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To: Jim 0216

A gentlemen on Tom Sullivan the other day, a Chinese markets expert, (forget his name, sorry) said something to the effect of...

It will be impossible for Trump to start a trade war with China.
.
.
.
The best he can hope for is to engage China in the war they have already day been fighting for years.


68 posted on 03/15/2016 8:05:33 AM PDT by BlueNgold (May I suggest a very nice 1788 Article V with your supper...)
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To: BlueNgold

Right, and I’m a Trump supporter.

FYI, in case you and/or others are interested, here’s my re-posted spiel on the trade thing which is a pretty big deal and if handled correctly could bring us roaring back to a robust and growing GDP...

Trump says we lose $500 billion a year in trade to China every year. But that is false and misleading. Our imports from China in 2015 totaled close to $500 Billion. He and the “trade deficit” folks call this a $500 billion LOSS. But of course it is not a loss because we traded dollars for goods.

Did I lose $100 when I bought my groceries the other day? Of course not. I got groceries for money. I didn’t LOSE when I paid for the groceries I needed. And what Trump is proposing is instead of me paying, say, $100 for goods from China, I’ll be forced to pay more, say, $200 for the same thing because of these tariffs (taxes) and protectionist measures.

Taxing imports to try to force companies to stay here doesn’t solve the problem. Everybody loses and the consumer now has to pay higher prices because the government has put a 35% tax on incoming goods.

The tax (tariff) doesn’t hurt Mexico (or any importing country) - the prices (“A”) are already contracted for between Mexican and U.S. distributors. Mexico only pays A. The tariff/tax (“B”) forces the costs of these goods to go higher as they enter our country forcing higher prices at the local distributor for the American consumer who has to pay for A PLUS B. So it’s the American consumer that is really paying for the wall and exited businesses in the form of higher prices forced upon them by these tariffs. Our tariffs directly injure the American consumer and, thus, the American economy.

So not only do tariffs not address the root causes of business moving out of America, they make matters worse. Trump needs to address the ROOT CAUSE of losing our businesses: the FEDERAL GOVERNMENT. The federal government has created an unfriendly business environment in the U.S. with boneheaded policies like

- minimum wage

- taxes

- regulations

- federal protection of unions

Again, the issue is the unfriendly American business environment and weak American competitiveness caused by the skyrocketing costs of doing business due to GOVERNMENT INTERFERENCE like taxes, minimum wage, regulation, and unions. Address THAT and business will WANT to return/stay because of cost benefits.

Let the voluntary cooperation of the market economy free of government interference work. Don’t layer more government interference upon that which is the root cause to begin with.


78 posted on 03/15/2016 8:22:07 AM PDT by Jim W N
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