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Trump reportedly overruled advisors in decision to slap tariffs on remaining Chinese imports
CNBC ^ | Published 10 Hours Ago Updated 6 Hours Ago | Spencer Kimball | @spencekimball

Posted on 08/04/2019 11:56:46 PM PDT by cba123

click here to read article


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To: JonPreston
Now my winter pajamas in Walmart are going to cost $3.00 more than last year!!!

______________

You won't need 'em with all this Globull Warming.

****

ps --- thanks for missing one of the extra points in yesterday's game.

;-)

21 posted on 08/05/2019 5:06:08 AM PDT by a little elbow grease (... to err is human, to admit it divine ...)
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To: a little elbow grease
thanks for missing one of the extra points in yesterday's game.

They were banging away! They've won 9 of the last 10 with deGrom going today at 4PM. And the Little League World Series begins at 7PM! Thank god for baseball!!!

22 posted on 08/05/2019 5:55:09 AM PDT by JonPreston
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To: JonPreston
They were banging away!

_______________________

J.D. Davis almost hit one in Lake Erie!!

Those guys can hit.

If you guys stay hot and the pitching is good you can go places! (I may have to get my Marv Throneberry shirt out.)

;-)

23 posted on 08/05/2019 6:41:19 AM PDT by a little elbow grease (... to err is human, to admit it divine ...)
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To: cba123

according to The Wall Street Journal, citing people familiar with the matter.
///////////////////////

So the Wall Street journal runs an unsourced hit piece and CNBC simply uses the WSJ as their “source” for this “story”. come on people

This is an attempt to portray Trump as an unhinged, dictatorial, loose canon who now is openly disregarding his more level headed advisors. I find it hard to believe that the same p[eople who advanced and supported the tariff strategy originally would now be openly opposing it. Even advising against this latest round of levies would not constitute opposition. This is just more fake news designed to attack and isolate the president and insure his defeat in 2020

Combine this with the “Trump is white and believes in America which makes him a white nationalist which makes him a white supremicist” and you now have the any white person who shoots someone is a white supremicist acting on Trumps orders. Dayton and El Paso have already been linked to white Trump supporters even though the evidence clearly shows both to be the products of leftist ideology and pathology.

Christian conservatives who support the constitution, regardless of their color or ethnicity can no longer accept the modifiers: white, black,or nationalist, we must insist that we are Americans regardless of race, ethnicity or national origin. If we accept their premise regarding race and nation and then try to defend ourselves they will be heading us to the gas chambers with the blessing of the deep state/media/democrat socialist government that has perpetuated this myth for the past 100 years.

I understand I’m not strictly on topic here but thanks freepers for allowing me to vent


24 posted on 08/05/2019 7:17:00 AM PDT by photodawg
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To: ConservativeMind

Easy there.

What I intended that to mean, was that Trump, unlike all previous leaders for the last 30 years, is advocating for things will actually help AMERICA.

Everyone else for thirty years, has been selling out our own country.

It is about darned time, to build up America.


25 posted on 08/05/2019 7:32:04 AM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: JonPreston
Now my winter pajamas in Walmart are going to cost $3.00 more than last year!!!

Ha! I get the sarcasm, but because the chinese just devalued/manipulated their currency down in response in order to keep export prices low, they are going to be paying a lot more for food. The farm-to-factory peasants who make sneakers won't be able to eat on their salary of Zimbabwe-yuan, and the engineers who steal our technology won't be able to afford Buicks anymore. Let's see who blinks first.

26 posted on 08/05/2019 7:45:55 AM PDT by Sirius Lee (“They are openly planning to murder you. Have a plan to prevent that.”)
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To: Sirius Lee

Now maybe my pet treats won’t poison my pets now! Those poison treats sure were cheap though.

Hey China.... you can keep your cheap shit!


27 posted on 08/05/2019 11:49:32 AM PDT by faucetman (Just the facts, ma'am, Just the facts)
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To: cba123; Zhang Fei; Hadean; All

apparently navarro has been all over the map

Top Trump adviser reportedly recommended FBI informant on Trump campaign for a senior admin job
MSN.com ^ | May 21, 2018 | John Haltiwanger
Posted on 5/21/2018, 4:29:35 PM by Hadean

Full Title: A top Trump adviser reportedly recommended the suspected FBI informant on the Trump campaign for a senior administration job

http://www.freerepublic.com/focus/f-news/3657066/posts

apparently trump and his family are still pretty much alone up there. i just hope he never steps outside of his security detail and also that he and pence never get on the same plane together (it would probably never get off the runway)


28 posted on 08/05/2019 5:32:47 PM PDT by SteveH (intentionally blank)
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To: amihow; All

apparently that interview is behind some kind of subscription wall.

i did find this

https://www.youtube.com/watch?v=hNsqZ1tqagQ


29 posted on 08/05/2019 7:51:45 PM PDT by SteveH (intentionally blank)
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To: SteveH

That video confirms my opinion.Navarro did not back down from position that predictions have not happened and state do not tell true story. He is willing to play hardball with eye on longterm, as is Trump.


30 posted on 08/05/2019 8:22:49 PM PDT by amihow
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To: amihow

Here is the interview, It’s a good one.

https://www.cnn.com/videos/tv/2019/07/29/trade-talks-china-trade-war-devalue-dollar-peter-navarro-aman.cnn/video/playlists/amanpour/


31 posted on 08/05/2019 8:46:48 PM PDT by CaptainK ('No collusion, no obstruction, he's a leaker')
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To: CaptainK

It will not play. Sure it is good. Thanks.


32 posted on 08/05/2019 9:28:15 PM PDT by amihow
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To: amihow; CaptainK; Hadean; All

I think the amanpour interview was actually rather good, although amanpour of course to the liberal contrarian point of view (if she had not done this, the interview in fact might have become more boring and less informative than otherwise imho). (i did notice that amanpour apparently landed a glancing blow with her last question on global warming, which navarro chose to avoid answering by deflecting and claiming that it was not his lane or something like that.)

anyways, imho navarro was correct to take the larger perspective on the economy and claim that the china trade policy was a smaller part of the larger picture. i believe that he could also have stated that a relatively short period of downwards harmonization on both sides. harmonization is the word economists use when they want a trade deal such as nafta passed. it means adjusting or normalization of whatever differences exist between two countries involved in a trade agreement— eg wages, prices, working conditions, environment, etc. it is especially used when something is going to have a perceived harmful effect on the US side. However, i do not hear the term used much anymore, and i have to conclude that the only difference between now and 1993 is that the economists were in favor of what in many cases turned out to be downwards harmonization for usa workers due to nafta, gatt and wto in 1993, and not in favor of fighting china by using justifiable tariffs and seeking a new and more fair trade deal in 2019 despite the possibility of some temporary downwards harmonization of agrabusiness exporters and so on, and temporary price hikes while the usa retools for moving manufacturing back from china, now. ultimately jobs will come back and prices will drop again whether or not china complies with trump’s demands.

also, trump has to be aggressive now. he is playing the game theory game of chicken with china. china as we may recall agreed to a trade deal a few months ago and has now reneged. why then does the press call trump to the mat for being aggressive when it is china who has reaffirmed their aggressive trade policies and reneged on a handshake for the new fair trade aggreement? what do economists (and presstitutes) have that makes them apparently so uniformly against fair trade?

the chicken game trump and china are playing has been described as two cars driving towards each other on a collision course at top speed until either one of the cars swerves or the two cars collide. i think this analogy is wrong. the game is actually more like a reversible train wreck in slow motion, and one side (usa) has the advantage. usa has several advantages over china. china still has to steal much IP in order to remain competitive. the usa generates IP. much of the research coming out of china (unless it is, for example, cancer research based on illegal tissue experimentation and exploitation, etc) is derivative drivel. by the time it is published (unless it is armaments related) the world has moved on and the results are obsoleted by the target industry. everyone knows china cheats, lies and steals in their marketplace, which places a natural drag on commerce both inside and outside china. yes, their market is bigger but no, it is not friendly to foreign corporations in the long term.

trump needs to take the initiative on the trade front now rather than let china make the first moves. the reason is that china is actively seeking to undermine trump in 2020 via predatory trade practices and undermining new informal negotiations. the hope in china imho is that the usa voting population will turn on trump. this hostile political stance fueled by a hostile trade stance is what compels trump to take decisive action on raising tariffs now rather than wait for china to land further blows as the 2020 election draws near. china has no elections to speak of, so they gravitate towards hitting trump in the place where they believe he is at his weakest, by strengthening his domestic political enemies in the 2020 election voting public. trump retains the initiative by being unpredictable, and raising the tariffs now imho probably threw china off base for a while. if this article is true, it was also not expected by his advisors and threw trump’s advisors off base as well.

that’s ok for the usa, because trump’s advisors are not running for re-election and all they need to worry about is their cushy revolving door jobs in the beltway and industry once they are out of trump’s administration. trump has to be concerned with re-election because he wants to finish what he started and accomplish more along the lines of what he started by winning in 2016 and fulfilling his 2016 campaign promises to make the usa great again.

so i think trump will continue to whipsaw china so long as they do not agree to a usa-friendly fair trade deal and he will use china as a whipping boy (whipping girl? whipping child? whatever) in the upcoming election campaign because the alternative is to let the liberals and democrats do the same to him. the best defense is a good offense. after the election, the chinese have much more to worry about because trump has nothing to lose by going for broke. trump knows this and knows that it is causing china to become increasingly desperate. trump is pre-empting a china trade offense by his own offense. hopefully the strategy will work. it does however have the side effect of leaving most of the usa MSM (and so also the dimwit liberal half of the usa voting electorate that follows the MSM word with bible clutching fervency) in the dust.


33 posted on 08/05/2019 10:12:42 PM PDT by SteveH (intentionally blank)
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To: SteveH

Obviously you are really informed on the issue.

I am not, but have some knowledge. The NAFTA deal allowed Mexico to send us exports with no tariffs or taxes. The opposite not true. But I hear if Trump does try to impose tariffs and taxes on Mexico, there is no way to collect because computers and software not there. If China is the same, result may be same and it is all smoke and mirrors.


34 posted on 08/05/2019 11:03:32 PM PDT by amihow
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To: amihow

as a former software engineer, i am not certain what you mean by “there is no way to collect because computers and software not there.” no treaty has been signed yet, so there of course there will not be any computers or software for a treaty that has not been signed; it would seem at least to me to be premature to design and build such a system. otoh i am reasonably certain that suitable computers and software packages exist, although some components might have to be reconfigured or extended. you claim that software for tariffs does not exist, but there are software packages for virtually everything, and tariffs have been with us for thousands of years up through the present day in virtually every country in some form or another, and most of the work beyond physically verifying the contents of a shipment at a port of entry, a physical labor job, is taking tabulating the shipment contents, calculating the tariff rate for each item, totalling the results for the shipment, charging the licensed importer/exporter agent, grabbing a payment from the agent and depositing it in a bank account. keeping track of something like that sounds to me from the high level like a relatively straightforward accounting application. it does not sound like cutting edge rocket science, requiring years of research and development. therefore your point seems to be at least in some way a truism. it is possible that i am missing something in your response.


35 posted on 08/06/2019 12:12:57 AM PDT by SteveH (intentionally blank)
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To: amihow

one could add to my initial description of a computerized tariff tracking system, software methods for tracking late payment penalties, correction mechanisms, and pre-payment options. those are all well understood accounting concepts which undoubtedly are implemented in many other computerized accounting systems.

however, it still does not sound like rocket science to me.


36 posted on 08/06/2019 12:16:29 AM PDT by SteveH (intentionally blank)
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To: amihow

did you come up with this yourself or did you read it in a publication? if the former, did you publish the info in a publication? either way, can you provide a citation? i am a bit skeptical of publications as it seems to me that much of what passes for economics these days is in fact nonsense dressed up with intimidating-sounding, obscure terminology. (yes, i admit that i have my biases.)


37 posted on 08/06/2019 12:22:48 AM PDT by SteveH (intentionally blank)
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To: SteveH

Do not have reference, nor make it up. Heard it from a Customs Broker when Trump said would impose tariff on Mexico.


38 posted on 08/06/2019 5:27:10 AM PDT by amihow
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To: amihow

aha. then, it sounds imho indistinguishable from a guy with a vested interest in the status quo and just wanting to kick up some dust. back to you...


39 posted on 08/06/2019 1:04:26 PM PDT by SteveH (intentionally blank)
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To: amihow

fyi, my first significant post-collegiate tech job was working as a R&D engineer on a corporate manufacturing accounting package for a start-up.


40 posted on 08/06/2019 1:08:41 PM PDT by SteveH (intentionally blank)
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