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Trade wars, Middle East, Immigration and general catch up

Posted on 1/3/19 at 9:32 pm
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/3/19 at 9:32 pm
1) If the potential negative impact of the trade war will have on the American people is not apparent to you now then it never will be and I don't care and will not try to change your mind.

The tariffs are an attempt to help protect a small number of large multinational companies wishing to sell into and invest into China. That is all there about. Read the 301 directive.

Advocating for ending tariffs on goods imported by US citizens IS NOT supporting foreign countries. It is supporting Americans and freedoms of Americans. Those here speaking against tariffs are the patriots and the ones most concerned for Americans.

Tariffs on steel have cost American consumers hundreds of billions now in higher cost steel from domestic steel manufacturers who raised their prices since their competitors where higher priced and from the tariffs on all the foreign imports of steel from worldwide steel producing countries. Those tariffs are out and out protectionism of the steel business and have failed every time the numerous times they have been tried throughout our history. Typical of the US steel makers they spend their new found profits and when the tariffs disappear they bankrupt or merge. USX after reporting huge earnings announced a huge stock buyback instead of investing to double or triple their production as would be needed to eliminate imports. Navarro and Ross are too close to these people and should be run out of the administration like the other democrats have been recently.

The Chinese tariffs I think will soon end. As I said a couple of times before being vanquished to banville in facebookesque fashion, the Chinese will give Trump something small or beneficial to both he will declare as victory because he recognizes the harm the tariffs are doing across the supply chain of US manufacturers (and he knows very large US companies are at risk like Apple, GM and Boeing should the Chinese decide to retaliate---the growth estimates of the earnings of these companies include a lot of sales into China. BA is suppose to build a HUGE aircraft plant in China and projects to do a trillion dollars in business there over the next decade. China could simply kick all three out and Trump knows this.) When Trump calls it a victory his supporters here will agree and call it wonderful even if it is trivial in reality.

I suspect Xi will make concessions on IP and foreign investments in China. Both will benefit China as much or more than they will benefit US companies. Chinese companies would start profiting from new IP if they had the protection in China that US companies have in the US. China should welcome foreign investments in new jobs in their country and I suspect they will. Both of these things Vice Premier He has been advocating for and are the mainstay of Trump's 301 directive. Trump will declare a huge victory although it will be nothing like most here think it will be. I doubt it will have much impact at all on our trade deficit.

Exports from China to every major part of the world have fallen EXCEPT to the USA which even in November exports to the US increased.

It is absolutely a myth that China is going to starve if we quit shipping food products to them so get that out of your head. Their imports of soybeans from the US have been minuscule even with the last purchase. If the trade war goes another year they will not have to buy any from the US. If the Chinese loosen the government's grip on agriculture in their own country I suspect they will be a net exporter of ag commodities too.

I expect this trade war to end by March. Call it bending a knee or whatever Trump plays it as but Trump will not implement anymore tariffs on China as he threatens with the stock market collapsing as it has and US companies like Boeing and Apple in the cross hairs.

2) Trump was absolutely right to remove the troops from Syria and I want him to do it quickly before the neocons like Bolton talk him out of it. Get em out of Afghanistan and Iraq too. Close the base in Saudi Arabia and Kuwait and Qatar.

3) I waffle on the wall but what I do not waffle on is the need RIGHT NOW for financial testing of immigrants and the limiting of welfare to non citizens. Stop it now. We should make it easy for immigrants that have been recruited or hired by US companies to come here so long as they continue to work and are covered by some sort of health insurance. This would be a small hurdle for immigrants compared to most Western countries. I can take or leave the wall but we should end economic hardship as a criteria for asylum NOW. This entire family separation issue is about how long it takes to get asylum hearings. Turn them around the same day they get here and forget the hearings. If the dems refuse wall funding then Trump should insist on these immigration policy changes.



General catch up on recent things:

Mulvaney should be the COS permanently. He worked for Paul and is a free trader and a big personal freedom guy.

I prefer a civilian for secretary of defense.

The new Trump government agency, U.S. International Development Finance Corporation (IDFC), should be defunded and killed. The man can't tout all these claims of reducing government while he is in fact expanding it. He can't complain about spending while increasing foreign welfare.

The republicans should start talking more about reforming SS and all entitlement spending, moving toward loser pay in federal tort cases, and cutting all spending including defense. These are the important issues.

If given the opportunity to withdraw troops from place like Korea or even Europe Trump should do it quickly. We have to give up this world policemen role.

Trade deficits are not bad. The money has to eventually get back to the US and it does---unfortunately most of it is used to buy what might be considered our biggest export---US debt. $6.1 trillion is held by foreign countries.

Spying should be prosecuted. Stealing IP in America is theft and we have laws to protect it that should be enforced.

OH, just for old time sake---New Mexico is the latest state to recognize the ridiculous folly of film industry welfare and is now moving to end it they announced just this week.

Ok fire away. I will continue to ignore posts by those who simply want to spam my threads with insults or flame the threads with outrageous posts.

Wall of text but all on topic.




This post was edited on 1/3/19 at 9:38 pm
Posted by KeyserSoze999
Member since Dec 2009
10608 posts
Posted on 1/3/19 at 9:33 pm to
Like all chicken littles, your vision is very short term
Posted by Bass Tiger
Member since Oct 2014
53897 posts
Posted on 1/3/19 at 9:34 pm to
Mmmm Hmmm....
Posted by indianswim
Plano, TX
Member since Jan 2010
21508 posts
Posted on 1/3/19 at 9:38 pm to
quote:

If the potential negative impact of the trade war will have on the American people is not apparent to you now then it never will be and I don't care and will not try to change your mind


Promise?
Posted by Tiger Prawn
Member since Dec 2016
25206 posts
Posted on 1/3/19 at 9:47 pm to
quote:

2) Trump was absolutely right
We know
Posted by jimmy the leg
Member since Aug 2007
42332 posts
Posted on 1/3/19 at 10:24 pm to
quote:

very large US companies are at risk like Apple, GM and Boeing should the Chinese decide to retaliate--


Sales in China have slowed due to cheaper knockoffs. I have mentioned this before, but scope out Segway and Ninebot. Lets just say after a brief run of sales by Segway, Ninebot appeared and seemed to be an obvious knockoff. Segway sued (no real chance at winning in China). What happened...Ninebot used money from the sale of their seemingly obvious knockoff to buy Segway. The end result, no more lawsuit. The question...

Will Apple eventually be bought by a Chinese company (with fronted money by their government?)?

IP theft is real and this trade war needed to happen.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17576 posts
Posted on 1/3/19 at 10:33 pm to
1) markets won't collapse even if China collapses. Maybe they move another 10% negative but the earnings will be fine. And I'll tell you this, I think without Wall funding Trump might just become more aggressive with China if the 4Q result come in ok as expected. Hell if anything he might want more short term pain to get the fed off the markets and then the switch flips and you get 25% in the S&P

2) agreed

3) we need a wall before any of what you said would matter.


Eta: this is a decent post IB. I am proud of you.
This post was edited on 1/3/19 at 10:34 pm
Posted by StormyDanielson
Member since Jan 2019
8 posts
Posted on 1/3/19 at 10:39 pm to
“Tariffs on steel have cost American consumers hundreds of billions now in higher cost steel from domestic steel manufacturer who raised their prices since their competitors where higher priced and from the tariffs on all the foreign imports of steel from worldwide steel producing countries.“

You will have to show me some specific examples of where Americans are paying more for steel. How am I paying more? For what products? I admit that I don’t know anything about the steel industry but I CAN tell you that our local steel mill has hired more people within the last year and I can name specific examples of families who are doing better -financially -than ever before. If this is temporary, I would like for you to explain how so. It’s not that I don’t believe you, it’s that I am not knowledgeable in this area.

2.) China cannot support itself. They need us more than we need them. My family grows rice and soybeans in the south U.S. We also have a flower shop (which has often turned more profit than the farm!) The flower shop will be affected by tariffs on Chinese goods. We will not have all the plastic cheap arse containers and vases that we usually offer. The selection will be more limited than before. Price won’t change that much and quality will remain the same. Any losses have already been offset by lower taxes and relaxed regulations. (We love Donald Trump, btw.)

We have never been able to sell our rice or soybeans to China. Not without subsidies and/or strings attached. Our biggest buyers were Cuba 1960s-70s (exports are now banned), Iran 1960s-70s (exports are now banned), Iraq (no longer existent). All 196070s.
I understand the importance of free trade more than you realize. I understand how foreign policy affects free trade. But the truth is that China buys Chinese rice. It’s cheaper. Their farmers are poorer. Local stuff is always cheaper. Some Chinese groups believe that Chinese rice is purer. Are they wrong for believing that something they produce from their soil is better than ours? No. So what.

We can grow enough crops to feed ourselves. We don’t have to grow rice and soybeans. China cannot feed itself. Period.
But WE CAN. Do you understand the leverage we have? We have enough oil, coal, and natural gas to power ourselves for over 200 years. Where will China get its food, its energy?

We currently have several trillion dollars in national debt—a lot of which is owned by China. We need to pay that debt down and become strong again. We cannot sustain ourselves with 50% of our people on welfare.

Sometimes in a nation’s history, it is necessary to pull back and take care of business AT HOME. This world will implode without the USA. We are now in a predicament where we need to save ourselves. Yes, that may very well look like protectionism or isolationism. But it is a temporary necessity to our survival.

I completely agree with you on pulling out of Syria and the Middle East for the same reasons stated above.
Posted by TBoy
Kalamazoo
Member since Dec 2007
27595 posts
Posted on 1/3/19 at 10:56 pm to
Mixed bag, as always, but good to have you back.
Posted by MF Doom
I'm only Joshin'
Member since Oct 2008
11754 posts
Posted on 1/3/19 at 10:57 pm to
The man from Chengdu is back baby! Y'all get snow this time of year?
Posted by Dead End
Baton Rouge
Member since Aug 2013
21237 posts
Posted on 1/4/19 at 1:07 am to
DV,DR tariff boy. Your Chinese friends are getting their shite pushed in.
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