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Posted on 5/5/19 at 1:31 pm to RogerTheShrubber
quote:
Tariffs provide neither.
The washing machine industry was propped up at a cost of over $815,000 for job
LMAO!
Here we go again.
Posted on 5/5/19 at 1:33 pm to RogerTheShrubber
quote:
Trade between nations , even if unilateral benefits a nation greatly and makes one wealthier.
Trade with China is not balanced.
Posted on 5/5/19 at 1:34 pm to Jjdoc
The washing machine industry was propped up at a cost
Rinse/repeat
Posted on 5/5/19 at 1:35 pm to I B Freeman
quote:
by I B Freeman
Good grief. Don’t you ever get tired of being wrong in this one topic?
Posted on 5/5/19 at 1:36 pm to 14&Counting
quote:
Trade with China is not balanced.
Trade imbalances are a sign of increasing wealth
If your job cost more money by government intervention to create than it is a benefit to the consumer, it is a net negative to capital resources.
It's an economic destroyer, not creator.
Posted on 5/5/19 at 1:37 pm to I B Freeman
quote:
Over or under 1000 point loss on Dow.
So, I take it you’ll be shorting your life’s savings Monday?
Posted on 5/5/19 at 1:39 pm to Tesla
I haven’t been wrong yet except when I predicted Trump was coming to his senses and the trade war would soon be over.
Posted on 5/5/19 at 1:41 pm to Tesla
If I could short the index today I would. It is going to open down in a huge way unless he tweets some retraction.
The general attitude was this deal was done and now it is obvious it is not.
If he puts the 25% on and expands the list to include real finished goods (these have been spared tariffs for the most part) it will cost him the election.
The general attitude was this deal was done and now it is obvious it is not.
If he puts the 25% on and expands the list to include real finished goods (these have been spared tariffs for the most part) it will cost him the election.
This post was edited on 5/5/19 at 1:44 pm
Posted on 5/5/19 at 1:42 pm to I B Freeman
quote:
I haven’t been wrong yet except when I predicted Trump was coming to his senses and the trade war would soon be over.
Wait, what? Weren’t you the poster who has predicted immediate doom since the day the tariffs were announced? Are you using Bernie as a financial advisor because you two are the only ones who can’t see how successful this has been for the economy.
Posted on 5/5/19 at 1:44 pm to Tesla
quote:
Weren’t you the poster who has predicted immediate doom since the day the tariffs were announced?
maybe you should get some clarity on his actual position before deciding on what his position has been on your own
Posted on 5/5/19 at 1:45 pm to I B Freeman
quote:
The general attitude was this deal was done and now it is obvious it is not.
probably wasn't even close, despite the repeated delays he already granted
quote:
If he puts the 25% on and expands the list to include real finished goods (these have been spared tariffs for the most part) it will cost him the election.
i don't know about all that though
Posted on 5/5/19 at 1:49 pm to Tesla
These tariffs have added NOTHING to the economy.
I was the one that pointed out the huge reserve currencies the Chinese have giving them a tool to fight any tariffs.
I guarantee you Boeing’s arse is tight right now and they are ringing Ross’s phone.
It would help Trump if he could actually deliver a trade deal—he has not. I suspect that 2 trillion in spending he announced with Pelosi is a tool he is trying to use to bribe the dems to pass USMCA.
Doesn’t take a lot of negotiation skill to buy votes.
I was the one that pointed out the huge reserve currencies the Chinese have giving them a tool to fight any tariffs.
I guarantee you Boeing’s arse is tight right now and they are ringing Ross’s phone.
It would help Trump if he could actually deliver a trade deal—he has not. I suspect that 2 trillion in spending he announced with Pelosi is a tool he is trying to use to bribe the dems to pass USMCA.
Doesn’t take a lot of negotiation skill to buy votes.
Posted on 5/5/19 at 1:52 pm to 90proofprofessional
They will be much more apparent at retail. Finished electronics for example have not been tariffed yet.
This will cause importing manufacturers and distributors to scream across the country.
This will cause importing manufacturers and distributors to scream across the country.
Posted on 5/5/19 at 1:56 pm to I B Freeman
quote:
They will be much more apparent at retail. Finished electronics for example have not been tariffed yet.
he was still holding off on that one per the tweet
pretty sure he was just talking about going to 25 on the stuff that's at 10 now
but yeah, that one would be more directly noticeable, although i think china would actually bear some of the incidence of the tariffs on that retail-heavy stuff. (i assume you saw the report where they estimated posthoc that the entire brunt of the ones so far have been borne by us consumers, not us producers, and not foreign producers. exactly contrary to what trump's saying here, but of course that's no surprise)
This post was edited on 5/5/19 at 1:59 pm
Posted on 5/5/19 at 1:59 pm to 90proofprofessional
2–1 this trade war ends quickly if China cancels their Boeing orders.
This post was edited on 5/5/19 at 2:00 pm
Posted on 5/5/19 at 2:15 pm to Homesick Tiger
I don't see it lasting long. No way China can let the jobs shift to India and other low cost labor countries. They will never get it back.
Posted on 5/5/19 at 2:17 pm to Tiger Roux
No way Boeing losses a order is the more appropriate argument.
Posted on 5/5/19 at 2:18 pm to Tiger Roux
quote:
No way China can let the jobs shift to India and other low cost labor countries
no it's all supposed to come back to the us of a
Posted on 5/5/19 at 2:28 pm to RogerTheShrubber
quote:
It's a de facto tax on American citizens
Our small gov’t Rs love protectionist tariffs (taxes).
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