Posted on 05/30/2019 10:36:06 AM PDT by Mariner
So I caught up with a fellow Masters degree student from our small college in Western Colorado. Our degrees were in 1970, and we met online about 2000. “What did you do?” They guy proudly says he lived in China much of his career in the business of deconstructing American factories and then setting them back up in Red China. Also a proud Clinton supporter. Machinery, manuals patents, the whole works.
I don’t care if *ALL* the Chinese crap we buy goes up hundreds of percent.
They are the real enemy. We can crush Islam, we can secure the borders, we can deal with Putin, but the Chinese know in their very souls that they should be the sole superpower in the world and that the rest of us are mere barbarians. And they can play a ‘long game’ politically that the US and Russia and Europe cannot.
Walmart’s executives should be hung as traitors. I’ll weave the rope out of good ol’ American hemp myself.
I talked to CEO's from our suppliers and they are intent of vacating China all together to avoid tariffs and to stop the counterfeiting of their products. They said getting out of China should have occurred years ago but they had no incentive until Trump imposed the tariffs.
Yes...I have a Jones New York raincoat made in USA...over 30 yrs old...and many other items over 25 years old...and I still like them. (And can wear them, luckily)...Most of todays clothing (and other items) is disposable
Translation: 70% of consumer goods are imported or are significantly dependent on imports.
And that is as HUGE problem. George Washington warned us against foreign entanglement and that’s about as entangled as it gets.
No love from me to Walmart but just exactly what laws have they broken that would make them eligible for death by hanging for treason?
new report by Citi estimates the impact of additional tariffs on virtually all Chinese imports would be far worse than what consumers have seen so far, because the first round of tariffs focused mainly on capital goods, not goods consumers purchase directly.
As with so much of the information surrounding ‘climate change’ and the fact that so much of the research and papers have never been challenged, has anyone been able to read this report and challenge their opinion? Or are we supposed to take this as Gospel, because some big banks and their puppets in Congress want us to keep rolling over for the Chinese since they’re all so heavily invested with them?
Isn’t there are reason that the President has been courting India and other countries in SE Asia to start spreading the wealth and take all that control from China and it’s cheap manufacturing apparatus?
The Chinese nightmare is supply chains, manufacturing and R&D moving to Taiwan, Malaysia, Viet Nam and India.
It keeps them awake at night.
And it is politically a great boost for American interests.
The geopolitical implications cannot be overestimated.
China will yield to Trump’s demands, then start chipping away at the loss. It’s what they do.
The only obstacle at this point is the embarrassment the government will suffer when forced to surrender. And that has political implications all it’s own.
Exactly right -- companies in China have moved production to Vietnam and other Asian neighbors in order to circumvent the tariffs, and they've been nimble about it. Meanwhile, inventory at The Dollar Tree will be adjusted, then adjusted back.
Selling cheap Chinese crap :-)
How in the hell did we get here in the first place, I though this country learned its lesson many years ago with Japan!! I remember saying back then that Japan lost the war SO they just came over and bought the place!!! Now our country is in the clutches of a communist country!!!
It is war. War to restore USA to sound economic footing.
Fight it, or perish.
Yup. All these chicken-little weasels are pitiful. First, the affects will be negligible, and second, God help those sissies if we ever got into a shooting war like WWII with gasoline coupons and saving aluminum gum wrappers for wartime production. We’ve become so complacent, spoiled, and fat riding around in plastic carts in WalMart, it’s pathetic.
With any luck, once the offshoring of labor to make cheap crap ends, people will see the drastic effects of our bankrupt credit money system.
Imports from China in '18 totaled $540B which sounds like a lot but it's only a small percent of the $20T US economy. To be exact it is .540/20.5 = 2.6% of the overall economy.
This is negligible when the tariff is only 25%.
Wow this is so misleading and total propaganda. It will affect 70% of goods? Affect meaning almost no effect what so ever.
By all means lets sell off several trillions in stock equity in response to $50B dollar tariff. There is such a thing as stupid money. It is so ludicrous, comical.
We only import 500B from them. This headline is ludicrous.
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