Trump trade wars

It is all a lose, lose situation.

Time for everyone with any common sense to get rid of this moron of a POTUS. His base is as dumb as him not to recognize the damage that will be inflicted to the USA.

Trump is also a trade enemy of Canada, and wants to screw us as well. Yet these Canadian traitors who love what he is doing to Canada and are his cult followers, think that it is somehow going to help Canada.

Disgusting!!

Frankfooter said:

$200 billion in more sanctions for China!
http://thehill.com/policy/finance/3...entative-to-prepare-tariffs-on-additional-200

Is it time for a poll on how this ends?

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So it ok for China to steal USA intellectual property without any consequences meanwhile it causes billions dollars loses for USA ???



U.S. goods and services trade with China totaled an estimated $648.5 billion in 2016. Exports were $169.8 billion; imports were $478.8 billion. The U.S. goods and services trade deficit with China was $385 billion in 2016.

China is currently our largest goods trading partner with $578.2 billion in total (two way) goods trade during 2016. Goods exports totaled $115.6 billion; goods imports totaled $462.6 billion. The U.S. goods trade deficit with China was $347.0 billion in 2016.

PS Trump should hit China with another $347 billion in tariffs !!!

PPS USA Only export $169.8 billion to China and after they China can only put tariffs to max of $169.8 billion dollar. Any tariffs by China over $169.8 will not able to hurt USA anymore. meanwhile they USA can put more tariffs to max of $347 billions !!

PPS Who will blinks first!! it a no brainer!! China will blinks first!! if only trump keep putting more tariffs until it hit $347 billions dollars!!

Amazing how 20 years ago the champions of the left marched in Seattle against globalization.

And then the EU tied it to immigration. On behalf of corporations. The big multinationals. And suddenly globalization unfettered was good.

Butler1000 said:

Amazing how 20 years ago the champions of the left marched in Seattle against globalization.

And then the EU tied it to immigration. On behalf of corporations. The big multinationals. And suddenly globalization unfettered was good.

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Are you implying that it’s “the left” who are criticizing the tariffs? Seriously? Are you THAT clueless?

PornAddict said:

So it ok for China to steal USA intellectual property without any consequences meanwhile it causes billions dollars loses for USA ???



U.S. goods and services trade with China totaled an estimated $648.5 billion in 2016. Exports were $169.8 billion; imports were $478.8 billion. The U.S. goods and services trade deficit with China was $385 billion in 2016.

China is currently our largest goods trading partner with $578.2 billion in total (two way) goods trade during 2016. Goods exports totaled $115.6 billion; goods imports totaled $462.6 billion. The U.S. goods trade deficit with China was $347.0 billion in 2016.

PS Trump should hit China with another $347 billion in tariffs !!!

PPS USA Only export $169.8 billion to China and after they China can only put tariffs to max of $169.8 billion dollar. Any tariffs by China over $169.8 will not able to hurt USA anymore. meanwhile they USA can put more tariffs to max of $347 billions !!

PPS Who will blinks first!! it a no brainer!! China will blinks first!! if only trump keep putting more tariffs until it hit $347 billions dollars!!

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Of course it’s not ok for China to steal IP. How do these tariffs address that?

Further, you seem to be unaware of who pays the tariffs. Essentially Trump is imposing a tax on imported goods. This tax will ultimately be paid by the US consumer. And if you think US manufacturers can step in to fill the gap, think again. Unemployment is already low and excess production capacity is low as well. That’s why a major trade war is lose/lose.

PornAddict said:

So it ok for China to steal USA intellectual property without any consequences meanwhile it causes billions dollars loses for USA ???



U.S. goods and services trade with China totaled an estimated $648.5 billion in 2016. Exports were $169.8 billion; imports were $478.8 billion. The U.S. goods and services trade deficit with China was $385 billion in 2016.

China is currently our largest goods trading partner with $578.2 billion in total (two way) goods trade during 2016. Goods exports totaled $115.6 billion; goods imports totaled $462.6 billion. The U.S. goods trade deficit with China was $347.0 billion in 2016.

PS Trump should hit China with another $347 billion in tariffs !!!

PPS USA Only export $169.8 billion to China and after they China can only put tariffs to max of $169.8 billion dollar. Any tariffs by China over $169.8 will not able to hurt USA anymore. meanwhile they USA can put more tariffs to max of $347 billions !!

PPS Who will blinks first!! it a no brainer!! China will blinks first!! if only trump keep putting more tariffs until it hit $347 billions dollars!!

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Problem is, a great deal of those goods are inputs into US exports, so US exports will become less competitive. In the meantime the reduction of the trade deficit will also drive up the USD which will make US goods even LESS competitive. It will all look good but when the spiral starts, it will take several years to reverse.

essguy_ said:

Of course it’s not ok for China to steal IP. How do these tariffs address that?

Further, you seem to be unaware of who pays the tariffs. Essentially Trump is imposing a tax on imported goods. This tax will ultimately be paid by the US consumer. And if you think US manufacturers can step in to fill the gap, think again. Unemployment is already low and excess production capacity is low as well. That’s why a major trade war is lose/lose.

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How do you think Trump intends to pay for that massive tax cut. I think you have your answer. What is 20% of 300B? 60B/year. The tariffs are like a consumption tax, but a hidden one, its actually quite clever but could create long term distortions in the US economy which will make it less competitive.

Frankfooter said:

Trump threatens a 20% tariff on EU cars.
https://www.cnn.com/2018/06/22/politics/trump-tariffs-european-autos/index.html

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GM To Build Blazer In Mexico Despite Trump Anger

It appears the Trump touch - the President's ability to browbeat individual companies into cancelling planned factory closures or expanding production in the US - is beginning to fade. To wit, General Motors on Friday openly defied President Trump, who has criticized automakers for building cars abroad, by revealing that it's going to move ahead with plans to build the new Chevy Blazer SUV in Mexico, according to Reuters.

Trump has been pushing car companies to build more vehicles in the US as negotiations with Mexico and Canada over NAFTA have continued, despite increasing concerns on all sides that a deal to preserve the trade agreement might prove illusive. A spokesperson for GM said the company remains "committed" to working with the administration. "We remain committed to working with the administration on a modernized NAFTA," GM spokesman Pat Morrissey said, adding the decision was made years ago.

Way back in January 2017, before Trump's swearing-in, the then-president elect instigated a fight with GM, accusing the company of shipping Mexican-made cars into the US tax free, to be sold to US consumers.

Frankfooter said:

Trump threatens a 20% tariff on EU cars.
https://www.cnn.com/2018/06/22/politics/trump-tariffs-european-autos/index.html

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More of his moronic bravado. He is inescapable of apologizing and likewise he is pathologically adverse to being seen as backing down as it shows weakness which is anathema to his personality. Nothing he does is based on sound well reasoned policy.

Frankfooter said:

Totally, its like he didn't expect anybody to retaliate and now that every country has he has to up the trade wars or look weak.
So stupid.

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His moronic sense of what is macho requires him double downs on everything regardless of the consequences.

bver_hunter said:

It is all a lose, lose situation.

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On this part of it at least I agree.

PornAddict said:

So it ok for China to steal USA intellectual property without any consequences meanwhile it causes billions dollars loses for USA ???

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Reality is not an one sided story, and it evolves. Simply put, what are the Americans going to do about it?

http://www.atimes.com/article/president-trump-moves-to-navarro-navarro-land/

Keep in mind.....

https://images.google.com/imgres?im...M:&vet=1&w=1021&h=586&hl=en-us&source=sh/x/im

I'm kind of disappointed with the "experts" on TERB. The candidate Trump and President Trump repeated often enough what was his objective- fair trade. He's on the record asking for the tariffs free international trade. It's not like he has some hidden agenda. The tariffs free exchange is the stated goal, the problem is getting there. Of course how can we get there, if his fellow leaders don't even acknowledge his goal? And I can understand the reluctance on the Canadian part. It's been 150 years and we still don't even have free trade between provinces. I don't think that completely free trade is achievable because there are too many political interests tied up in the subsidy racket, but it is possible to come close enough. And there is also the main consideration for Trump's push for tariffs elimination. The American tax and regulatory environment would give them a massive advantage over other economies and force huge changes in order to stay competitive.