1.jpg)
-
@txradioguy
It was part of the Republican Party platform, to encourage cultural exchange that would move them toward a free-market economy and open society.
Yup and after Tienamen Square it was very dumb of Bush 41 to pursue that strategy. It legitimized the Chinese and how they did business in their country. Clinton just picked up where H.W. left off and we're all paying for it now.
-
I got yours right here:
(https://www.hamous.org/wp-content/uploads/Trump-Obama-Mask-1.jpg)
That was the best you could do? You are slipping my man. ^-^
-
@INVAR
China can't match us dollar for dollar on the tariffs, given the trade deficit size. However, one potential weapon is something you mentioned in another thread regarding Russia...
China is one of the largest holders of U.S. Treasurys, owning about $1 trillion of bonds in 2017, according to the Federal Reserve. Like most investors, it wants to stash greenbacks in something safe and U.S. bonds are still solid investments. However, if the Chinese government gets pushed too far, it could decide to sell off its holdings or stop buying new U.S. bonds — and that could have a significant impact on the U.S. economy. “It’s the nuclear option,†Hooper said.
https://www.cnbc.com/amp/2018/07/19/4-lethal-weapons-china-has-to-help-win-the-us-china-trade-war.html (https://www.cnbc.com/amp/2018/07/19/4-lethal-weapons-china-has-to-help-win-the-us-china-trade-war.html)
-
@INVAR
China can't match us dollar for dollar on the tariffs, given the trade deficit size. However, one potential weapon is something you mentioned in another thread regarding Russia...
Exactly. The timing of Russia dumping 70% of their remaining Treasuries within hours of Trump doing his 180 on Putin was not a coincidence IMO.
Whether they can convince China to take the hit to ultimately take us down and out has yet to be seen, but the real risk is there.
Especially after Trump telling us yesterday that he will tariff everything coming from China.
-
I find it ludicrous that anyone expects a country with GDP per capita one fourth that of the United States to purchase as much goods from us that we purchase from them.
-
That was the best you could do? You are slipping my man. ^-^
I got plenty for you.
(https://swordattheready.files.wordpress.com/2016/07/trumpnork.jpg)
-
Especially after Trump telling us yesterday that he will tariff everything coming from China tax any American who buys something from China.
There. Fixed it.
-
There. Fixed it.
Yeah but TARIFF sounds more Trumpian and Pro-American than stating what it plainly is.
Because you know, as was asked above - why can't you do without if you cannot afford to pay more in taxes to the Beast in D.C.?
-
Because you know, as was asked above - why can't you do without if
Sounds like something Goebbels would ask.
-
@INVAR
China can't match us dollar for dollar on the tariffs, given the trade deficit size. However, one potential weapon is something you mentioned in another thread regarding Russia...
China is one of the largest holders of U.S. Treasurys, owning about $1 trillion of bonds in 2017, according to the Federal Reserve. Like most investors, it wants to stash greenbacks in something safe and U.S. bonds are still solid investments. However, if the Chinese government gets pushed too far, it could decide to sell off its holdings or stop buying new U.S. bonds — and that could have a significant impact on the U.S. economy. “It’s the nuclear option,†Hooper said.
https://www.cnbc.com/amp/2018/07/19/4-lethal-weapons-china-has-to-help-win-the-us-china-trade-war.html (https://www.cnbc.com/amp/2018/07/19/4-lethal-weapons-china-has-to-help-win-the-us-china-trade-war.html)
Everyone seems to forget that Obama got China to buy a bunch of bonds to fund our debt and his spending increases early in his tenure.
-
I got plenty for you.
(https://swordattheready.files.wordpress.com/2016/07/trumpnork.jpg)
You're not even trying. I'm hurt.
-
You're not even trying. I'm hurt.
Of course you're 'hurt'.
(https://swordattheready.files.wordpress.com/2016/05/trump-zombies.jpg)
Being a mob zombie is not exactly pleasant I am told.
I mean all those twists of pretzel logic you have to contort yourself into to keep believing' in Trump.
-
Of course you're 'hurt'.
(https://swordattheready.files.wordpress.com/2016/05/trump-zombies.jpg)
Being a mob zombie is not exactly pleasant I am told.
I mean all those twists of pretzel logic you have to contort yourself into to keep believing' in Trump.
Nah I'm no Zombie. More of a Mummy actually. Zombies usually work in packs, but mummies are loners. Zombies are stupid creatures who have trouble figuring out "stairs" and "doorknobs," but mummies can usually figure out complex problems and solutions using the alignment of the stars and some sort of advanced calculus. Mummies usually make their prey look stupid because they themselves are intelligent, but zombie prey ends up looking even stupider because apparently seeing a zombie always makes people do the stupidest things possible in order to get caught (Example: If zombies attack a neighborhood and start killing normals left and right, there will always be a few incredibly stupid bleep who, after already making it safely to their car or panic room, insist upon emerging from their safety to save either their cat [who will survive anyway] or their neighbor [who is already moaning in pain from already being eaten by a zombie]). The good news about this is that when these stupid buttheads get bitten and eaten by zombies themselves, they will become even dumber zombies, and thusly give regular and smart normals more time to escape.
So there you have it.
-
Maybe it is some type of zombie thing. Why else would someone embrace the exact same policy that Bernie Sanders campaigned on in 2016?
-
We'll be right back after this Brief Commercial Break
(https://i0.kym-cdn.com/photos/images/original/000/937/259/07b.jpg)
-
Nah I'm no Zombie. More of a Mummy actually.
Oh I can see that.
(https://images-na.ssl-images-amazon.com/images/I/51LIIAdtm%2BL.jpg)
All wrapped up in a cult of personality that is nothing but a curse of mystifying walking dead ash.
-
Oh I can see that.
(https://images-na.ssl-images-amazon.com/images/I/51LIIAdtm%2BL.jpg)
All wrapped up in a cult of personality that is nothing but a curse of mystifying walking dead ash.
Leave my ash out of this.
-
Nah I'm no Zombie. More of a Mummy actually. Zombies usually work in packs, but mummies are loners. Zombies are stupid creatures who have trouble figuring out "stairs" and "doorknobs," but mummies can usually figure out complex problems and solutions using the alignment of the stars and some sort of advanced calculus. Mummies usually make their prey look stupid because they themselves are intelligent, but zombie prey ends up looking even stupider because apparently seeing a zombie always makes people do the stupidest things possible in order to get caught (Example: If zombies attack a neighborhood and start killing normals left and right, there will always be a few incredibly stupid bleep who, after already making it safely to their car or panic room, insist upon emerging from their safety to save either their cat [who will survive anyway] or their neighbor [who is already moaning in pain from already being eaten by a zombie]). The good news about this is that when these stupid buttheads get bitten and eaten by zombies themselves, they will become even dumber zombies, and thusly give regular and smart normals more time to escape.
So there you have it.
You seem more like a Mummy Fluffer to me!
-
Leave my ash out of this.
Be careful, I am pretty sure that @Frank Cannon has the license and monopoly on street-level humor on this board. In fact, his lawyers are named Guido, wear snakeskin boots with a lot of gold bling and drive white Cadillacs.
They may give you a cease and desist visit which usually involves bowling pins, duct tape, quick-dry cement and gasoline.
-
There is no epidsodial proof that @Frank Cannon can survive being shot, Mannix got shot 4 times and survived. /JS
-
Be careful, I am pretty sure that @Frank Cannon has the license and monopoly on street-level humor on this board. In fact, his lawyers are named Guido, wear snakeskin boots with a lot of gold bling and drive white Cadillacs.
They may give you a cease and desist visit which usually involves bowling pins, duct tape, quick-dry cement and gasoline.
I'm new here. I didn't know he was "Mobbed Up"
-
You seem more like a Mummy Fluffer to me!
I'm a Mummy Daddy
(https://i.pinimg.com/originals/03/c9/60/03c9608d605324eea90b1922646af29e.jpg)
-
I'm new here. I didn't know he was "Mobbed Up"
He owns most of the Section 8 firetraps in the country.
And he is proud of that feat which requires hard-line management techniques.
Oh, he also has his own microbrewery and medicinal marijuana nursery.
-
He owns most of the Section 8 firetraps in the country.
And he is proud of that feat which requires hard-line management techniques.
Oh, he also has his own microbrewery and medicinal marijuana nursery.
Sounds like a renaissance man. A real go getter. A winner. I bet he is a Trump Supporter.
-
Bullets bounced off of Barnaby Jones.
-
Sounds like a renaissance man. A real go getter. A winner. I bet he is a Trump Supporter.
Of course he is.
He is the guy who invented Corinthian Leather and then trademarked the word "Rich" to be used exclusively with his patent.
He was the guy who put up Ricardo's grandparents in his first flat before Lil' Ricky had his first acting job. They were friends ever since, and got to work as a gaffer on Fantasy Island for a few years after they cancelled his show.
-
Of course he is.
He is the guy who invented Corinthian Leather and then trademarked the word "Rich" to be used exclusively with his patent.
He was the guy who put up Ricardo's grandparents in his first flat before Lil' Ricky had his first acting job. They were friends ever since, and got to work as a gaffer on Fantasy Island for a few years after they cancelled his show.
I think you are making that part up. Lil' Ricky must be 70 by now.
-
I think you are making that part up. Lil' Ricky must be 70 by now.
You got that right. And he calls himself Rickie now.
(https://myjourneyto100.com/wp-content/uploads/2013/05/viola-smith-2012-extra1.ashx_.jpeg)
-
Be careful, I am pretty sure that @Frank Cannon has the license and monopoly on street-level humor on this board. In fact, his lawyers are named Guido, wear snakeskin boots with a lot of gold bling and drive white Cadillacs.
They may give you a cease and desist visit which usually involves bowling pins, duct tape, quick-dry cement and gasoline.
Cadillacs? I don't deal with slip and fall lawyers. Mine drive Lexus's.
-
.... and medicinal marijuana nursery.
Actually working on a dispensary license as we speak.
-
I think you are making that part up. Lil' Ricky must be 70 by now.
Ricardo is dead my friend.
-
Actually working on a dispensary license as we speak.
Ingenious. I knew you had the vending business locked up tight, but daaaaammmnnnnnnnn........................
-
I'd like to try some of your Stash Frank if you can ship across state lines.
-
I'd like to try some of your Stash Frank if you can ship across state lines.
Where do you think Amazon got the bright idea to use Drones to ship packages?
That's right.
Frank is ahead of the curve... and the Feds if he can outrun them and bury his accountants where sunlight may never find their bones again.
-
Ricardo is dead my friend.
When you said "Lil Ricky" I thought you were referring to Desi Arnaz Jr. And he is still alive.
-
When you said "Lil Ricky" I thought you were referring to Desi Arnaz Jr. And he is still alive.
Desi Sr and Jr. were never spokesmen for Chrysler.
-
Desi Sr and Jr. were never spokesmen for Chrysler.
And neither was Frank Cannon. Are you day drinking?
-
Franks always been partial to GM rust around the rear window and the quarter panels.
(https://barnfinds.com/wp-content/uploads/2016/02/quartersoff5.jpg)
-
And neither was Frank Cannon. Are you day drinking?
Au contraire.
! No longer available (http://www.youtube.com/watch?v=gFJnLIDqFXc#)
-
And neither was Frank Cannon. Are you day drinking?
Who do you think sold Chrysler the rights to use his patented Rich Corinthian Leather?
Not to mention his long resume of voice-over work.
-
Most favored nation status should never have been renewed with China, finally, someone standing up to the wrongs.
-
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.
"I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.
The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data.
https://www.yahoo.com/finance/news/trump-says-apos-apos-ready-100900482.html (https://www.yahoo.com/finance/news/trump-says-apos-apos-ready-100900482.html)
Great. Literally everything I buy is electronic and made in China. Thanks Trump.
I guess it's my own damn dumb fault I voted for you.
-
It isn't just the crap you buy at Wal Mart. The easy ability to import inexpensive goods has caused a boom in small business reselling those goods. I like to use the example of women's clothing botiques. They seem to be popping up all over the place. Within a block of my office, three or four are open and booming. All of these are locally owned by middle class families. Without sites to import at low prices like Alibaba, they likely wouldn't have been able to start up. So it isn't just the cost of goods you directly buy that are impacted, but local businesses as well.
I challenge everything to take a ten minute drive around your town and spot every locally owned business that opened in the past 5 years. I will bet a vast majority get most of their inventory from imports.
:hands:
The MAGA-bleep that post on this forum will just never understand the benefits of trade like this, resellers and such.
-
:hands:
The MAGA-bleep that post on this forum will just never understand the benefits of trade like this, resellers and such.
As you know, I am hardly a “MAGA-bleepâ€....but the trade imbalance has been so ridiculously out of whack for decades, that we needed a president to rein that back in and push a more America first viewpoint. And it needs to be pushed until we aren’t as reliant on all that cheap Chinese shit and some of those industries return to our shores....and yes it will be somewhat painful for all sides of the equation, but we must remove ourselves, to whatever extent we can, from the possibility of being bent over the barrel.
-
As you know, I am hardly a “MAGA-bleepâ€....but the trade imbalance has been so ridiculously out of whack for decades, that we needed a president to rein that back in and push a more America first viewpoint. And it needs to be pushed until we aren’t as reliant on all that cheap Chinese shit and some of those industries return to our shores....and yes it will be somewhat painful for all sides of the equation, but we must remove ourselves, to whatever extent we can, from the possibility of being bent over the barrel.
:facepalm:
This will do nothing but make things more expensive for working people, it will not return jobs to American shores, automation has rendered those jobs redundant long ago. But nobody could expect you magatards to be intelligent about economics.
Good lord are you dumb.
-
As you know, I am hardly a “MAGA-bleepâ€....but the trade imbalance has been so ridiculously out of whack for decades, that we needed a president to rein that back in and push a more America first viewpoint. And it needs to be pushed until we aren’t as reliant on all that cheap Chinese shit and some of those industries return to our shores....and yes it will be somewhat painful for all sides of the equation, but we must remove ourselves, to whatever extent we can, from the possibility of being bent over the barrel.
The thing people don’t seem to understand...is that in a true free market economy you’ll never ever have perfectly balanced trade with other nations. There will always be something we want more of from one country than they want to import from us and the other way around.
-
The thing people don’t seem to understand...is that in a true free market economy you’ll never ever have perfectly balanced trade with other nations. There will always be something we want more of from one country than they want to import from us and the other way around.
DING DING DING !!! WE HAVE A WINNER !!!
It baffles me to no end to hear others expecting a nation with a standard of living one-fourth that of the United States to purchase the same amount of goods from us that we purchase from them.
-
But nobody could expect you magatards to be intelligent about economics.
Good lord are you dumb.
'Magatards'? Correction there sir, Axeslinger is NOT a member of the Trump brigade.
And he is hardly dumb, even though I disagree with his position here.
-
DING DING DING !!! WE HAVE A WINNER !!!
It baffles me to no end to hear others expecting a nation with a standard of living one-fourth that of the United States to purchase the same amount of goods from us that we purchase from them.
I honestly don't know why people are so wrong on the simplest level of knowledge of economics and government that I've known about since High School.
At some point I have to believe it's willful ignorance in order to further the politics of the guy they voted for.
There is no other explanation.
-
I was reading about this earlier, Larry Kudlow seems at the forefront working on this tariff business. He seems to know his stuff.
-
Just this March......
Kudlow: Mr. President, tariffs are really tax hikes
President Trump genuinely believes that his steel and aluminum tariffs will save thousands of blue collar jobs.
Steel and aluminum may win in the short term, but steel and aluminim users and consumers will lose. In fact tariff hikes are really tax hikes, Larry Kudlow writes.
https://www.cnbc.com/2018/03/03/kudlow-mr-president-tariffs-are-really-tax-hikes.html (https://www.cnbc.com/2018/03/03/kudlow-mr-president-tariffs-are-really-tax-hikes.html)
-
Looks like Trump does not want to limit his economic war to be limited to trade and tariffs, but a currency war as well.
This ought to be fun as the consequences of this begin to unravel upon our heads - the worlds largest debtor nation with nearly a hundred trillion in debt with a fiat currency based on borrowing more debt and deficit spending to the tune of trillions each year.
We are only afloat because the rest of the nations in the world are worse off. But once that reserve currency status ends and the world moves away from the Dollar - the real fun will begin. Russia and China dumping treasury notes might just be the beginning.
Currency War Breaks Out After Trump Accuses China and Europe of Manipulation (https://www.breitbart.com/big-government/2018/07/20/currency-war-breaks-out-after-trump-hits-china-and-europe-for-manipulation/)
President Donald Trump changed the conversation on Friday from trade war to currency war when he tweeted that China and the European Union are “manipulating their currencies and interest rates lower.â€
Wall Street’s top currency analyst, Jens Nordvig, told Bloomberg that “Trump’s rhetoric over the last 24 hours is certainly shifting this from a trade war to a currency war.â€
-
Just this March......
Kudlow: Mr. President, tariffs are really tax hikes
President Trump genuinely believes that his steel and aluminum tariffs will save thousands of blue collar jobs.
Steel and aluminum may win in the short term, but steel and aluminim users and consumers will lose. In fact tariff hikes are really tax hikes, Larry Kudlow writes.
https://www.cnbc.com/2018/03/03/kudlow-mr-president-tariffs-are-really-tax-hikes.html (https://www.cnbc.com/2018/03/03/kudlow-mr-president-tariffs-are-really-tax-hikes.html)
I think anyone who wants to truly get educated about tariffs, their history, and what a couple of economists, who advised Trump think about them, should read the above CNBC Commentary by Lawrence Kudlow, Arthur B. Laffer, and Stephen Moore. One key passage was as follows:
But even if tariffs save every one of the 140,000 or so steel jobs in America, it puts at risk 5 million manufacturing and related jobs in industries that use steel. These producers now have to compete in hyper-competitive international markets using steel that is 20 percent above the world price and aluminum that is 7 to 10 percent above the price paid by our foreign rivals.
In other words, steel and aluminum may win in the short term, but steel and aluminum users and consumers will lose. In fact, tariff hikes are really tax hikes.
‎ Some of those 5 million jobs will be put in harm's way. And if they sell less to foreigners, the trade deficit goes up, not down.
-
Glad I got my Lenovo just in perfect time.
-
Looks like Trump does not want to limit his economic war to be limited to trade and tariffs, but a currency war as well.
This ought to be fun as the consequences of this begin to unravel upon our heads - the worlds largest debtor nation with nearly a hundred trillion in debt with a fiat currency based on borrowing more debt and deficit spending to the tune of trillions each year.
We are only afloat because the rest of the nations in the world are worse off. But once that reserve currency status ends and the world moves away from the Dollar - the real fun will begin. Russia and China dumping treasury notes might just be the beginning.
Soros was behind the Euro manipulation that made it stronger than the U.S. dollar...wouldn't surprise me if he helped the ChiComs too.