https://www.entrepreneur.com/article/269632 ..."But Trump is wrong on his remedy. Just because China deserves to be punished doesn't mean it should be. Tariffs aren't the answer, since they will hurt the U.S. economy more than China. Tariffs are the third Martini of economics. They make us feel good, even though we know deep down we probably shouldn't have them and we're certain we'll feel some nasty effects in the morning. They really never help an economy, which is why very few economists actually push for them. " Trump is a blowhard assclown with out a lick of sense. The man has failed times over even given the silverspoon up his arrogant tailpipe. I don't get the Trump cult, I really don't. Trump will make every single American worse off than they are now. Oh BTW, who was the last president to try his hand at high tariffs? That's right Mr Obama. How'd that work out?
the us economy is toast anyway with a 0% GDP this quarter, most of our GDP was lost to nafta and china taking away our companys..
The Tariff tax. The Confederacy almost appeared 20+ years earlier over tariffs. Tariffs make (*)(*)(*)(*) more expensive for the consumer.
and also forces company's to relocate back here.. a little inflation is good if is goes into our own country with taxes/tariffs then chinas or mexicos
Saddled with regulations and paying for those, taxes and paying for those, minimum wage and paying for that, overtime and paying for that (these things hurt both employers and employees, less money all around), etc. Right now the gov't is an enemy to the economy, picking the winners and losers, etc.
Tariffs are common, every nation has them, we have 12,000 or so ourselves. http://www.export.gov/logistics/eg_main_018130.asp http://www.businessinsider.com/americas-biggest-tariffs-2010-9 The threat of Tariffs is often used to get countries to open their markets further to our goods or to protect certain of our industries from foreign producers. Hillary is a fat ugly corrupt little warmonger.
i have no ide how it would hurt the US economy more than china. https://tsukesthoughts.wordpress.com/2016/04/22/china-trade-war/ the products we sent them are mostly raw materials! that they process and sell back to the US. The one thing we do sell them is soybean. We gave up the japanese and south korean markets to sell to china. The customers are still there if we want them. Now take a look at what china sells to the US and the volumes that they do. No other country has the credit to absorb that and it would affect every major chinese industry. Obama must think only china produces tvs and computers. I can find 5 other countries that do. why do economists not push for them? Because they are all globalists! it doesnt matter for them whats best for the US it matters whats best for the globe. If the US needed to be sucked dry to provide for everyone else (happening now) they would reccomend that.
Support for the transatlantic trade deal known as TTIP has fallen sharply in Germany and the United States, a survey showed on Thursday, days before Chancellor Angela Merkel and President Barack Obama meet to try to breathe new life into the pact. The survey, conducted by YouGov for the Bertelsmann Foundation, showed that only 17 percent of Germans believe the Transatlantic Trade and Investment Partnership is a good thing, down from 55 percent two years ago. In the United States, only 18 percent support the deal compared to 53 percent in 2014. Nearly half of U.S. respondents said they did not know enough about the agreement to voice an opinion. http://www.reuters.com/article/us-europe-usa-trade-idUSKCN0XI0AT
the problem with citing "economic" issues using internet editorials, is you still don't have an economics degree and understand the TRUE impact... and the reason behind it, and how you can leverage those results... first, I want you to read something, try to understand it, its pretty straight forward and I only need you to absorb the first part... http://www.realclearmarkets.com/docs/2015/08/US%20Exposure%20to%20China%20_%20Aug%202015.pdf in the second paragraph for that initial summary statement, we see china is only responsible for 7% of US exports, which is only 1% of our GDP overall... its literally NOTHING in the grand scheme of things, especially when we realize american companies only receive 2% of their incomes from china as a result of all this... now when you flip that picture around, and see just how much of chinas economy depends on america, its not even a fair ballgame if we decided to "cheat", there is nothing they could do to impact or stop us in any meaningful way... they would be at our mercy as to when we decided to stop cheating and impacting their economy... the old adage, "you need me, far more than I need you" stands true in this scenario... while americans would pay a couple cents more per good... it would do almost nothing to negatively impact our overall economy, especially since most manufacturing has shifted away from china and is still continuing that route even today... China would be severely impacted by tariffs, and to be frank, its time america got some balls and put tariffs on many things anyhow since they have a long history of violating treaties we put in place decades ago, through their currency manipulation, their direct and indirect subsidization of industries to sell exclusively to america in order to harm our companies trying to make the same goods... I mean its a clear treaty violation when they subsidize companies goods sold to america, and we've done nothing but watch company after company either switch to manufacturing there or simply go out of business as a result of these current treaty violations... so not only would tariffs finally turn Chinas robust 6% growth rates to 0%, which would cause a lot of harm to their currency and economy, it might tilt it into the negatives as their own blooming capitalist economy is forming which would be self-sustaining internally in the next decade or so... we might be able to throw them back 10-20 years if we were to not just apply tariffs for the sake of applying tariffs, but to enforce actual treaties already signed and on the book saying we SHOULD apply tariffs... so no, america won't be harmed by punishing china, but yes, china will be greatly impacted by us upholding current treaties and their clear violations of it... they really do need us more than we need them right now...
Hey. Like it or not, we can't compete with the labor costs of such as Mexico and China. Why ? Because their workers accept a much lower standard of living. Letting cheaply produced products overtake our markets has and will continue to shift jobs overseas. It really is that simple. Your view of such is simplistically uninformed.
...you understand that's a graph of GDP *growth* right? - - - Updated - - - And that takes time. Do you think factories just get built overnight? What do consumers do for the months or years it takes to build new factories during which they have higher prices and no increase in income?
The Confederacy almost disappeared because they were as China at the time, exporting cotton and foodstuffs, which they had plenty of, while also needing to import virtually all manufactured goods. We can easily manage higher prices to bring manufacturing back to the US.
It's funny watching democrats support policies that take jobs out of the USA now that Trump is against Nafta. Never thought I'd see the day where democrats say (*)(*)(*)(*) blue collar workers because I want 5 cent forks at Wal Mart.
They artificially drive up prices, which leads to decreased demand. In the short term, they can cause a supply shock, which can lead to a recession.
Yes, factories cam be built pretty much "overnight" when you look at how long they are in use. I personally all have seen billion dollar factories built and up and running in a matter of a couple of years, not many years.
And for two years, what do people do when the goods that factory would produce cost 20 or 40 percent more? Do most American consumers have that kind of margin with their income to afford their costs going up? Considering our negative savings rate, all you would be doing is driving even more Americans into debt.
Trump has said (*)(*)(*)(*) you to blue collar workers for decades already. His actions speak louder than his words and he isn't going to do something that will hurt his and his family's product lines. As I've said before, part of me would like to see Trump as president just so the cons can see what a disappointment he really is when he doesn't do what he has promised.
Of course they do, and they also ship jobs over seas. Gorn , when did the memo circulate that told democrats to become pro Nafta and anti jobs ?
