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Message

re: Chinese put tariffs on LNG

Posted on 8/6/18 at 10:15 am to
Posted by BugAC
St. George
Member since Oct 2007
52919 posts
Posted on 8/6/18 at 10:15 am to
quote:

Examples of countries with much higher per capita income with no tariffs on imports to speak of??? Yes I think that is appropriate to this discussion.



But it is contradictory to your argument. Your argument is to let countries impose tariffs on US goods at will. How does that bring us closer to legit free trade?

quote:

Let's all remember Trump said the goal was the end of all tariffs and subsidies.

Somebody wake me up when he goes to Iowa and says he is ending the crop insurance subsidy program and stopping the ethanol mandate.



I don't recall Trump mentioning subsidies, but i see where it comes from. If tariffs are the reason we have to subsidize the farmers, then an elimination of tariffs should equal an elimination of subsidies. But you know the "poor farmers" will fight to keep that gravy train tooth and nail.

The difference, is that the POTUS can't unilaterally remove subsidies. All of these subsidies are snuck in bills approved by Congress. He can veto any pork laden bills however. Tariffs, on the other hand, can directly be handled by POTUS, as we have seen.

quote:


I am afraid we have started a war we do not have balls to finish and it is causing real pain to real people and the loss of real opportunities.



The EU disagrees. Give it time, i'm pretty confident they will back down (the chinese).
This post was edited on 8/6/18 at 10:16 am
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 8/6/18 at 10:15 am to
quote:

I am dug in on the fact that tariffs are bad
yet it worked brilliantly with the eu

quote:

They have deep currency reserves and a command economy
and propped up currency and mongolian immigrant labor. maybe they can keep most of their peoplel in poverty indefinitely over this. maybe they can't.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 8/6/18 at 10:17 am to
quote:

Hyperbole with no basis in fact.



quote:

I am the biggest free trade guy on this forum.
Says the jerk off that made this idiotic statement, drop tariffs and let the other countries do what they want.

quote:

You rant about the tariffs being temporary as if that is good then you rant about needing tariffs to because we taking it in the shorts.
Again not a very bright bulb.

quote:

Ending the trade deficit is not a goal I am concerned with. It is not a problem.

Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 8/6/18 at 10:18 am to
quote:

yet it worked brilliantly with the eu





You are really drinking the Kool aid if you think anything significant has happened with the EU
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 8/6/18 at 10:21 am to
quote:

so you don't acknowledge that we have been at a competitive disadvantage in regards to trade? trump has been making all this up


No

quote:

We are growing as an economy despite their tariffs.
not before trump got into office and started reversing our policies


You are really are in denial. Just look at the numbers please. That is just an uneducated statement and a waste of thread followers time to read.

quote:

Since you will be paying more for goods you buy you will have less to spend on higher value goods and it will damper the economy.
which is literally the opposite of what's been happening as has been pointed out to you repeatedly in this thread



You are completely clueless. But let's get this out there for the world to see. You are saying right here in this post that tariffs are not going to raise prices to US consumers.

Are you going to stand by that?
Posted by Tiger Roux
Houston
Member since Mar 2009
4939 posts
Posted on 8/6/18 at 10:21 am to
These LNG projects are multi-billion dollar ventures that take years to get financed and built.

None I know of are built without customer contracts in place before construction begins. Kind of like pipelines in America.

Not sure the handful of companies who have means to build LNG would trust China and their Tariff to hold for years into the future.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73184 posts
Posted on 8/6/18 at 10:22 am to
quote:

Again not a very bright bulb.



he will never get it. some of our tariffs MAY stay. he is too obtuse to realize we have had tariffs even if LOWER than others on certain sectors prior to this. some may need to stay and some may go away if others agree to free trade in those specific SECTORS.

Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 8/6/18 at 10:23 am to
quote:

The EU disagrees. Give it time, i'm pretty confident they will back down (the chinese).



Dude, what do you think is going to happen? Even if China removes all tariffs, the central bank will still control the value of the yuan. And they will continue to subsidize the shite out of their industries.

China would have to change so many things to create a more level playing field. Trump's Chinese tariffs have been basically offset by nothing more than a change in currency value.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 8/6/18 at 10:24 am to
LNG is a commodity and we have a competitive advantage. The demand is and will be huge.

We want China's business.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 8/6/18 at 10:28 am to
quote:

Trump's Chinese tariffs have been basically offset by nothing more than a change in currency value.
There isn't any negative impacts to the Yuan?
Posted by brian_wilson
Member since Oct 2016
3581 posts
Posted on 8/6/18 at 10:30 am to
quote:

yet it worked brilliantly with the eu


wait, we have a new trade deal? can I get the deets?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261680 posts
Posted on 8/6/18 at 10:31 am to
quote:

Give it time, i'm pretty confident they will back down (the chinese).

In the meantime, we penalize US consumers (including commercial) for buying foreign products.

Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 8/6/18 at 10:32 am to
quote:

But it is contradictory to your argument. Your argument is to let countries impose tariffs on US goods at will. How does that bring us closer to legit free trade?



Not at all. Those countries have no import tariffs. I don't know how the goods they sell are tariffed in other countries. No doubt somebody is tariffing electronics from Singapore. They make my point.

quote:

I don't recall Trump mentioning subsidies, but i see where it comes from. If tariffs are the reason we have to subsidize the farmers, then an elimination of tariffs should equal an elimination of subsidies. But you know the "poor farmers" will fight to keep that gravy train tooth and nail.



That is exactly what he said and those EU and Canadian tariffs hit primarily agricultural goods. You are correct it would be politically impossible for Trump to end the ag subsidies and thus the tariffs will not come down.

There is a vice premier in China that wants the tariffs to come down. Enforcing intellectual property in a stronger way would benefit China. Both of these things are to our advantage BUT we will not MAKE them do anything nor should we expect whatever they do to be something we can depend on remaining in place.

Given their rising wealth and competition from lower cost countries like Viet Nam I think their willingness to continue unbridled subsidies of their industries will diminish. NONETHELESS we should take advantage of them and buy the stuff they will sell too cheap.
This post was edited on 8/6/18 at 10:39 am
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 8/6/18 at 10:33 am to
quote:

BUT we will not MAKE them do anything nor should we expect whatever they do to be something we can depend on remaining in place.

So not permanent!
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
79954 posts
Posted on 8/6/18 at 10:34 am to
quote:

You’re becoming a one trick pony like Toddy. First it was muh film credits now it’s muh tarrifs.



I think he has Asperger’s.

He starts 65 different threads per day on the same topic...most of which don’t have 65 different facets worth discussing.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261680 posts
Posted on 8/6/18 at 10:35 am to
quote:

can I get the deets?
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 8/6/18 at 10:37 am to
quote:

he will never get it. some of our tariffs MAY stay. he is too obtuse to realize we have had tariffs even if LOWER than others on certain sectors prior to this. some may need to stay and some may go away if others agree to free trade in those specific SECTORS.



HOLD IT!!

Are Trumpkins moving the bar?? Has the goal changed? Are you saying Trump has started a trade war that will not result in free trade?? What specific sectors are the ones that are important to Trumpkins?? Let me guess--those that get union votes in the upper midwest and PA??
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 8/6/18 at 10:54 am to
Hold it? Questions? More? Less? The same? Are tariffs permanent?
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 8/6/18 at 10:56 am to
How you coming on that explanation of the impact of trade deficits on the dollar big boy??
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 8/6/18 at 11:01 am to
Any reduction in the trade deficit over the next few years will be due to oil and gas exports as we are becoming an important world wide exporter.
This post was edited on 8/6/18 at 11:02 am
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