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re: Tariffs on importers from China going to 25% Friday, apparently
Posted on 5/5/19 at 12:11 pm to 90proofprofessional
Posted on 5/5/19 at 12:11 pm to 90proofprofessional
This shifts the market to other manufacturers. Maybe even Americans if the price point is shifted enough. Businesses will take advantage of the best economic situation and in this case, working with China has become slightly less advantageous.
0
Posted on 5/5/19 at 12:15 pm to RogerTheShrubber
quote:
Who is ultimately paying for these tariffs?
Ultimately? China.
Once a solid trade deal is reached, these go away and the US consumer then benefits.
What you're trying to do is look at "ultimately" in the near-term. That's a short-sighted view and it's proven by my analogy in that using that view someone wouldn't get the shot because it would hurt too much (in the short-term).
Your stance suffers from a lack of longer perspective.
Posted on 5/5/19 at 12:21 pm to Bard
quote:
The US consumer will still suffer. It's a de facto tax to prop up certain industry at the cost of everything else
No. Short term individual industry is helped. Long term the consumer suffers. Prices will continue to rise.
Its vote buying, period
Tariffs are always bad
quote:.
Who is ultimately paying for these tariffs?
Ultimately? China
quote:.
Once a solid trade deal is reached, these go away and the US consumer then benefits
The US consumer will still suffer. It's a de facto tax to prop up certain industry at the cost of everything else
quote:
What you're trying to do is look at "ultimately" in the near-term. That's a short-sighted view and it's proven by my analogy in that using that view someone wouldn't get the shot because it would hurt too much (in the short-term).
No. Short term individual industry is helped. Long term the consumer suffers. Prices will continue to rise.
Its vote buying, period
Tariffs are always bad
This post was edited on 5/5/19 at 12:27 pm
Posted on 5/5/19 at 12:22 pm to RogerTheShrubber
quote:
It's a de facto tax on American citizens
Nah, either China bends the knee, or we get cheap goods from somewhere else.
ETA: My grandfather fought the god damn chicoms in Korea. frick China. Time to win that war.
This post was edited on 5/5/19 at 12:26 pm
Posted on 5/5/19 at 12:25 pm to Stingray
quote:
Nah, either China bends the knee,
Ah, the ole us vs them fallacy.
Trade between nations , even if unilateral benefits a nation greatly and makes one wealthier.
Posted on 5/5/19 at 12:26 pm to RogerTheShrubber
Fallacy fallacy
Posted on 5/5/19 at 12:32 pm to RogerTheShrubber
That whole concept is wrong....
Based on flaw rationale.
Based on flaw rationale.
Posted on 5/5/19 at 12:33 pm to Bard
quote:
Your stance suffers from a lack of longer perspective.
These globalists don't care. They are all about propping up other countries (shitholes).
They are more interested in keeping more jingle in their pockets than having good jobs in this country.
Posted on 5/5/19 at 12:35 pm to RogerTheShrubber
quote:
Ah, the ole us vs them fallacy.
No.. it's not a fallacy. Globalism is a redistribution of the wealth of middle America.
As you can see it's working and the people benefiting from this is the Americans.
You ignored this because you know it's true:
So let's put it all in perspective..
1- More Americans have jobs that more than offset the tariff costs to them in one day of work.
2- Wage growth has offset in a days work the cost of the tariffs
3- Trump cut taxes that completely wipe out the cost of the Tariffs making points 1 and 2 really mute.
4- All the while it's not hurting the US citizen, but it is hurting China who has over extended themselves and we will win due to it... thus leveling the playing field and the economy will once again soar.
Literally, all you have in your complaint is it's a tax to the American people that they don't see because they have more money in their pockets WITH THEM than they did over the past 10 years without them...
Posted on 5/5/19 at 12:56 pm to Jjdoc
Doc, I took the time to respond to the OP because I thought it would impart some perspective in light of the overwhelming data. However, it’s pretty clear that there are several CTR types here just pushing a narrative, so we should probably just move on.
Posted on 5/5/19 at 1:00 pm to Tesla
Roger is a good guy. On the right side of most things. This is not one of them.
Even if we all agreed it was a tax, Trump lowered all taxes and this "tax" helps Americans while dealing with a cheating nation.
Even if we all agreed it was a tax, Trump lowered all taxes and this "tax" helps Americans while dealing with a cheating nation.
Posted on 5/5/19 at 1:02 pm to RogerTheShrubber
quote:
Short term individual industry is helped. Long term the consumer suffers.
The only long-term play if you actually don't want protectionism for cronies & buddies at the expense of other Americans is multilateral trade deals with independent complaint/enforcement mechanism
Posted on 5/5/19 at 1:05 pm to Homesick Tiger
Watch the market Monday.
Posted on 5/5/19 at 1:06 pm to 90proofprofessional
quote:
with independent complaint/enforcement mechanism
because that has worked....
No the best method is individual deals while having secondary options and protecting your own people.
We can deal with China, but if they elect to cheat, we-- THE USA-- deal with them.. not some "UN" type board. We go to our secondary option... add in the 3rd if needs be.
Posted on 5/5/19 at 1:10 pm to Jjdoc
quote:
because that has worked....
correct.
Posted on 5/5/19 at 1:14 pm to I B Freeman
Anyone that thinks making choices more expensive for US companies and consumers is good for the economy is an economic fool.
I suspect China doesn’t believe Trump can deliver a deal given the status of USMCA.
China will probably retaliate some how. I would not own Boeing or Apple or Cat after this news.
I suspect China doesn’t believe Trump can deliver a deal given the status of USMCA.
China will probably retaliate some how. I would not own Boeing or Apple or Cat after this news.
This post was edited on 5/5/19 at 1:16 pm
Posted on 5/5/19 at 1:19 pm to 93and99
quote:
They are more interested in keeping more jingle in their pockets than having good jobs in this country.
Tariffs provide neither.
The washing machine industry was propped up at a cost of over $815,000 for job
Does that sound like good economics? It costs jobs in other sectors.
Posted on 5/5/19 at 1:21 pm to I B Freeman
Over or under 1000 point loss on Dow.
Posted on 5/5/19 at 1:25 pm to RogerTheShrubber
quote:
The washing machine industry was propped up at a cost of over $815,000 for job
America first ! frick China !
Posted on 5/5/19 at 1:28 pm to I B Freeman
quote:
I suspect China doesn’t believe Trump can deliver a deal given the status of USMCA.
word starting to slip out about them frustrating our negotiators
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