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Posted on 4/29/25 at 11:33 pm to Powerman
quote:Yeah. It's unfortunate that pointing out a lot of this simply does not work mathematically as it is seen as partisan here. We should be able to point out when the emperor wears no clothes.
That's one of the factors that no one is thinking about. If we repatriate the manufacturing here it makes our exports less competitive. Particularly with tariffs applied.
Posted on 4/29/25 at 11:34 pm to northshorebamaman
quote:You're implying that if the US repatriates business, that we will be relying on exports. That's not the case. Regardless, there was a time when US products were sought after by most of the world because we made better quality products. Who's to say that can't happen again?
many of which whom don't have a citizenry that can buy most of these products at their current prices
Posted on 4/29/25 at 11:34 pm to somethingdifferent
quote:
In case you missed the chart, we're getting raped BY EVERYONE. Including allies.
Are you referring to the ill conceived chart from the original tariff roll out? Because everyone knows that chart was nonsense.
Posted on 4/29/25 at 11:37 pm to somethingdifferent
quote:
You're implying that if the US repatriates business, that we will be relying on exports. That's not the case.
We'll still have to rely on at least some exports
quote:
Regardless, there was a time when US products were sought after by most of the world because we made better quality products. Who's to say that can't happen again?
When you look at countries like Vietnam, Cambodia, Brazil they have annual incomes that average around 7200 a year. Why do you think that these countries will be buying up expensive American goods? They simply can't afford them on any meaningful scale.
Posted on 4/29/25 at 11:39 pm to Powerman
quote:So now you admit some good has come of the situation. Thank you
But at what cost did we get those wins?
Is this situation over? Is it possible that more good is to come? This was always going to be a rocky road and your targeted China idea is too little too late and ignores that both countries have ties all over the world. It's myopic. The India news proves that we can make gains with China through proxies when China isn't fully at the negotiating table yet
quote:Eh, overstated. So far, the news ought to be a reason for optimism, not your chicken little attitude
This whole trade war comes with massive downside risk
quote:The alternative is ABSOLUTELY unsustainable, including your ill advised idea
It's a huge gamble and anyone who tells you otherwise is not worth listening to
Posted on 4/29/25 at 11:42 pm to somethingdifferent
quote:
Eh, overstated.
If anything the risks are being massively understated by MAGA because they can't imagine a world in which Trump could be so terribly wrong.
quote:
The alternative is ABSOLUTELY unsustainable, including your ill advised idea
That doesn't mean the solution is to blow up the entire economic world order and pray that it works out
The risks are much greater than you may realize
Posted on 4/29/25 at 11:42 pm to northshorebamaman
quote:Even the dem administration didn't reverse the previous iteration of tariffs because they were so lucrative so, you seem to be wrong on this point.
It's unfortunate that pointing out a lot of this simply does not work mathematically as it is seen as partisan here
There's no reason to try to analyze this in a mathematical bubble. Repatriating business is critical. Take semiconductors. That's a no brainer and a reason why Power's targeted China idea isn't good enough
Posted on 4/29/25 at 11:44 pm to Powerman
quote:I'm referring to the fact that it's well known there is a laughable trade imbalance and a complete joke that previous administrations didn't address it.
Are you referring to the ill conceived chart from the original tariff roll out? Because everyone knows that chart was nonsense
Given that the Biden admin didn't reverse Trump's first tariffs, it's safe to say even they recognized the trade imbalance
Posted on 4/29/25 at 11:44 pm to somethingdifferent
quote:
Even the dem administration didn't reverse the previous iteration of tariffs because they were so lucrative so, you seem to be wrong on this point.
We weren't slapping random 10% tariffs on the entire world though
Posted on 4/29/25 at 11:46 pm to somethingdifferent
quote:
I'm referring to the fact that it's well known there is a laughable trade imbalance and a complete joke that previous administrations didn't address it.
You do realize that a trade imbalance with a poor nation is essentially inevitable right? Why would you expect us to have a trade surplus with someone like Vietnam? Not all trade imbalances are inherently bad.
Posted on 4/29/25 at 11:47 pm to Powerman
quote:"some"
We'll still have to rely on at least some exports
quote:It's been done in the past. Besides, we don't need the rest of the world to go into a buying frenzy.
Why do you think that these countries will be buying up expensive American goods? They simply can't afford them on any meaningful scale.
Posted on 4/29/25 at 11:49 pm to somethingdifferent
quote:
It's been done in the past. Besides, we don't need the rest of the world to go into a buying frenzy.
But to have exports we do need buyers
And perhaps you can show me examples of the past where we had trade surpluses or even an even account balance with poor developing nations
Posted on 4/29/25 at 11:51 pm to The_Duke
quote:Because deficit has a negative connotation. I have asked for an example on how 'balanced trade' is possible with a country with like Indonesia that we purchase things from, because they are able to produce at a lower price, due, in part, to lower wages for their workers, specialization in manufacturing cheap shite, and state subsidies. They don't, even now, have the money to buy our exports at any scale in the first place.
What is a trade deficit and how is being in a surplus a good economic sign?
Balanced trade with Indonesia would not be a great sign. It would indicate that the citizens of both countries have equal purchasing power, which, unless you're expecting the Indonesian economy to expand to equal ours anytime soon, is hardly a good thing.
Posted on 4/29/25 at 11:51 pm to Powerman
quote:ok chicken little. It doesn't matter what you think. Our current situation is unsustainable. Either do this or continue to take on water until it's too late
the risks are being massively understated by MAGA
quote:
That doesn't mean the solution is to blow up the entire economic world order and pray that it works out
I feel sorry for you quote:This needed to be done badly and needed to happen about 25 years ago. Yes, there will be some pain but, countries are already lining up to negotiate.
The risks are much greater than you may realize
I personally don't believe relations with China will fall apart. The two countries/economies rely on each other too heavily. There's too much at stake
Posted on 4/29/25 at 11:52 pm to Powerman
quote:
We weren't slapping random 10% tariffs on the entire world though
"random" You are ridiculous
Posted on 4/29/25 at 11:54 pm to Powerman
quote:do you honestly think the "poor" nations are the ones we're supremely concerned about?
You do realize that a trade imbalance with a poor nation is essentially inevitable right?
quote:There's no need to think we need a trade surplus with every country all the time. But the situation needs to be much better than it is.
Why would you expect us to have a trade surplus with someone like Vietnam?
Your take on all this is sad
Posted on 4/29/25 at 11:55 pm to Powerman
quote:And there it is! It took you a while to get to the artificially narrow criteria, aka "strawman." Congrats?
And perhaps you can show me examples of the past where we had trade surpluses or even an even account balance with poor developing nations
Posted on 4/29/25 at 11:56 pm to somethingdifferent
quote:
do you honestly think the "poor" nations are the ones we're supremely concerned about?
Not necessarily. But if we import from the poor nations and then add the cost input of a tariff to the equation that makes our exports less competitive than the nations that we're aiming to sell to. It's not a particularly difficult concept.
Posted on 4/29/25 at 11:57 pm to somethingdifferent
quote:
And there it is! It took you a while to get to the artificially narrow criteria, aka "strawman." Congrats?
It's not a strawman. You said it happened in the past.
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