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Last post 4 years ago by DrafterX. 30 replies replies.
More tariffs...
victor809 Offline
#1 Posted:
Joined: 10-14-2011
Posts: 23,866
As if the damage he did with the last round of tariffs wasn't enough, short bus announced more. An of course, like all official government documents do, he did it over Twitter.

Yay.. more market tanking....

Donald J. Trump
@realDonaldTrump
"For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more. Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight....
...Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very....
...unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!). Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30%...
...Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!"
frankj1 Offline
#2 Posted:
Joined: 02-08-2007
Posts: 44,211
will be interesting to see how this breaks down in the usual partisan split as Dems had been the side pushing to level the field while the GOP always resisted.

did he really need to mention that he "is the Chosen One"?
ZRX1200 Offline
#3 Posted:
Joined: 07-08-2007
Posts: 60,477
Damage?

You mean winning....

I’m not tired yet.
victor809 Offline
#4 Posted:
Joined: 10-14-2011
Posts: 23,866
He loves the idea that some morons think he's the chosen one.
DrafterX Offline
#5 Posted:
Joined: 10-18-2005
Posts: 98,508
I witnessed the theft at the OTC in Houston a few years ago... they aren't shy.. even paint their bootleg products the same colors... I'm amazed at the fact that people don't think this is an issue... Mellow
ZRX1200 Offline
#6 Posted:
Joined: 07-08-2007
Posts: 60,477
Victor doesn’t think it’s an issue, he hates America and freedom and winning.
victor809 Offline
#7 Posted:
Joined: 10-14-2011
Posts: 23,866
Well drafter... Do you think it's worth tanking the economy over?
DrafterX Offline
#8 Posted:
Joined: 10-18-2005
Posts: 98,508
Maybe we should just nuke them instead... or just sit
back and do nothing like past admins... Mellow
tailgater Offline
#9 Posted:
Joined: 06-01-2000
Posts: 26,185
The tariffs are too much, too quickly.

We've been in an unbalanced trade situation with China for half my adult life.
That's not even debatable.

Trump's concept is spot on: balance it.

His directives, however, are counterproductive.
Doing it all at once will create as many problems as it solves.
America can't replace Chinese goods overnight.
Ramping up manufacturing, for instance, takes time and money and most importantly a long term plan.

And the reality of it is that the next liberal President will just give it all back. They'll use the same tools Trump is using (if necessary) to revoke the tariffs.
And it's so obvious that most companies wouldn't have invested in the efforts to ramp up to begin with.


Trump's vision of a fair and balanced trade situation with China needs to be a long term plan.
We should be blaming Obama and Bush and Clinton and Bush and so on.

The emperor (trade with China) has no clothes.
But how dare we say so.

opelmanta1900 Offline
#10 Posted:
Joined: 01-10-2012
Posts: 13,954
victor809 wrote:
As if the damage he did with the last round of tariffs wasn't enough, short bus announced more. An of course, like all official government documents do, he did it over Twitter.

Yay.. more market tanking....

Donald J. Trump
@realDonaldTrump
"For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more. Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight....
...Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very....
...unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!). Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30%...
...Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!"


What's with all the "..."s?
borndead1 Offline
#11 Posted:
Joined: 11-07-2006
Posts: 5,215
Tariffs are not the solution. The higher costs end up being paid by consumers; the same thing that happens any time government interferes in any industry (Obamacare).

Trump could tax Chinese imports at 100% and it would STILL be cheaper to manufacture most things in China.
victor809 Offline
#12 Posted:
Joined: 10-14-2011
Posts: 23,866
Opel, I'm not sure if he added those or if they are automatically added by that very presidential, extra official app called Twitter when you exceed the length of one tweet.

Because all presidential decrees are best when they use an app made popular by 13 year olds....
opelmanta1900 Offline
#13 Posted:
Joined: 01-10-2012
Posts: 13,954
borndead1 wrote:
Tariffs are not the solution. The higher costs end up being paid by consumers; the same thing that happens any time government interferes in any industry (Obamacare).

Trump could tax Chinese imports at 100% and it would STILL be cheaper to manufacture most things in China.

And why is that?
Speyside Offline
#14 Posted:
Joined: 03-16-2015
Posts: 13,106
Tariffs are of no value. If he wants a no prisoners taken battle with China over our massive trade imbalance he should put a total trade embargo in place. No imports, no exports. But this would cause devastation to both economy's as well as the rest of the world. I see no obvious solution.
frankj1 Offline
#15 Posted:
Joined: 02-08-2007
Posts: 44,211
tailgater wrote:
The tariffs are too much, too quickly.

We've been in an unbalanced trade situation with China for half my adult life.
That's not even debatable.

Trump's concept is spot on: balance it.

His directives, however, are counterproductive.
Doing it all at once will create as many problems as it solves.
America can't replace Chinese goods overnight.
Ramping up manufacturing, for instance, takes time and money and most importantly a long term plan.

And the reality of it is that the next liberal President will just give it all back. They'll use the same tools Trump is using (if necessary) to revoke the tariffs.
And it's so obvious that most companies wouldn't have invested in the efforts to ramp up to begin with.


Trump's vision of a fair and balanced trade situation with China needs to be a long term plan.
We should be blaming Obama and Bush and Clinton and Bush and so on.

The emperor (trade with China) has no clothes.
But how dare we say so.


he's had more support from (beyond) liberal Warren and Sanders than his own party on tariffs...and captains of industry considering profits as the only responsibility (ties in with another thread) who are mostly but not exclusively conservative have long pushed against actions so they could use (tribute to Opel) near-slave labor to save manufacturing costs.

It's probably been longer than half your adult life...

edit:
though I do agree with much of your post.
teedubbya Offline
#16 Posted:
Joined: 08-14-2003
Posts: 95,637
If only someone had been working towards a trade agreement in the pacific with a long view towards evening the playing field over time. Oh wait.

But it was s bad deal because someone said so. The same someone that thinks getting in to a trade war with a country that has direct control of their economy and takes a long view (as opposed to our political cycle) is a better idea.
frankj1 Offline
#17 Posted:
Joined: 02-08-2007
Posts: 44,211
teedubbya wrote:
If only someone had been working towards a trade agreement in the pacific with a long view towards evening the playing field over time. Oh wait.

But it was s bad deal because someone said so. The same someone that thinks getting in to a trade war with a country that has direct control of their economy and takes a long view (as opposed to our political cycle) is a better idea.

you ruined the moment...don't you hafta be in Alaska or something?
tailgater Offline
#18 Posted:
Joined: 06-01-2000
Posts: 26,185
frankj1 wrote:
he's had more support from (beyond) liberal Warren and Sanders than his own party on tariffs...and captains of industry considering profits as the only responsibility (ties in with another thread) who are mostly but not exclusively conservative have long pushed against actions so they could use (tribute to Opel) near-slave labor to save manufacturing costs.

It's probably been longer than half your adult life...

edit:
though I do agree with much of your post.


The trade imbalance is not a left or right issue.
And maybe you think I'm younger than I really am?
Or maybe I'm just bad at math.
Herfing
tailgater Offline
#19 Posted:
Joined: 06-01-2000
Posts: 26,185
teedubbya wrote:
If only someone had been working towards a trade agreement in the pacific with a long view towards evening the playing field over time. Oh wait.

But it was s bad deal because someone said so. The same someone that thinks getting in to a trade war with a country that has direct control of their economy and takes a long view (as opposed to our political cycle) is a better idea.


In all honesty I've never seen a long term plan that actually had a realistic goal of achieving any semblance of balance.

We've been embarrassed by our strength and wealth for many decades now, and our guilt has led to innumerable bad deals. And that's an optimistic statement, because the alternative is simply that the coffers have been on the take.

Both sides.




delta1 Offline
#20 Posted:
Joined: 11-23-2011
Posts: 28,754
Is the US federal government, with the POTUS at the top, really in position to direct and muzzle US corporate interests? it's the other way around, as the Big Recession taught us...our economy is a product of what the biggest of our industries want it to be: capitalism, which resists restraint by govt...

Trade deals with other nations aren't getting signed unless the biggest businesses involved are on board...
rfenst Offline
#21 Posted:
Joined: 06-23-2007
Posts: 39,112
I think Trump blew it on Chinese tariffs. We don't need a tit for tat when the economy is showing signs of weaker performance over the year or two to come.
tailgater Offline
#22 Posted:
Joined: 06-01-2000
Posts: 26,185
delta1 wrote:
Is the US federal government, with the POTUS at the top, really in position to direct and muzzle US corporate interests? it's the other way around, as the Big Recession taught us...our economy is a product of what the biggest of our industries want it to be: capitalism, which resists restraint by govt...

Trade deals with other nations aren't getting signed unless the biggest businesses involved are on board...


Good point.
So now we've got a situation where Trump's strength will become his weakness.
He'll genuflect to neither nation nor corporation as he shirks politics and makes his moves.

This is why I find all the Trump hate so suffocating. When his actions actually need an alternative voice everyone is already deaf from the constant blubbering.



frankj1 Offline
#23 Posted:
Joined: 02-08-2007
Posts: 44,211
tailgater wrote:
The trade imbalance is not a left or right issue.
And maybe you think I'm younger than I really am?
Or maybe I'm just bad at math.
Herfing


correct, not a left right issue.

I was sort of replying to this in your post:

"And the reality of it is that the next liberal President will just give it all back. They'll use the same tools Trump is using (if necessary) to revoke the tariffs."

sounded like you were defining opposing partisan views. I agree more with the newer post.

It's your complexion. You have such young looking skin.
frankj1 Offline
#24 Posted:
Joined: 02-08-2007
Posts: 44,211
tailgater wrote:
Good point.
So now we've got a situation where Trump's strength will become his weakness.
He'll genuflect to neither nation nor corporation as he shirks politics and makes his moves.

This is why I find all the Trump hate so suffocating. When his actions actually need an alternative voice everyone is already deaf from the constant blubbering.




absolutely all kidding aside, what is Trump's strength which we should be backing?
delta1 Offline
#25 Posted:
Joined: 11-23-2011
Posts: 28,754
unpredictability caused by ignorance of how the world works?

his recognition that his words have meaning, regardless of how nonsensical they are, and his child-like glee in using this power...
fishinguitarman Offline
#26 Posted:
Joined: 07-29-2006
Posts: 69,148
Long live Trump!

2020 is victory for our POTUS!

China is sucking money right out of our economy and MUST BE STOPPED!
frankj1 Offline
#27 Posted:
Joined: 02-08-2007
Posts: 44,211
China is our landlord!
Be careful or be evicted...HA!
rfenst Offline
#28 Posted:
Joined: 06-23-2007
Posts: 39,112
frankj1 wrote:
China is our landlord!
Be careful or be evicted...HA!

Meh, I didn't leave a deposit.
frankj1 Offline
#29 Posted:
Joined: 02-08-2007
Posts: 44,211
rfenst wrote:
Meh, I didn't leave a deposit.

then let's trash the place!
DrafterX Offline
#30 Posted:
Joined: 10-18-2005
Posts: 98,508
Watch out you might get what you're after
Boom babies strange but not a stranger
I'm an ordinary guy
Burning down the house.... Mellow
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