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How Not to Score a Goal in the Global Trade War
Townhall.com ^ | July 4, 2019 | Veronique de Rugy

Posted on 07/04/2019 12:42:33 PM PDT by Kaslin

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1 posted on 07/04/2019 12:42:33 PM PDT by Kaslin
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To: Kaslin

Why is this SHIT!! posted?

Not once but TWICE!! It is full of inaccuracies and a spin which counts on the total ignorance of the reader and of course the poster who decided this was appropriate.

Sorry Kas but this is a garbage post.


2 posted on 07/04/2019 12:48:39 PM PDT by billyboy15
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To: billyboy15; Kaslin

In all fairness, the other version was posted in Reason Magazine.

Different sources, is generally grounds for being acceptable.

I think it’s trash too, but it is a legit post.


3 posted on 07/04/2019 12:52:03 PM PDT by DoughtyOne (This space for rent...)
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To: billyboy15; Kaslin

meant to post a link

http://www.freerepublic.com/focus/f-news/3761596/posts


4 posted on 07/04/2019 12:52:56 PM PDT by DoughtyOne (This space for rent...)
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To: Kaslin

I couldn’t agree more with an article. I am sick of subsidizing America’s blue collar manufacturing employees. If they can’t compete then too bad...adapt or else.


5 posted on 07/04/2019 12:52:58 PM PDT by impimp
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To: Kaslin

I go back to the free trade/nafta debate in Canada 30 years ago. Patriots thought that free trade hurt Canadians and every poll showed that anti-traders ahead...until the poll on election night. The free trade supporters won in the end because it is intellectually sound.


6 posted on 07/04/2019 12:56:25 PM PDT by impimp
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To: Kaslin
other countries have agreed to lower their tariffs against each other and signed free trade agreements with one another.

Give an example of these other countries. Are they major players in world markets or also-rans? Trade agreements with 780 million people with monthly incomes of 100 pesos per month doesn't mean much in terms of world trade with major players.

Many of these tariffs fall on intermediary goods that American and foreign companies use to produce things here in the United States.

Give an example, rather than a broad swath with no facts.

The EU and Japan have also completed a free trade agreement.

Have you read the agreement? Their agreement does not do away with tariffs.

"Now, there is a 14 percentage point difference between the average Chinese tariff U.S. exporters face versus all other exporters."

Instead of quoting rates on tariffs, show me the impact on sales. I could care less about the rate if my sales are the same.

None of this is to say that China and other countries aren't hurting as a result of this trade war. A growing number of global firms are shifting production out of China in response to the U.S.-China trade war. The world's top bicycle maker, Giant Manufacturing Co., acknowledged this fact loud and clear by announcing that the era of "Made in China" was over.

Exactly, which is what the tariff pissing contest is all about. The short run is not the goal, yet that's all we see here. Also, there's no mention of the real reason for the tariffs, and that's to level the playing field in terms of the tariffs we face in a country versus tariffs they face when trading with us. This is a poorly thought out report.

7 posted on 07/04/2019 1:01:28 PM PDT by econjack
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To: impimp

This is about fairly leveling a playing field, not about subsidizing America’s blue collar manufacturing employees.

China has been engaging in economic warfare on us for a long time, and we have let them do it. Even assisted them at a government level. It is time for all of us to face up to the truth that Trump apparently understands well, we are at, and have been for decades, engaged in a one-sided economic war.

You ever wonder why shipping is cheaper from China to Los Angeles for Chinese manufacturers than it is to ship from Los Angeles to New York? It is because our government has willingly subsidized shipping from China.

And that is simply ONE example. We are long past the time to fight back.


8 posted on 07/04/2019 1:07:12 PM PDT by rlmorel (Trump to China: This Capitalist Will Not Sell You the Rope with Which You Will Hang Us.)
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To: impimp
Canada didn’t thrive under NAFTA because of “free trade.” It thrived because NAFTA forced the Canadian government to eliminate many of the idiotic policies that were destructive to the Canadian economy. Before NAFTA there were entire industries north of the border that were so heavily regulated that they were effectively government-owned.

Tar sands oil extraction, for example, never would have happened without NAFTA. It’s no coincidence that Canada and Mexico both surpassed Saudi Arabia as the largest sources of U.S. oil imports just a few years after NAFTA was signed.

9 posted on 07/04/2019 1:09:15 PM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
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To: impimp; econjack

So, just to be clear, I would rather subsidize our own industry rather than subsidize the industry of a foe who means us ill.

This shipping farce which we as taxpayers pay for is a simple, lone example.


10 posted on 07/04/2019 1:09:59 PM PDT by rlmorel (Trump to China: This Capitalist Will Not Sell You the Rope with Which You Will Hang Us.)
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To: rlmorel

That’s a false dilemma. Reagan didn’t bring the USA back due to increasing subsidy for US industry, just for one big example; doing the opposite helped us win against the Soviets.


11 posted on 07/04/2019 1:12:52 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: rlmorel
You ever wonder why shipping is cheaper from China to Los Angeles for Chinese manufacturers than it is to ship from Los Angeles to New York? It is because our government has willingly subsidized shipping from China.

This is incorrect. Shipping is cheaper from China to Los Angeles because there are enormous economies of scale in marine transportation. A single container vessel with about a dozen crew members can carry 6,000-12,000 shipping containers. A truck can haul one. A double-stack intermodal train can carry several hundred at most.

12 posted on 07/04/2019 1:18:29 PM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
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To: impimp
"If they can’t compete then too bad...adapt or else."

They are adapting. One of the primary ways they adapt is by not having children. They rely on contraception and when that fails, abortion. So, you say contraception is from Satan, but, weellll, if that's a consequence of your short sighted, selfish, view of economics, playing into Satan's hand is just fine with you.

After all, we can just let an unlimited number of immigrants flow across our Southern border who will work for wages so low they cannot afford those children they don't murder in the womb as frequently as native born blue collar workers do.

But, that's no problem because their kids grow up totally dependent on the government because without government keeping them up they'd be living in the same sort of squalor they fled.

What other variants of Catch-22 do you endorse in the name of your unrealistic, incomplete, view of a perfect Free Traitor world, Milo??

13 posted on 07/04/2019 1:34:39 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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To: Kaslin

Saying this hurts the US consumer more than it helps the relative trade balance in the world is one take on the level of tariffs that has been imposed. But the US remains the biggest market for just about everybody else, even in spite of the already imposed or threatened tariffs, and collection of these tariffs adds to the overall flow of revenue to the Treasury Department. So far as the imports of certain commodities may be concerned, the US is now a net EXPORTER of energy, and the world is still fighting over access to energy supplies, of which we have plenty. Sooner or later, they shall be coming to us, and Trump is betting on sooner.

Meanwhile, we are literally lifting ourselves by our own bootstraps, as the relative cost of imports makes full employment here in the US a very feasible outcome, to the degree that massive automation may not only be a possibility, but an imperative that must be undertaken.

Shifts and dislocations in market forces do cause some short-term concerns and even pain, but consider them to be growing pains, resulting in an even more robust economy than has ever been seen on earth. We have to either find new markets for this increased productivity, or adjust the mix of commodities to finished product that keeps the balance of prosperity flowing through all segments of the economy.

And no, “everybody else” does NOT enjoy free trade. They have adapted trade, which has the same relationship to free trade, as crony capitalism has to true capitalism.


14 posted on 07/04/2019 1:35:19 PM PDT by alloysteel (The difference between real life and fiction? Fiction has to make sense and follow some logic.)
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To: Alberta's Child

If that were true, then it’d be just as cheap to ship in the other direction across the Pacific. But it is not.


15 posted on 07/04/2019 1:42:32 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: impimp
“(I)n general, the protective system of our day is conservative, while the free trade system is destructive—it breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In (other) word(s), the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.”

Karl Marx

  1. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
  2. Extension of long-term loans to Russia and Soviet satellites.
  3. Provide American aid to all nations regardless of Communist domination.
  4. Grant recognition of Red China. Admission of Red China to the UN. …
— From the list of 45 communist goals for the USA
So you are not sick of subsidizing Red China’s blue collar employees. Interesting way you think, comrade.
16 posted on 07/04/2019 1:45:06 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Olog-hai

I think Marx’s view of trade is better than the view that you and Trump have.

When we have reduce tariffs our economic dominance becomes further solidified. We should be in favor of reducing tariffs even if our trading partners won’t do the same.


17 posted on 07/04/2019 1:53:52 PM PDT by impimp
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To: impimp

These items can’t be used for war. Of course I am opposed to free trade in military tech.


18 posted on 07/04/2019 1:58:15 PM PDT by impimp
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To: impimp

I think Marx’s view of trade is better than the view that you and Trump have.
I am not surprised to see you say that, comrade. Thanks for being candid about your ideological alignment.

When we have reduce tariffs our economic dominance becomes further solidified. We should be in favor of reducing tariffs even if our trading partners won’t do the same.
That almost destroyed the US economy, because that is letting our “trading partners” fight a trade war against us where we do not even fight back.

BTW, are you building up to an opus, comrade?
19 posted on 07/04/2019 2:03:22 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: DoughtyOne

No, it was posted here on FR.

http://www.freerepublic.com/focus/f-news/3761596/posts


20 posted on 07/04/2019 2:06:22 PM PDT by billyboy15
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