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Trump's trade agenda on the verge of imploding

Discussion in 'American Politics' started by FreeinChrist, May 13, 2019.

  1. W2L

    W2L Well-Known Member

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    You dont seem to have any answers, only criticism.
     
  2. TLK Valentine

    TLK Valentine You will be who you will be. We are our choices.

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    kooky idea here -- by actually making better products here in the states?
     
  3. USincognito

    USincognito Milk-Bones for Cerberus is a cool album name Supporter

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    I answered your original question.
     
  4. Shiloh Raven

    Shiloh Raven "After all this time?" Always.

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    I heard from someone that arguing over politics is a waste of time. o_O
     
  5. essentialsaltes

    essentialsaltes Stranger in a Strange Land

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    Right, since the US tore up TPP, maybe China will politely ask if they can get in on that action.
     
  6. W2L

    W2L Well-Known Member

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    We cant compete with cheap labor.
     
  7. W2L

    W2L Well-Known Member

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    Your right, its futile to debate this because peoples minds are made up already.
     
  8. TLK Valentine

    TLK Valentine You will be who you will be. We are our choices.

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    We could with advances in automation. Paying a few highly trained specialists to maintain the machinery is cheaper than paying a horde of unskilled labor.
     
  9. Shiloh Raven

    Shiloh Raven "After all this time?" Always.

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    It's true that some debates can be futile, but other debates can be very effective. I've been able to change a few minds over the years on certain issues and I've had my mind changed too.
     
  10. jgarden

    jgarden Senior Veteran

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    Trump's trade agenda on the verge of imploding

    its no secret that whatever chance Trump has of being re-elected in 2020 rests with a strong economy!

    Mid-West farmers rely heavily on the Chinese market - how loyal will they remain to a President who has deliberately provoked a crisis that he may not be able to rectify?
     
  11. W2L

    W2L Well-Known Member

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    I doubt any liberal wants to admit that we need to bring back manufacturing jobs from china.
     
  12. Stormy

    Stormy Senior Contributor

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    Goods exports totaled $129.9 billion; goods imports totaled $505.5 billion.

    China has so much more to loss in a tariff war. Trump has said that he will use some of the tariff funds to buy from the farmers and give food to countries in need.

    We will win
     
  13. christine40

    christine40 Well-Known Member

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    WE have so much more to lose

    so, so many companies go to China to have parts and/or finished products produced
    now their goods will come with added cost which will be put on consumers

    companies are not going to start making more goods in U.S. because cost of healthcare/benefits for employees is too expensive
    over the yrs where husband works, they've almost halved amt of employees and increased getting goods from China because the cost of mfr in U.S. too high

    get ready to pay more for goods
     
    Last edited: May 13, 2019
  14. jgarden

    jgarden Senior Veteran

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    China is not a democracy so its leadership is under no time constraint to make a trade deal before the 2020 Election - if they think they can get a better deal with a different Administration, they can wait Trump out!

    Those "tariff funds" that this President has so generously promised to American farmers aren't coming from China, they represent those additional costs that the American consumer will being forced to pay for the same imported products!
     
    Last edited: May 13, 2019
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  15. jgarden

    jgarden Senior Veteran

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    If it were all that easy, American presidents would have solved it decades ago - the Republican Party is largely being bankrolled by international corporations who may not consider it in their best interests that by paying higher wages to American workers their products become less competitive on the world markets!

    Imposing tariffs contradicts the traditional Republican approach to trade - GOP politicians must be "biting their tongues" to remain silent while this President overrides everything that conservatives once stood for!
     
    Last edited: May 13, 2019
  16. mark46

    mark46 Well-Known Member Supporter

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    First, I do agree that tariffs are almost always economically harmful, no matter what their political effects.
    ========
    But the situation is not as clear as you paint it. If the cost of a parts being imported by GM goes up by $200, ONE option is for GM to simply charge more to the consumer. Just as likely is that GM's profits would go down as GM is forced to absorb the cost, since the amount that the consumer is willing to pay for the product hasn't change. After all, if the consumer was willing to pay $500 more, GM would be charging $500 more and pocketing the additional profits.

    A particular product is bought from China because it makes economic sense to do so. Sure, it is possible that with a 20% tax, China's product is the still the best choice. More likely is that it is not.
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    WHAT HAS HAPPENED SO FAR?
    There have been lots of tariffs (taxes) put on Chinese goods by Trump, and retaliatory tariffs put on us by China. The result is that we are buying less from China, and they are buying less from us. The deficit with China is way down, just as Trump wanted. HOWEVER, the total trade deficit is up. Consumers are actually buying MORE imported goods, rather than less, just not from China.

    I'm fine with this result. Sure, some of our industries are hurt. There will be a transition as our companies become less dependent on sales to China. Again, this is a good thing, and Trump, like politicians in the past, will subsidize the farmers who are unable to compete on the world market.
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    AS AN ASIDE
    I certainly believe that Trump needs to reduce or eliminate tariffs on aluminum and steel, or certainly give waivers to China, Mexico and some of the EU countries. We are in an economic war against China, who cheats in their economic dealings. So, we should be in such a "war". There is great support in Congress for our efforts against China. Trump needs to stop fighting with our economy allies.


     
  17. mark46

    mark46 Well-Known Member Supporter

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    Farmers sold less goods to China, and have been greatly harmed. So, Trump subsidized farmers to the tune of $10B and wants $15B for next year. The consumer is paying more for Chinese goods, but the subsidies are not related to those purchases. Consumers are often choosing to buy goods from other countries, benefitting other countries and hurting China. The issue is that companies that EXPORT to China are harmed. They are forced to find other places to sell their goods, by definition at lower profit margins. The bottom line is that Trump wants to raise taxes to subsidize farmers who cannot compete, a time honored political position.

     
  18. mark46

    mark46 Well-Known Member Supporter

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    You do understand that the consumer is NOT forced to purchase goods from China at higher prices. But, yes, products made in China will cost more.

    Sure, the consumer would prefer to pay a bit less for Chinese products produced by subsidized Chinese companies with their low priced Chinese labor. Is this a good thing for the US? The consumer may not be willing to pay the high price of similar products produced in the US, but we certainly can choose to buy from countries other than China. And yes, the costs will be a bit more than before, but not 20 or 25% more that we would pay if we bought Chines goods.
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    BOTTOM LINE
    US trade with China is declining. We are buying less FROM China. We are selling less TO China. Perhaps, this is GOOD thing. Other things being equal, perhaps it IS better if we purchase more good from South Korea and less from China. Perhaps, it is better that we import less.

     
  19. christine40

    christine40 Well-Known Member

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    of course not, but try to find American made products for everything you purchase

    looking around husband's office here:
    battery in phone-made in China
    small sample purell from local college-made in China
    Bose- made in China
    Sony camera-made in China
    little foam brush-made in China
    portable heater-made in China
    canon printer-made in Thailand
    computer keyboard-made in China
    child's easy bake oven sitting in office-food pkts made in US but all other components made in China & packaged in China
    acurite humidity/temp-made in China
    thinkfun CODE programming game-made in China
    swivel chair-made in China
    pure bristle paint brush-made in Indonesia
    everbilt wire brads-made in Taiwan
    pen refill in drawer-made in China
    desk & cabinets- made in U.S (by husband)
     
    Last edited: May 14, 2019
  20. USincognito

    USincognito Milk-Bones for Cerberus is a cool album name Supporter

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    I just took my blood pressure and checked. My automated sphygmomanometer is made in China. No wonder I get such good readings when eat Chinese food.
     
    Last edited: May 14, 2019
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