Posted on 08/08/2019 10:26:54 AM PDT by SeekAndFind
President Trump’s strategic counter-tariffs on China have been deliberate, predictable and business-like – contrary to Beijing’s series of broken promises and the self-serving misinformation that China’s state-run media are peddling.
The president recently announced that the U.S. will follow through to implement a 10 percent tariff on $300 billion worth of Chinese imports Sept. 1. The10 percent tariff had been put on hold earlier this year after a personal meeting between Trump and Chinese President Xi Jinping.
The Chinese government is now attempting to portray President Trump’s action as erratic and capricious, but nothing could be further from the truth.
China has failed to uphold the commitments Xi made during the Trump-Xi meeting, forcing President Trump’s hand.
Trump agreed to hold off on a tariff increase because China promised to make large purchases of U.S. agricultural products and crack down on shipments of the illegal opioid fentanyl. But neither of these things has happened.
From the very beginning, Trump has given China every opportunity to negotiate in good faith, telegraphing his tariff increases well in advance and specifying exactly what Beijing could do to avert them.
As a presidential candidate, Trump made it perfectly clear that he intended to impose tariffs on China in retaliation for the communist country’s decades of trade cheating and exploitation of American workers and businesses.
Even so, Trump demonstrated remarkable restraint upon taking office, waiting a full year before imposing tariffs that significantly impacted China. Although the tariffs didn’t specifically target China, Beijing decided to retaliate by placing tariffs on about $3 billion worth of U.S. goods.
SORRY, FORGOT THE LINK. HERE IT IS:
https://www.foxnews.com/opinion/andy-puzder-china-trump-tariffs
CLICK ABOVE LINK FOR THE REST OF THE ARTICLE
Make the tariffs across the board from every country that the USA runs a trade deficit. ( Which is all of them )
If Country A made a lot of commodity X or Product Y which the USA does not have or does not make, and we buy these from them, don’t we ran a trade deficit with Country A?
Should we force the citizens of country A to buy products that we make that they either don’t need at the moment or find too expensive?
That is the point. The tariff will repatriate industry over the long term. Then we will be self sufficient in manufacturing just like we are in agriculture that is the goal of every patriot. Self sufficiency and maximizing American labor. Also while we slowly repatriate industry the US receives a massive influx of income. win - win - win. Is that goal worth the small amount of inflation the tariff MIGHT cause - HELL YES!
Should we force the citizens of country A to buy products that we make that they either don’t need at the moment or find too expensive?
Nobody can force anyone to buy anything, don't buy, don't pay. Our founders 'forced' industrialization on the USA post revolutionary war. I am so glad they did!
“If Country A made a lot of commodity X or Product Y which the USA does not have or does not make, and we buy these from them, don’t we ran a trade deficit with Country A?
Should we force the citizens of country A to buy products that we make that they either don’t need at the moment or find too expensive?”
That’s just plain dumb.
We don’t have or don’t make - If we need it, we should make it here.
In the case of a unique competitive advantage, NOT political manipulation, trade could make things better for all. Rare Earths, on which we dropped the ball BIGLY, are one such item.
We shouldn’t force anyone to buy anything. But in a trade war with a Military Competitor, all things are on the table. It’s a WAR after all.
China’s Mercantilism has caused immense damage to the US industrial base. If we don’t make things, we can’t protect ourselves, nor provide for our own success.
Gotta fight with what ya brung.
My point is, if the USA does not have a commodity which another country produces, and which we need, then we have to buy that commodity from them simply because we do not have the commodity. Let’s suppose the commodity is worth $X a year.
So, to balance the trade with them, they have to buy an equivalent $X of goods we produce. What if they don’t need what we want to sell? or they can buy what we want to sell from another country cheaply, or they can make these goods themselves? You already conceded that we cannot force them to buy what they don’t want or don’t need.
We ran a trade deficit with them.
How then do we balance the trade deficit with this country since they have a commodity we don’t have.
We buy the import at the tariff-ed price. That way the US Treasury gets income, the budget AND the trade deficit goes down and the pull will be to repatriate the industry back here. You believe that the supply function is static and no new domestic suppliers will EVER come on line. New factories are still being built in the USA all the time. Not as many as are closed mind you but the situation is dynamic and not static. With more domestic supply will mean pressure to reduce prices.
Listen, without getting to insulting some people cannot think long term, are self centered and and cannot think strategically. You are one of them. It's kind of simplistic thinking, really. Sorry but you are.
You are not going to change my mind and you seem incapable of abstract long term strategic thought.
The Chinese had agreed to 90% of the first round of negotiations and suddenly withdrew their agreement. Possibly after Biden shoot his mouth off about them not really being a problem for us.
RE: You believe that the supply function is static and no new domestic suppliers will EVER come on line.
In this thread, I simply asked on question — does the USA have everything, every commodity that it needs to make everything that she wants without having to import it from another country?
If not, then she has to import. And if she does, then there will be a deficit with a country that supplies more of it than it wants to buy other goods we manufacture from us.
I don’t see what the problem is. I have a “trade deficit” with my gardener, my grocer, my plumber and many other suppliers of goods and services for me. I am not poor because of this by any means. In fact, I am RICHER for it. I don’t have to do my own gardening, plant my own vegetables, etc. so I can focus on the things that I do BETTER than them.
Same is true for the USA. We can focus on the things we do best while others can supply the things that we would rather not do. It does not mean that we can’t do them, but we PREFER to focus on other things.
The end result is my gardener, grocer grows richer, but SO DO I.
It is not a win-lose situation. It’s a win-win.
So, Country A provides us with a commodity that we don’t have and we give them dollars. Country A benefits. But do DO WE. WE use the commodity they supply us to build things and make other products. We grow richer as well.
My AMD stock which went from a little over $34 to a little above $28 in less then a week after Trump tweet about tariffs got back to $34+ and settle a bit below today today at $33.92
It went up +4.73. In 2 weeks it was going up then dropped off a cliff to back up.
I hope Donald Trump does not tweet anytime soon. I am looking to sell but... does the stock keeping going up or will it crash again due to a tweet? I can only watch and hope for the best : )
Do you owe you allegiance to the stock market or the USA?
stock market $$
Your answer is why the Repulsive Party is finished after Trump is done.
Mt stock is up +0.90 (+2.65%
Yesterday over $4
What can I say but money talks : )
When you die well stuff a copy of your last brokerage statement up your a$$ for posterity purposes.
Global Trade is quite far from being bi-lateral.
Everybody gets to squeeze the balloon.
Yeah SeekAndFind, don't you get it?
It doesn't matter if geology didn't gift the US with rare earth elements, you just have to close your eyes and repeat "tariffs worked in 1789" and everything will be alright.
Trust me...
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