Bringing him back was like giving whisky and car keys to a teenager.
But that simile assumes the person is a teenager, and not a petulant toddler.
Trump's Tariffs and Possible Trade War
- Thread starter Huckleberry
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Bringing him back was like giving whisky and car keys to a teenager.
But that simile assumes the person is a teenager, and not a petulant toddler.
This is not governing or negotiating. This is just unbridled brinkmanship. A lot of people and businesses our agricultural industries will be irreparably harmed...
104% Tariffs on all Chinese Imports on Wednesday
104% Tariffs on all Chinese Imports on Wednesday
I wonder when we will start to see prices effected on Refrigerators, Ranges, Washers, TVs etc
Yep, there's the rub.
Even if the protectionist arguments were completely valid, how long would it take Westinghouse to build a factory in the US, train employees and get product to market if they started today?
Now we have this...
It might as well be an embargo between the 2 nations at this tariff rate.
China Imposes 84% Tariff on US Exports
It might as well be an embargo between the 2 nations at this tariff rate.
China Imposes 84% Tariff on US Exports
Since China runs a decades-long trade surplus with the US, this does seem to be more self-defeating for China than the US.
On the other hand, when FDR imposed a oil embargo on another western Pacific military power, they reacted by starting a world war and invading every country in the neighborhood.
Which one has more shelf life, production or consumption? We are about to find out. Im betting production in a communist country has more shelf life...
US-China trade imbalance since 1985.
The data stops at 2023. If a total trade embargo happens, China would be saying "No, no. You keep your $279B/year. We do not want your money."
China can soften that blow by trying to new buyers. The rest of the world is about to have a bunch of Chinese products dumped on them at fire sale prices.
Long term, can China afford to have hundreds of millions of un-employed or under-employed workers? Peter Zeihan has argued that labor shortages have driven up wages in China and I have no reason to doubt him, so maybe a trade war would not hurt China as much as it would 10 or 20 years ago.
The data stops at 2023. If a total trade embargo happens, China would be saying "No, no. You keep your $279B/year. We do not want your money."
China can soften that blow by trying to new buyers. The rest of the world is about to have a bunch of Chinese products dumped on them at fire sale prices.
Long term, can China afford to have hundreds of millions of un-employed or under-employed workers? Peter Zeihan has argued that labor shortages have driven up wages in China and I have no reason to doubt him, so maybe a trade war would not hurt China as much as it would 10 or 20 years ago.
For clarity, what do you mean by "shelf-life" of production or consumption? "Shelf-life" normally means how good a on a shelf remains good and when it becomes no loinger consumable.
I do not understand what it means in this context.
Kevin O'Leary: "They [China] cheat, they steal, they steal IP. I can’t litigate in their courts. They take product technologyâ€â€they steal it, they manufacture it, and sell it back here."
I mean if you shutdown our consumption v their production which one can go longer doing without...
At this stage it's nothing more than one big urinating contest.
Isn't the trade deficit with China our own dang fault? The constant chasing of the cheapest products we can find by the American consumer has spurred China's growth. The rise of Walmart would probably mirror the rise of that trade deficit graph pretty closely.
Common sense would say those who produce could "outlast" those who consume. The monkey in the wrench in the whole ordeal is this...Are those who produce willing to lose billions of dollars in business to those who consume? It is like I always tell the car salesman when negotiating, "I know you got to make some money, but you don't have to make it all from me". It will be interesting to see how this turns out.
99% of the problems that exist are our own dang fault, ie immigration, border security, trade deficit, tariff imbalance, etc. That doesn't mean that we don't need to address it and fix it.
A tax on the American people is not the way to fix it. We are never going to see eye to eye on this. You love Trump and everything he does. I hate Trump and everything he does.
This. We've put ourselves in this position and have no one to blame but our government.
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