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Started By
Message
re: Good read on tariffs and similarity to the depression
Posted on 10/10/18 at 10:36 am to I B Freeman
Posted on 10/10/18 at 10:36 am to I B Freeman
quote:
Good read
quote:
I B Freeman
Hard pass
0
Posted on 10/10/18 at 10:40 am to Turbeauxdog
quote:
And none of this addresses the fact that China has to be put in line.
This is a more worthwhile approach than "tariffs are good" for sure. I'm not sure a trade war is the best way to do that however.
Posted on 10/10/18 at 10:41 am to I B Freeman
quote:
there is no question that the growth in our economy will slow as more household income is used to pay the higher prices these tariffs will cause over.the next year.
Are you an Alexandria Ocasio Cortez alter? Because that sounds exactly like something She Guevara would say.
MAGA
Posted on 10/10/18 at 10:45 am to RogerTheShrubber
quote:
This is a more worthwhile approach than "tariffs are good" for sure. I'm not sure a trade war is the best way to do that however
I've yet to hear a another solution outside of, "dude, once we were in tpp, all those Asian governments would totes have backed us in putting pressure on China. Totes obvs" - 90prooof
Posted on 10/10/18 at 10:46 am to I B Freeman
Milton Friedman said Depression brought on by Federal Reserve not tariffs.
Posted on 10/10/18 at 10:49 am to I B Freeman
quote:
What does that mean? What is your definition of “getting China in line”?
Stealing IP.
Government subsidy to steal their way into market share and drive out competition in industries with extraordinary barriers to entry.
Currency manipulation.
Forcing foreign investors to jv with Chinese complanies (the Chinese govt) while expecting free and welcome investment in the United States.
Quotas and tariffs on imports and exports.
Just to start.
Posted on 10/10/18 at 10:52 am to Turbeauxdog
Alternatives to tariffs
The problem is it's just easier to throw up tariffs instead of using other tools available.
The problem is it's just easier to throw up tariffs instead of using other tools available.
Posted on 10/10/18 at 10:55 am to I B Freeman
quote:
the depression
I read your shenanigans, now you read this.
The fed reserve caused the great depression as the depression was instrumental in solidifying the fed's longterm influence.
Tariffs might suck for consumers now, but if it sets us up to get off of the Fed, then I'll gladly pay a little more now to save alot more later.
Posted on 10/10/18 at 10:57 am to I B Freeman
quote:Not true at all. There certainly is question about benefit of shedding manufacturing jobs.
There is no question that the growth of our technology and service industries has been more beneficial ... Our wages are higher now than they were when the economy was basic manufacturing.
Obviously tech and service sector growth are economic stimulants. But they are dominated by college educated workers. Manufacturing involves an entirely different workforce and skillset. Trading one for the other is not a zero-sum game.
=========
Now then, regarding the "assertion by some guy at Forbes that has studied the issue," I don't give a rat's arse what he claims to have studied. When he says Trump's tariffs echo U.S. trade policy of the late-1920's -- early 1930's, he's being utterly ridiculous. It's an ignorant statement.
Don't you agree?
Posted on 10/10/18 at 10:59 am to RogerTheShrubber
quote:
The problem is it's just easier to throw up tariffs instead of using other tools available
The problem is the only way to enforce the ideas in your list is, guess what, tariffs or restricted trade (the same thing)
Posted on 10/10/18 at 11:12 am to RogerTheShrubber
quote:Correct.
we innovate and do things that are more efficient.
Unfortunately that is not the equation's endpoint.
Other countries piggyback off of and/or outright steal those innovations. Then they undercut the US product cost, sometimes with government assistance, and drive those US innovators from the field.
Freeman may or may not know that. But if he does know it, said knowledge is not evident.
Posted on 10/10/18 at 11:24 am to Turbeauxdog
You are correct in what Trump wants to do and it is NOT reduce Chinese imports. He wants to stop IP theft and he wants US companies to be able to build plants in China without forced partners.
Those things are not as important to me as is having the lowest cost goods and services available to us.
Those things are not as important to me as is having the lowest cost goods and services available to us.
Posted on 10/10/18 at 11:25 am to RogerTheShrubber
quote:None of those other things will garner results within a reasonable timeframe, if ever.
The problem is it's just easier to throw up tariffs instead of using other tools available.
quote:At some point, the conversation must change from what China "should" or "should not" do, to what China must do, what China is forced to do. Nothing outside of severe economic pressure leveraging our huge trade imbalance will FORCE China to behave.
Perhaps China will cave in first to Trump’s threats. It should, given that it has been violating the letter and the spirit of the WTO’s rules for over a decade, costing millions of U.S. jobs as a result. To be clear, retaliatory Chinese tariffs are entirely unjustified; America’s actions are a response to China’s already unfair trade practices. China shouldn’t get to “cheat” twice.
Posted on 10/10/18 at 11:28 am to I B Freeman
If a company wants to avoid IP theft then do let the Chinese make it.
If a company does not want Chinese partners in their Chinese business then do not do business in China.
There is no need for you and I to pay more and have our capital diverted to artificially high cost goods and services to
If a company does not want Chinese partners in their Chinese business then do not do business in China.
There is no need for you and I to pay more and have our capital diverted to artificially high cost goods and services to
Posted on 10/10/18 at 11:29 am to I B Freeman
It's like you're cheerleading for economic disaster. Very low energy. Sad.
Posted on 10/10/18 at 11:30 am to NC_Tigah
quote:
None of those other things will garner results within a reasonable timeframe, if ever.
Boycott individual companies who are stealing IP.
Posted on 10/10/18 at 11:31 am to I B Freeman
quote:
There is no need for you and I to pay more and have our capital diverted to artificially high cost goods and services to
Artificial is an interesting word choice. Hasn’t China created artificially low prices through subsidy? Therefore hasn’t capital been historically misallocated based on those artificial and non-market price indications?
Posted on 10/10/18 at 11:32 am to Turbeauxdog
quote:
Hasn’t China created artificially low prices through subsidy?
Well, we do the same with specific industry.
Posted on 10/10/18 at 11:33 am to RogerTheShrubber
quote:
Well, we do the same with specific industry.
Trump proposes we remove tariffs and subsidy across the board.
Posted on 10/10/18 at 11:34 am to RogerTheShrubber
quote:
Boycott individual companies who are stealing IP.
Boycott all of China?
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