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Orange Blooded [2699]
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Anybody want to opine about trade tariffs?
Mar 2, 2018, 6:25 PM
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CU Economics Degrees encouraged.
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All-In [47708]
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25 years after NAFTA and Mexico's biggest export to USA
Mar 2, 2018, 6:44 PM
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is still Mexicans. We're becoming MexAmerica.
Bush Republicans from the 1990s granted China most-favored-nation status and threw open America's market. Result: China has run up $4 trillion in trade surpluses with the United States. Her $375 billion trade surplus with us in 2017 far exceeded the entire Chinese defense budget.
Our trade policy with Red China has created the Chinese Dragon which is, by far, our biggest international foe and threat to international stability in the 21st Century.
You can talk about tariffs with an economics person all day but unless you look not only at the fiscal and monetary impact but also at the geopolitical impact, you're wasting your time.
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Orange Blooded [2699]
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China is probably a good place to start when discussing
Mar 2, 2018, 7:15 PM
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trade, although I wouldn’t be so remiss to say that NAFTA is a US/Mexico population swap. We do a lot of trading with both.
Geopolitically, China will soon pass the US in world influence if they haven’t already. Much of that can be attributed to the gap in trade between the two. What US consumers realized was that products made in countries with 3rd world labor laws were much less expensive to purchase, as did US manufacturers. There isn’t much that can be done about that unless the US and the rest of the world decide they want to pay more for the same product. They don’t, so China became rich on our consumer economy.
The number one item to take to China’s leadership, and it’s not close, is the stealing of intellectual property. Trillions of US dollars are lost in R&D to companies in China that rip it off.
As far as trade deals, what do we say to China? Do we make them buy US goods? This part I can’t wrap my head around.
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Hall of Famer [22748]
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Tax consumers to subsidize US production is bad economics
Mar 2, 2018, 7:57 PM
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Plus it will often lead to retaliation on our own exports.
We should only worry about the US benefits. Just because a trade deal benefits another country more, doesn't mean that the US isn't also seeing a benefit.
Like being upset that a kid in the sandbox has more toys than you. As long as we're happy, who cares?
I'd prefer we not have so much protectionism.
(and I have an Econ degree from Clemson, though I've forgotten more Economics coursework than I've learned since graduation)
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Orange Blooded [2699]
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On point
Mar 2, 2018, 8:12 PM
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The one point you mentioned - retaliation - is worrisome. We are unprepared to be self-reliant, and therefore will still rely upon imports. Imports that will be taxed by countries that don’t import nearly as much from us as we do from them.
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110%er [6101]
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Bush and Obama implemented heavy tariffs.
Mar 2, 2018, 8:33 PM
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And no one freaked out. Trump does the same thing and the media mouthpiece pushes the message that it's disasterous. So naturally, the braindead sheep in this country will follow and just parrot the narrative they heard on TV. When do their street protests start?
http://archive.is/0qYPF
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Hall of Famer [22748]
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I seem to remember plenty freaking out
Mar 2, 2018, 9:12 PM
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Romney even blasted Obama back then. I thought Trump didn't want to follow any of Obama policies? The unions are happy right now.
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Orange Blooded [2699]
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110%er [6101]
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Re: So your opinion on tariffs is what then?***
Mar 3, 2018, 10:32 AM
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This is a play by trump to get countries to locate their factories here. He campaigned on restoring the US as a manufacturing hub as it once was.
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Team Captain [482]
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Re: Bush and Obama implemented heavy tariffs.
Mar 3, 2018, 10:37 AM
[ in reply to Bush and Obama implemented heavy tariffs. ] |
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And no one freaked out. Trump does the same thing and the media mouthpiece pushes the message that it's disasterous. So naturally, the braindead sheep in this country will follow and just parrot the narrative they heard on TV. When do their street protests start? http://archive.is/0qYPF
Sounds like you have been glued to Fox (fake) News. It's just like Global Warning (GW). Fox is directing TheRump to ignore GW, because some fatcat mfrs don't like the positions of the anti-GW scientists. But, of course, TheRump is smarter than 80% of the scientists in the world. As he keeps telling us. (He's an idiot; but he can scam the Fox News followers. Sad.)
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110%er [6101]
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Re: Bush and Obama implemented heavy tariffs.
Mar 3, 2018, 11:00 AM
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I don't watch TV news. It's entertainment, not news.
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Oculus Spirit [82769]
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Hall of Famer [23689]
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The fundamental treatise on economics written by Adam
Mar 2, 2018, 10:34 PM
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Smif opined that tariffs never work and are almost impossible to remove. He has never been proven wrong.
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Replies: 12
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