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Started By
Message
3
Posted on 3/27/18 at 11:06 am to stuntman
Has zero to do with this.
Posted on 3/27/18 at 11:07 am to Turbeauxdog
quote:
why is that relevant or interesting?
IT's not
Posted on 3/27/18 at 11:13 am to stuntman
quote:
You have a trade deficit w/ your grocer. Are you worse off for it?
If that grocer is sending some portion of my money overseas then my community could be worse off unless that country is buying something that my community manufactures/sales.
It's not an either/or. It's an "it depends".
Posted on 3/27/18 at 11:18 am to Turbeauxdog
Because the charge is that China is crushing our manufacturing base.
If that were true, then why do investments in machinery and factories continue to rise at an incredibly stable rate over the past 60 years...and it is adjusted for inflation.
If that were true, then why do investments in machinery and factories continue to rise at an incredibly stable rate over the past 60 years...and it is adjusted for inflation.
Posted on 3/27/18 at 11:21 am to roadGator
Is your community worse for trading w other states? Of course not.
Even if China is subsidizing their industries to "dump" their products here, that is a net benefit to us.
Even if China is subsidizing their industries to "dump" their products here, that is a net benefit to us.
Posted on 3/27/18 at 12:52 pm to stuntman
quote:
Because the charge is that China is crushing our manufacturing base
The charge is perpetual net deficits are deterimtal to the country and china and its anti free trade policies are the biggest factor in our net deficit.
Now. The reality is a society is going to have white collar folks and blue collar folks and those people are not interchangeable no matter the "training"
So your options are support blue collar jobs, provide welfare, or let them starve.
All three have positives and negatives.
Posted on 3/27/18 at 1:00 pm to stuntman
quote:
Even if China is subsidizing their industries to "dump" their products here, that is a net benefit to us.
So China is stupid?
They dump products to eliminate competitors in industry with enormous barriers to entry. Just the environmental obstacles required to get certain industries up and running are impossible to overcome in modern us.
Their strategy is dump product, eliminate competition then raise prices in the long run knowing the us will not respond.
So no, in the long run it's not a net benefit to the us if you are able to see beyond the end of your nose.
Posted on 3/27/18 at 1:19 pm to stuntman
And this is going to play out exactly as Trump said while campaigning.
China isn't out to screw us, they are just going to take every advantage that we allow them too, as soon as we say enough China is like "yeah we're willing to negotiate" because they can no more do without our business than we can do without their goods
China isn't out to screw us, they are just going to take every advantage that we allow them too, as soon as we say enough China is like "yeah we're willing to negotiate" because they can no more do without our business than we can do without their goods
Posted on 3/27/18 at 1:22 pm to Turbeauxdog
quote:
The charge is perpetual net deficits are deterimtal to the country and china and its anti free trade policies are the biggest factor in our net deficit.
The question is "why are deficits bad, in and of themselves". We know what the charge is.
Posted on 3/27/18 at 1:24 pm to Turbeauxdog
quote:
why is that relevant or interesting?
Trade with China is beneficial to us.
Posted on 3/27/18 at 1:28 pm to Jjdoc
But Muh Obama!
Posted on 3/27/18 at 1:30 pm to Turbeauxdog
quote:
So China is stupid? They dump products to eliminate competitors in industry with enormous barriers to entry. Just the environmental obstacles required to get certain industries up and running are impossible to overcome in modern us. Their strategy is dump product, eliminate competition then raise prices in the long run knowing the us will not respond. So no, in the long run it's not a net benefit to the us if you are able to see beyond the end of your nose.
Winner.
And right now, they are playing the long game. They want to out wait Trump.
Posted on 3/27/18 at 1:30 pm to RogerTheShrubber
quote:
Trade with China is beneficial to us.
Is it? Can you prove that for us?
Posted on 3/27/18 at 1:42 pm to Jjdoc
quote:
Is it? Can you prove that for us?
Have you ever taken a single Econ class?
quote:
Chinese manufacturing also lowered prices in the United States for consumer goods, dampening inflation and putting more money in American wallets. At an aggregate level, US consumer prices are 1 percent - 1.5 percent lower because of cheaper Chinese imports
quote:
US factories are still 90 percent more productive than Chinese manufacturers.
quote:
Today, the US-China trade relationship actually supports roughly 2.6 million jobs in the United States across a range of industries, including jobs that Chinese companies have created in Americ
LINK
Posted on 3/27/18 at 1:43 pm to Jjdoc
quote:
“With regard to trade imbalances, China and the United States should adopt a pragmatic and rational attitude, promote balancing through expansion of trade, and stick to negotiations to resolve differences and friction,” Mr. Li told a conference in Beijing
so what's the "concession"
Posted on 3/27/18 at 1:48 pm to RogerTheShrubber
At a huge cost to the workers here.
That's an offset.
Where it tips the scale is those workers then get pushed into poverty and then to some form of welfare.
In short, it's better have a job and pay 1% more for a product.
That's an offset.
Where it tips the scale is those workers then get pushed into poverty and then to some form of welfare.
In short, it's better have a job and pay 1% more for a product.
Posted on 3/27/18 at 1:53 pm to Jjdoc
quote:
Trade with China is beneficial to us.
Is it? Can you prove that for us?
About 55% of what we import from them is something other than consumer goods, like raw materials/intermediate goods/capital goods.
That means that aside from the good deal on prices we get for consumer goods, more than half of our imports from them directly support what we produce domestically.
(edited for direct link)
This post was edited on 3/27/18 at 1:59 pm
Posted on 3/27/18 at 1:59 pm to Jjdoc
quote:
At a huge cost to the workers here.
It's a benefit to the companies here.
Posted on 3/27/18 at 2:08 pm to Jjdoc
quote:
Is it? Can you prove that for us?
JFC.
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