Tariffs on Chinese goods?

[Alpo]

Bug seems to have been to an ATM immersion therapy course.

 

[BugI02]

You can't turn the ship of state away from socialism without disturbing some of the barnacles attached to the ... exhaust. Has your flow of seawater been disturbed?

 

[Kutnupe14]

Bug seems to have been to an ATM immersion therapy course.

 

[Alpo]

Capitalism is a broad spectrum of possible economic transactions. Not all of them are ideal. Labeling something "socialism" is a very weak rebuttal and deserves the poor visual metaphor that seems to have been raised from the Depps.

 

[SheepDog4Life]

Lots of news media coverage of Trudeau and Canada on the tariff front. What is it really about? For one thing, Wisconsin in 2020 due to 270% Canadian tariffs on US dairy:

The Globe and Mail | A guide to understanding the dairy dispute between the U.S. and Canada
https://www.theglobeandmail.com/rep...ute-between-the-us-andcanada/article34802291/

 

[Kutnupe14]

Lots of news media coverage of Trudeau and Canada on the tariff front. What is it really about? For one thing, Wisconsin in 2020 due to 270% Canadian tariffs on US dairy:

The Globe and Mail | A guide to understanding the dairy dispute between the U.S. and Canada
https://www.theglobeandmail.com/rep...ute-between-the-us-andcanada/article34802291/

Did know that the US puts a 350% tariff on tobacco... and 130% on peanuts (160% if shelled). Nations tend to protect traditional industries. Dairy is one of those for Canada.

 

[SheepDog4Life]

Did know that the US puts a 350% tariff on tobacco... and 130% on peanuts (160% if shelled). Nations tend to protect traditional industries. Dairy is one of those for Canada.

Very true, and puts the lie to the "free trade" part of NAFTA. IIRC, US beet sugar is in there too, simultaneously highly protected with tarriffs on cane sugar and high subsidized, the double whammy to garner regional votes and campaign cash, I would guess is the reasoning.

Whatever the wisdom, or lack thereof, Trump's tariff-wars no doubt play well in Wisconsin (dairy) and rust belt states (auto/steel/aluminum) and further erode, possibly demolish, the "blue wall" in 2020.

 

[T.Lex]

From Drudge linkage:
https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings

Looks like Russia and China are playing some games with our treasuries. Probably some testing of how our markets will respond to certain selloffs.

 

[Thor]

Allowing our enemies to become major movers in our economy was a major mistake. Not too late to change but it's going to take some straight talk and might cause some pain.

 

[T.Lex]

Kinda along those same lines... both nature and foreign relations abhor a vacuum.

https://www.bbc.co.uk/news/business-44697662

Israel and China strengthening ties. This also follows up with an editorial I saw in the Global Times that China thinks they can help bring middle east peace.

 

[KLB]

Kinda along those same lines... both nature and foreign relations abhor a vacuum.

https://www.bbc.co.uk/news/business-44697662

Israel and China strengthening ties. This also follows up with an editorial I saw in the Global Times that China thinks they can help bring middle east peace.

I wish them luck in that endeavor. A few thousand years of hatred is so easy to push aside, dontcha know.

 

[BugI02]

Kinda along those same lines... both nature and foreign relations abhor a vacuum.

https://www.bbc.co.uk/news/business-44697662

Israel and China strengthening ties. This also follows up with an editorial I saw in the Global Times that China thinks they can help bring middle east peace.

May they live in interesting times

 

[T.Lex]

https://www.bbc.co.uk/news/business-44945112

Trump administration looking at $12B in aid to US farmers to diminish the impact of the tariffs.

Not sure where that money is coming from. The economy is going well, but not THAT well.

It also lends proof to my assertion all along that Trump, as a real estate mogul, is comfortable with high debt/highly-leveraged investments. He doesn't mind pushing up the national debt in the future for funding now.

That's not a value judgment, really, just an observation. If you like your debt, you can keep your debt.

 

[SheepDog4Life]

Marc Thiessen: Trump is using tariffs to advance a radical free-trade agenda | Fox News

Much of this opinion piece is on the mark. Most of our trading partners (and most of Washington establishment, for that matter), do not want free trade. They want to protect what's their's while expanding their export markets.

Zero taffiffs, barriers or subsidies = true free trade.

Will it happen? Doubtful. Too much money for too many interests. But free-er trade? Yeah, IMO it's coming.

 

[T.Lex]

This is the moment for trade that is free and fair for all.

If we continue to let our trade policy be dictated by special interests, then American workers will continue to be undermined, and public support for robust trade will continue to erode. That might make sense to the Washington lobbyists ... but it won’t help our nation compete. Allowing subsidized and unfairly traded products to flood our markets is not free trade.We cannot stand by while countries manipulate currencies to promote exports, creating huge imbalances in the global economy. We cannot let foreign regulatory policies exclude American products. We cannot let enforcement of existing trade agreements take a backseat to the negotiation of new ones. Put simply, we need tougher negotiators on our side of the table--to strike bargains that are good not just for Wall Street, but also for Main Street.

The current global trading system is distorted not only by barriers to entry in developing and emerging economies, but by the power of special interests in developed countries, including the US.

Words are easy.

 

[T.Lex]

https://www.bbc.com/news/business-46422320

Trump and Xi (maybe) agree on a standstill on imposing new tariffs or raising existing ones. Hopefully that bodes well.

In other news, I've heard from a couple friends in manufacturing that companies are basically just figuring out workarounds. European middle-men are making bank, but are still cheaper than direct importing under the tariffs. Those strategies are blunting the effect of the actual tariffs.

 

[Thor]

In other news, I've heard from a couple friends in manufacturing that companies are basically just figuring out workarounds. European middle-men are making bank, but are still cheaper than direct importing under the tariffs. Those strategies are blunting the effect of the actual tariffs.

Then they are fools at best traitors at worst, may they live in interesting times. Doing business with our enemies to make a quick buck. Public hanging should come back in style.

 

[T.Lex]

Then they are fools at best traitors at worst, may they live in interesting times. Doing business with our enemies to make a quick buck. Public hanging should come back in style.

You are certainly entitled to your opinion.

I can only speak for the people I know, who've spent careers building very successful businesses that employ... geez... at least hundreds, maybe thousands... and provide REALLY good products/services for their customers.

They don't deserve to get their livelihoods, and those who rely on them, ****ed with by an authoritarian narcissist, who for all we know is making money off of the Euro middle-men.

 

[Kutnupe14]

Then they are fools at best traitors at worst, may they live in interesting times. Doing business with our enemies to make a quick buck. Public hanging should come back in style.

I hope you're going a bit hyperbolic with the hanging comment. China may be a rival, but it's not an enemy.

 

[Thor]

You are certainly entitled to your opinion.

I can only speak for the people I know, who've spent careers building very successful businesses that employ... geez... at least hundreds, maybe thousands... and provide REALLY good products/services for their customers.

They don't deserve to get their livelihoods, and those who rely on them, ****ed with by an authoritarian narcissist, who for all we know is making money off of the Euro middle-men.

Every fish we buy from the ChiComs supports their domination of the SC Sea, their building reefs into military bases, their promotion of the Belt and Road plan to dominate their neighbors and eventually the planet. Paying our enemies to fulfill their plans is the path of a fool...apparently that's the common path.