Trump Announces New Tariffs On Chinese Imports

[Benton]

(03-22-2018, 08:42 PM)BmorePat87 Wrote: No, it's 100% the tariffs. 

In the long run it will hurt the US and the market is reflecting that. We're a nation of consumers not manufacturers. Not to mention China can use Trump's legal strategy of outlasting people who sue him when he scams them. Xi Jinping will be President for life, Trump will not be. He doesn't have to worry about the ramifications of this trade war in 2 years. 

The problem is you can’t just be consumers without having something you produce. That’s just dollars flowing out. We have to make something, be it innovation, manufactured goods, etc. since the 80s we’ve steadily dropped off in what we sell to other countries... outside of old munitions. And having garage sale prices on weapons isn’t doing much for our economy.

[Au165]

(03-26-2018, 10:09 AM)Benton Wrote: The problem is you can’t just be consumers without having something you produce. That’s just dollars flowing out. We have to make something, be it innovation, manufactured goods, etc. since the 80s we’ve steadily dropped off in what we sell to other countries... outside of old munitions. And having garage sale prices on weapons isn’t doing much for our economy.

Here is a good example explaining the "Balance of Payments" and why the trade deficit doesn't really exist, at least in the way most people believe it does. Basically, that "deficit" is what drives foreign investment in the U.S. . We very narrowly view it in terms of goods but the influx of money in the finance side is still money returning to our economy. 

http://www.aei.org/publication/worried-about-trade-deficits-dont-they-are-job-generating-foreign-investment-surpluses-for-a-better-america/

[BmorePat87]

(03-26-2018, 10:09 AM)Benton Wrote: The problem is you can’t just be consumers without having something you produce. That’s just dollars flowing out. We have to make something, be it innovation, manufactured goods, etc. since the 80s we’ve steadily dropped off in what we sell to other countries... outside of old munitions. And having garage sale prices on weapons isn’t doing much for our economy.

(03-26-2018, 10:28 AM)Au165 Wrote: Here is a good example explaining the "Balance of Payments" and why the trade deficit doesn't really exist, at least in the way most people believe it does. Basically, that "deficit" is what drives foreign investment in the U.S. . We very narrowly view it in terms of goods but the influx of money in the finance side is still money returning to our economy. 

http://www.aei.org/publication/worried-about-trade-deficits-dont-they-are-job-generating-foreign-investment-surpluses-for-a-better-america/

Au explains it well. We need to stop thinking of selling tangible products as the only metric of trade and growth. Investments, services, and intangible products are important too. 

[*Nately120*]

(03-26-2018, 01:09 PM)BmorePat87 Wrote: Au explains it well. We need to stop thinking of selling tangible products as the only metric of trade and growth. Investments, services, and intangible products are important too. 

No way, the future of this country lies in bringing back coal mining jobs...not using our brains to think up science-ey crap. 

[ballsofsteel]

(03-26-2018, 01:41 PM)Nately120 Wrote: No way, the future of this country lies in bringing back coal mining jobs...not using our brains to think up science-ey crap. 

You make a good point. With Drumph trying to do away with the  EPA , and all the regulations that were governing the coal industry such as air scrubbers and such, do you realize how much money that will save the coal companies?  They could hire thousands of people. Drumph will keep his word.

[*bfine32*]

Seems this stuff might be working.

[*Nately120*]

(03-27-2018, 12:10 AM)bfine32 Wrote: Seems this stuff might be working.

Good.  Trump and his fanbase are going to declare victory no matter what, so it may as well actually benefit the country for a change.

[BmorePat87]

https://www.forbes.com/sites/phillevy/2018/03/26/korea-deal-shows-emptiness-of-trump-trade-agenda/#375be08147cb


Sucks that we're screwing with our economic future just so someone can score empty "wins".

[Au165]

....and we are off to the races.

https://www.npr.org/sections/thetwo-way/2018/04/02/598730606/china-hits-back-on-trade-dispute-slapping-tariffs-on-128-u-s-products

[fredtoast]

(03-27-2018, 12:10 AM)bfine32 Wrote: Seems this stuff might be working.

How?

[Au165]

We have now had multiple volleys back and forth with threats of more tariffs from both sides. I think this is kind of the whole thing about not getting into a trade war we were all concerned about.

[CKwi88]

(04-06-2018, 08:56 AM)Au165 Wrote: We have now had multiple volleys back and forth with threats of more tariffs from both sides. I think this is kind of the whole thing about not getting into a trade war we were all concerned about.

Concerned? Trade wars are good....and easy to win.

#winning

[*Nately120*]

(04-06-2018, 09:54 AM)CKwi88 Wrote: Concerned? Trade wars are good....and easy to win.

#winning

Agreed. We'll have this trade war wrapped up faster than that whole war-war we started some 17 years ago.  Don't forget the war on drugs.  That was wrapped up with a successful bow quickly, too.

So many wars, so much winning. When I think of all the times Obama surrendered to our enemies and let everyone kick our butts and laugh at us it just makes me sick. Now we are finally waging war. Good for us. We're such victims.