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re: Import Prices Decline During Full Year of Import Tariffs
Posted on 6/16/19 at 9:33 am to GumboPot
Posted on 6/16/19 at 9:33 am to GumboPot
That’s what has always been baffling about the anti-tariff argument. The screaming about “input costs” as if it’s sacrosanct to always keep them lower otherwise disaster would occur... does no one remember $100/bbl oil? The world kept spinning, and that’s more of an increase in “input costs” than some measly tariffs. Amazing the chicken little nature of “libertarians” sometimes.
0
Posted on 6/16/19 at 9:41 am to trinidadtiger
quote:ib won't even respond to me anymore. i asked 2 simple questions and that sent me to ban land. i even went to the trouble of creating an official challenge thread, which he predictably ignored. to 90's credit, he did show up and typed some words that didn't answer the op. i.e. the price of washing machines is more important than national security and tpp foreverrrrr
I have tried, in vain to explain this to IB
Posted on 6/16/19 at 9:43 am to I B Freeman
quote:here you are again, still ignoring my challenge to you. still ignoring any data that shows you are wrong.
I B Freeman
Posted on 6/16/19 at 9:46 am to I B Freeman
quote:i have responded to this point. you are ignoring me
US companies and importers pay the custom offices the tariffs based on the prices of the goods and like sales taxes they are additions to the prices?
quote:i challenged you on your tariff position and you have proven to be too scared to answer 2 simple questions. you are a fraud and a coward. you continue to post about the tariffs and ignore my responses. congrats on being a loser
I present facts critical of Trump and the economy
Posted on 6/16/19 at 9:49 am to I B Freeman
This is the guy running trade policy for Trump and the guy you guys love---
The man that Trump loves:
Trump who wants you to believe he is a conservative put this man in charge of US trade policy.
Stand with him boys but don't call yourself a conservative while you do it.
quote:
If Peter Navarro ever doubted that he was a Democrat, a look at the other side was enough to convince him. Republicans talked about virtue and prosperity, but they were really a bunch of greedy, intolerant hypocrites, he thought.
The “insufferably bigoted, close-minded, and dangerously well-disciplined storm troopers on the religious right,” he wrote in a 1998 memoir, San Diego Confidential, “wield far too much influence at the ballot box.” The GOP was in thrall to “buffoons, sociopaths, and zealots like Rush Limbaugh, Newt Gingrich, and Ralph Reed.” Its economic policies consisted of “tax schemes to further enrich the rich,” and its leaders could not be trusted “to do anything but trash the environment under the phony banner of economic progress.”
quote:
“Trump listens to Peter, especially when it comes to China,” says Stephen Moore, a fellow at the conservative Heritage Foundation, who frequently advises Trump and who disagrees with the tariff push. It is Navarro who helps translate Trump’s beliefs into action, supplying him with policy direction, affirmation and arguments to help his case
quote:
His power has grown in recent months. Navarro, 69, won a formal promotion in February. Most of his free-trade opponents on Trump’s economic team have left the Administration. The U.S. has moved aggressively to implement his preferred policies, imposing wide-ranging tariffs on billions of dollars’ worth of imported goods. “Trump wants to do protectionism, and when almost everyone in the room is saying, ‘We cannot do that, it’ll destroy the economy,’ he’ll say, ‘Where’s my Peter? What does Peter think?'” says a prominent conservative trade expert. “The President looks for validation, and the folks keeping the devil off his shoulder have disappeared.”
The man that Trump loves:
quote:
Navarro hadn’t always been a Democrat. Before running for office, he had been registered as both a Republican and an independent, and in his writing he professed concern that Democrats waste taxpayers’ money. But he was, he wrote, “a strong environmentalist and a progressive on social issues such as choice, gay rights, and religious freedom.” While Republicans seemed to “prefer the ‘every man for himself’ approach,” Navarro believed “we ought to progressively tax the rich to help everybody else.” By the time of his first campaign, in 1992, he was sure he belonged in the Democratic Party.
quote:
Navarro got a three-minute speaking slot at the 1996 Democratic convention in Chicago. President Bill Clinton, the First Lady and Vice President Al Gore all came to California to fundraise and campaign for him. In a memoir, Navarro singled out “street-smart, savvy” Nancy Pelosi for praise, but Hillary was his favorite: “gracious, intelligent, perceptive, and, yes, classy,” he called her, expressing puzzlement that many Americans seemed to hate her. “Okay, so … this uppity woman has made it all too clear to Middle America that she’d rather be an activist first lady than rearrange White House furniture,” he wrote. “But so what? This is the dawn of the 21st Century.”
Trump who wants you to believe he is a conservative put this man in charge of US trade policy.
Stand with him boys but don't call yourself a conservative while you do it.
Posted on 6/16/19 at 9:52 am to I B Freeman
quote:prove that you can read trump's mind on this. prove that this is the ultimate goal and not what has been widely reported and publicly stated by trump multiple times
the Chinese central bank is not intervening to prop up the RMB/CNY by selling dollars as Trump would like them to do
quote:from everything i have read, they have admitted they have been doing it and that they are willing to continue doing it so i don't know where you're getting your info from. also, the cny just hit a several year low so again, not sure where you are getting your info
Why would the Chinese prop up their currency against the dollar?
quote:people on this board, in this very thread, continue to post facts and stats that show this is incorrect.
Several economist have already said the tariffs have offset the impacts of the tax cut in the economy
Posted on 6/16/19 at 9:55 am to I B Freeman
quote:your citation just lost all credibility right there
“tax schemes to further enrich the rich,”
quote:misleading at least. false at most.
Trump wants to do protectionism
quote:the tariffs have not impeded this and trump has proven that he is not opposed to this
‘every man for himself’ approach
Posted on 6/16/19 at 9:56 am to I B Freeman
quote:
Stand with him boys but don't call yourself a conservative while you do it.
Okay, I'll just call myself an American then.
America first.
Trump 2020.
Posted on 6/16/19 at 10:03 am to I B Freeman
Hi I B Freeman,
I think I saw you in the millions marching in Hong Kong!
That’s you in the middle dressed in blue, right!?
I think I saw you in the millions marching in Hong Kong!
That’s you in the middle dressed in blue, right!?
Posted on 6/16/19 at 10:09 am to Gaspergou202
I agree 100% with the Hong Kong protestors. Isn't that an incredible photo?
Hong Kong throughout the 20th century was a bastion of free trade and a free economy. On that piece of rock one of the highest standard of livings of a population of people was created. They actually traded stocks on the street for most of the century. They did it with small government, free trade, private property and firm rules of law to protect individual economic rights.
We could take a lot of lessons from Hong Kong.
China was smart to give them autonomy when they got it back from England in the nineties and they will be smart today to leave them along and simply collect whatever tax they collect from their economy.
Hong Kong throughout the 20th century was a bastion of free trade and a free economy. On that piece of rock one of the highest standard of livings of a population of people was created. They actually traded stocks on the street for most of the century. They did it with small government, free trade, private property and firm rules of law to protect individual economic rights.
We could take a lot of lessons from Hong Kong.
China was smart to give them autonomy when they got it back from England in the nineties and they will be smart today to leave them along and simply collect whatever tax they collect from their economy.
This post was edited on 6/16/19 at 10:11 am
Posted on 6/16/19 at 10:41 am to I B Freeman
quote:
China was smart to give them autonomy when they got it back from England in the nineties and they will be smart today to leave them along and simply collect whatever tax they collect from their economy.
I don't think our definitions of that term jive. My family was there at that time and much of the 2000's. In short, the Chinese Communist party took control behind the scenes almost immediately. What Hong Kong has is an illusion of autonomy and a ridiculously high cost of living now (thanks mainly to the communist government and its policies). Additionally, Hong Kong was set to vote in 2017 in an attempt to actually have autonomy. The election was postponed indefinitely by the mainland. Why, there aren't enough communist in Hong Kong to win the election...yet. When that day comes, however, I'll wager a coke and a moon pie that the election will roll out pretty damn quickly. Time will tell.
Posted on 6/16/19 at 11:18 am to I B Freeman
quote:
You cannot be so naive and ignorant of the processes to know that these prices reported by the BLS are before tariffs are assessed?
Posted on 6/16/19 at 11:46 am to I B Freeman
quote:
The mods don't like it when I present facts critical of Trump and the economy and they like other private social media can censor as they please.
Oh BS. The mods probably don’t like you because you get in these meltdown modes where you spam the board incessantly.
Posted on 6/16/19 at 12:00 pm to I B Freeman
Aw poor IB Chinaman wrong again so he blames everyone else. :sniff:
Posted on 6/16/19 at 12:19 pm to I B Freeman
LMAO! So Now Trump wants the Dollar to decline? YOu are lying!
Proof you are a liar
quote:
President Donald Trump would like the U.S. dollar to be strong.
“[The dollar’s value] should also be based on the strength of the country. We are doing so well. Our country is becoming so economically strong again. And strong in other ways too, by the way, that the dollar is going to get stronger and stronger.
“And ultimately I want to see a strong dollar.”
Now he does say that the US dollar can be TOO Strong. But to say he wants a weak dollar is a flat out lie.
quote:
“I want a strong dollar but I want a dollar that does great for our country, not a dollar that’s so strong that it makes it prohibitive for us to do business with other nations and take their business,”
He understands balance. Do you?
Posted on 6/16/19 at 12:20 pm to I B Freeman
Oh and IB90proof,
Trump isn't ending the tariffs until our trade is realigned with countries more friendly to the USA.
Thanks for playing
Trump isn't ending the tariffs until our trade is realigned with countries more friendly to the USA.
Thanks for playing
Posted on 6/16/19 at 1:17 pm to Jjdoc
You are unbelievably ignorant of currency markets if you think I am lying and Trump is truthful about what he wants to happen to the value of the dollar in that link.
Every time the man gets the chance he bangs the FED about interest rates. Do you know what one general impact of lower rates has on currency value?
Almost as frequently he talks about Chinese currency manipulation. In reality what is complaining about is the lack of Chinese manipulation of their currency. When a large country that is a customer of China imposes huge tariffs and taxes on their citizens who buy from China what do you think the general impact on the Chinese currency is?? It is negative. Trump wants China to intervene and prop up the RMB after the market has punished it due to the Trump tariffs. How stupid is that?
Why do you think the CNY has moved very little against the Euro but declined some against the dollar? Trump and Navarro want the Chinese to prop up their currency. Why would they?
Trump wants the CNY to be stronger relative to the dollar so the tariff impacts will be more widely felt by Americans. He does not want a weaker CNY somewhat offsetting the punishing impacts of is tariffs. He wants the FED to weaken the dollar with interest rate cuts. Cuts would add to inflation and stimulate the economy and weaken the dollar and he knows this.
You people that call hurting China winning want a weaker dollar too but you don't seem to understand that.
The link you posted is from 2018 when Trump did proclaim to be a free trader. He has abandoned that talk of late since Biden and Schumer agree with is union protecting tariffs and WI, MI and PA and OH are so important to his campaign.
Every time the man gets the chance he bangs the FED about interest rates. Do you know what one general impact of lower rates has on currency value?
Almost as frequently he talks about Chinese currency manipulation. In reality what is complaining about is the lack of Chinese manipulation of their currency. When a large country that is a customer of China imposes huge tariffs and taxes on their citizens who buy from China what do you think the general impact on the Chinese currency is?? It is negative. Trump wants China to intervene and prop up the RMB after the market has punished it due to the Trump tariffs. How stupid is that?
Why do you think the CNY has moved very little against the Euro but declined some against the dollar? Trump and Navarro want the Chinese to prop up their currency. Why would they?
Trump wants the CNY to be stronger relative to the dollar so the tariff impacts will be more widely felt by Americans. He does not want a weaker CNY somewhat offsetting the punishing impacts of is tariffs. He wants the FED to weaken the dollar with interest rate cuts. Cuts would add to inflation and stimulate the economy and weaken the dollar and he knows this.
You people that call hurting China winning want a weaker dollar too but you don't seem to understand that.
The link you posted is from 2018 when Trump did proclaim to be a free trader. He has abandoned that talk of late since Biden and Schumer agree with is union protecting tariffs and WI, MI and PA and OH are so important to his campaign.
Posted on 6/16/19 at 1:23 pm to DallasTiger11
quote:
meltdown modes where you spam the board incessantly.
I would appreciate an example, relative to other posters, of that behavior on my part.
Posted on 6/16/19 at 1:46 pm to I B Freeman
quote:
Trump who wants you to believe he is a conservative put this man in charge of US trade policy. Stand with him boys but don't call yourself a conservative while you do it
Trump has always been a blue dog. That hasn’t changed. His party has.
Do you ever get tired of being wrong on this? It’s not going to turn out how you think
Posted on 6/16/19 at 2:07 pm to carlsoda
Wrong on what???
The tariffs have already essentially offset the part of the tax cut that helped the middle class. The new tariffs will create an even bigger drag.
How many of you Trumpkins have put your money where your mouth is and have actually started businesses to take advantage of these Trump tariffs? Do you believe in him enough to start a Christmas tree light factory or something like that? If not why not?
The tariffs have already essentially offset the part of the tax cut that helped the middle class. The new tariffs will create an even bigger drag.
How many of you Trumpkins have put your money where your mouth is and have actually started businesses to take advantage of these Trump tariffs? Do you believe in him enough to start a Christmas tree light factory or something like that? If not why not?
This post was edited on 6/16/19 at 5:42 pm
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