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Trump prepares $200B of additional tariffs on China
07-10-2018, 11:38 PM
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#91
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Originally Posted By QuitYourCrying⏩
They think we are bluffing and they are trying to call it.Then why are they doing it (srs question).
If there isn't any domestic economic advantage to tariffs, why are other countries retaliating? Why not just let Trump hurt his own country?
If there isn't any domestic economic advantage to tariffs, why are other countries retaliating? Why not just let Trump hurt his own country?
They also think we are politically un-organized as our system leads to a lack of continuity in positionsand thus making us week.
They know if they play head-to-head at the end we would win- However it’s not like that all they have to do is be able to hold their line until the next election.
07-10-2018, 11:38 PM
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#92
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Originally Posted By QuitYourCrying⏩
It isn’t the background to the action, it’s the way it’s being done. Trump has been ultra aggressive towards ally nations, ripping up trade deals left and right, making threats and accusatory statements and imposing unilateral tariffs.So if Chinese tariffs hurt Americans, why are people objecting to Trump addressing the tariffs placed on American manufacturers prior to his election?
Again... serious question.
Seems from an outsiders perspective that the argument is something like this: "We lost the trade war to China in the 1990s. Let's just accept defeat and bow our heads in shame for our new Chinese overlords."
Again... serious question.
Seems from an outsiders perspective that the argument is something like this: "We lost the trade war to China in the 1990s. Let's just accept defeat and bow our heads in shame for our new Chinese overlords."
It’s just seen as him throwing his toys out of the pram. He’s saying China is stealing US intellectual property on paper. Sit around a round table first, then go nuclear if needed. Also, the trade war is largely seen as unwinnable if you’re taking on the biggest economies in the world at the same time.
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07-10-2018, 11:40 PM
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#93
Originally Posted By QuitYourCrying⏩
whats scary about it?Scary thing is how much of your debt they own. They hold massive leverage over the US because you guys are so deep in debt.
Are they going to force the USA to default on the debt, which would render their us assets worthless?
America is by far more self sustaining than China
Not even close to the natural resources and economy
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07-10-2018, 11:41 PM
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#94
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Originally Posted By QuitYourCrying⏩
MehScary thing is how much of your debt they own. They hold massive leverage over the US because you guys are so deep in debt.
https://www.bloomberg.com/amp/news/a...berg-economics
07-10-2018, 11:41 PM
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#95
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Originally Posted By FatalTragedy12⏩
Cliffs of your post: submit to our Chinese overlords.It isn’t the background to the action, it’s the way it’s being done. Trump has been ultra aggressive towards ally nations, ripping up trade deals left and right, making threats and accusatory statements and imposing unilateral tariffs.
It’s just seen as him throwing his toys out of the pram. He’s saying China is stealing US intellectual property on paper. Sit around a round table first, then go nuclear if needed. Also, the trade war is largely seen as unwinnable if you’re taking on the biggest economies in the world at the same time.
It’s just seen as him throwing his toys out of the pram. He’s saying China is stealing US intellectual property on paper. Sit around a round table first, then go nuclear if needed. Also, the trade war is largely seen as unwinnable if you’re taking on the biggest economies in the world at the same time.
07-10-2018, 11:41 PM
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#96
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Originally Posted By QuitYourCrying⏩
They own a trillion dollars...a trillion dollars isnt what it used to be. They own 7%of our debt.Scary thing is how much of your debt they own. They hold massive leverage over the US because you guys are so deep in debt.
What leverage do they hold exactly? Our currency is by far and away the most traded currency, ontop of being the worlds reserve currency. We run the world. We have a consumer market 3x larger than chinas 1.4 billion consumer market. We buy $500B worth of their sh!t. They barely buy $100B from us. Fuk em.
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07-10-2018, 11:43 PM
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#97
07-10-2018, 11:50 PM
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#98
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Originally Posted By gachase21⏩
Since the 2008 financial meltdown, china has relied on stimulus on top of stimulus to the tune of $25 TRILLION IN NEW DEBT! Who is buying chinese debt? No one. Is the yuan the world's reserve currency? Nope. China on dat dere self implosion time. A trade war with the largest economy in the world is the last thing they needThis and as I posted above their Debt situation is way worse
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07-10-2018, 11:52 PM
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#99
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Originally Posted By ichBinBerliner⏩
You are making a few false assumptions there and I’m not going into full detail with youlol...that kind of detail?! This is the most generic information ever.
So your largest FTE overhead increased 2015-2016...and not 2017-2018? That makes no sense. The economy was crap back then. Plus you said 3 yrs ago you were paying $15k for the lowest skilled FTE employed. Yet today you are unable to fulfill same positions for $45k.
You started offering $45k for moderately skilled positions with no secondary education back in 2015...and there has been zero inflationary impact on those FTE positions since then?
Sorry brah...doesnt add up.
So your largest FTE overhead increased 2015-2016...and not 2017-2018? That makes no sense. The economy was crap back then. Plus you said 3 yrs ago you were paying $15k for the lowest skilled FTE employed. Yet today you are unable to fulfill same positions for $45k.
You started offering $45k for moderately skilled positions with no secondary education back in 2015...and there has been zero inflationary impact on those FTE positions since then?
Sorry brah...doesnt add up.
Call it crap if you will so be it.
Not gonna detail discuss all the parameters
07-10-2018, 11:52 PM
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#100
Originally Posted By Jrd86⏩
rektThey own a trillion dollars...a trillion dollars isnt what it used to be. They own 7%of our debt.
What leverage do they hold exactly? Our currency is by far and away the most traded currency, ontop of being the worlds reserve currency. We run the world. We have a consumer market 3x larger than chinas 1.4 billion consumer market. We buy $500B worth of their sh!t. They barely buy $100B from us. Fuk em.
What leverage do they hold exactly? Our currency is by far and away the most traded currency, ontop of being the worlds reserve currency. We run the world. We have a consumer market 3x larger than chinas 1.4 billion consumer market. We buy $500B worth of their sh!t. They barely buy $100B from us. Fuk em.
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07-10-2018, 11:53 PM
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#101
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China had the #1 GDP in the world for thousands of years except for the last 100 years. They are already there PPP wise and they'll get there again within 10-20 years regardless of any trade wars.
Only a portion of their exports go to the US and the trade war will just drive up prices here and end up helping other countries. Not a great idea in my opinion so hope Trump knows what he's doing...
Only a portion of their exports go to the US and the trade war will just drive up prices here and end up helping other countries. Not a great idea in my opinion so hope Trump knows what he's doing...
07-10-2018, 11:59 PM
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#102
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Originally Posted By XterraRob⏩
It doesn’t need to be contained. Back when America was winning, nobody was containing them or imposing tariffs. They just tried to make themselves better. Now China is winning because America couldnt keep up and that’s America’s fault. The US deindustrialised, lost skills to the Chinese labour market. Precision machining etc. used to be a US monopoly. Now China has all the experts and cheap labour. The EU ran efficiently and became #2.OP, how do you contain China? Do you want to live under Chinese hegemony?
Make America better if you want to contain China. Don’t try to make China worse. That’s the upshot of it all. Trump is crying over spilt milk.
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07-10-2018, 11:59 PM
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#103
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The reality is we have been ahead this entire time even with the “Trade deficit”.
We have been taking advantage of low labor cost items while still growing our economy.
We have always had the advantage with them even without a tarrif.
They have to face coming labor demand from their population along with competitive low labor from other Asian countries and African now as well.
Their debt crunch.
Their over extended international reach they now have to maintain to stay even.( we learned that lesson the hard way)
We have always had the upper hand on them.
With our current economic set up of de-regulation and tax policy , if we did nothing we would be way ahead -I worry the tarifff and trade war move can unnecessarily disrupt that
We have been taking advantage of low labor cost items while still growing our economy.
We have always had the advantage with them even without a tarrif.
They have to face coming labor demand from their population along with competitive low labor from other Asian countries and African now as well.
Their debt crunch.
Their over extended international reach they now have to maintain to stay even.( we learned that lesson the hard way)
We have always had the upper hand on them.
With our current economic set up of de-regulation and tax policy , if we did nothing we would be way ahead -I worry the tarifff and trade war move can unnecessarily disrupt that
07-11-2018, 12:06 AM
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#104
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Originally Posted By FatalTragedy12⏩
God, you sound pathetic.It doesn’t need to be contained. Back when America was winning,nobody was containing them or imposing tariffs. They just tried to make themselves better. Now China is winning because America couldnt keep up and that’s America’s fault. The US deindustrialised, lost skills to the Chinese labour market. Precision machining etc. used to be a US monopoly. Now China has all the experts and cheap labour. The EU ran efficiently and became #2.
Make America better if you want to contain China. Don’t try to make China worse. That’s the upshot of it all. Trump is crying over spilt milk.
Make America better if you want to contain China. Don’t try to make China worse. That’s the upshot of it all. Trump is crying over spilt milk.
07-11-2018, 12:07 AM
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#105
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Originally Posted By XterraRob⏩
lol u wot. No one wants to live under Chinese hegemony. That doesn't mean you want a trade war that will make things worse.Do you want to live under Chinese hegemony?
07-11-2018, 12:12 AM
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#106
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Originally Posted By CHARBACK⏩
PPP GDP isnt even a real measure. It's how big the chinese economy could be if its prices and standard of living was comparable to the US. It isnt. Its actual GDP nominal (the real economy) is only $12 trillion. Some $8 trillion smaller than Americas. Its consumer market is only $4 trillion. Americas is $13trillion...you cant beat the US if your china.China had the #1 GDP in the world for thousands of years except for the last 100 years. They are already there PPP wise and they'll get there again within 10-20 years regardless of any trade wars.
Only a portion of their exports go to the US and the trade war will just drive up prices here and end up helping other countries. Not a great idea in my opinion so hope Trump knows what he's doing...
Only a portion of their exports go to the US and the trade war will just drive up prices here and end up helping other countries. Not a great idea in my opinion so hope Trump knows what he's doing...
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07-11-2018, 12:18 AM
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#107
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Originally Posted By Jrd86⏩
PPP is the best measure and indicates future potential growth as it shows you what their money can buy.pop Gdp isnt even a real measure. It's how big the chinese economy could be if its prices and standard of living was comparable to the US. It isnt. Its actual GDP nominal (the real economy) is only $12 trillion. Some $8 trillion smaller than American. Its consumer market is only $4 trillion. Americas is $13trillion.
"GDP comparisons using PPP are arguably more useful than those using nominal GDP (see List of countries by GDP (nominal)) when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income."
Also regardless, like I said they will catch up to nominal GDP in a decade or two probably.
07-11-2018, 12:18 AM
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#108
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Originally Posted By Jrd86⏩
That isn’t what purchasing power parity is. PPP is specifically designed to standardise and compare e.g. Big Mac Index and is the best metric.PPP GDP isnt even a real measure. It's how big the chinese economy could be if its prices and standard of living was comparable to the US. It isnt. Its actual GDP nominal (the real economy) is only $12 trillion. Some $8 trillion smaller than Americas. Its consumer market is only $4 trillion. Americas is $13trillion...you cant beat the US if your china.
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07-11-2018, 12:23 AM
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#109
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Originally Posted By XterraRob⏩
Why can’t you slow them down by making America better and more competitive? America did this to themselves. Is an American willing to perform precision machine work for $3/hr? Do they still have a huge, expert workforce? No.Like I said, it's time to face the music. We kept sleeping on China in order to keep the $$ rolling, now someone not representing globalized trade/corporate interests is standing up for the long term survival of the United States. Multi-Nationals have loyalty to NO Nation, why would you expect them or their lobbying funds to look out for the interest of the American worker? They are two different sides of the spectrum and any "political scientist" can tell you that corporate interests have outweighed the interest of the American citizen for well over 20-30 years. But I'm not trying to get off topic with that. China is very much a threat and anything we can do to slow them down is beneficial, even if the US has to make some sacrifices.
Maybe you'll find this thread interesting:The View Before 9/11: America’s Place in the World
Maybe you'll find this thread interesting:The View Before 9/11: America’s Place in the World
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07-11-2018, 12:24 AM
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#110
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Originally Posted By CHARBACK⏩
Or they could end up in the spiral Japan like curse...PPP is the best measure and indicates future potential growth as it shows you what their money can buy.
"GDP comparisons using PPP are arguably more useful than those using nominal GDP (see List of countries by GDP (nominal)) when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income."
Also regardless, like I said they will catch up to nominal GDP in a decade or two probably.
"GDP comparisons using PPP are arguably more useful than those using nominal GDP (see List of countries by GDP (nominal)) when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income."
Also regardless, like I said they will catch up to nominal GDP in a decade or two probably.
I’m not gonna bother with the economic comparison measuees right now.
FYI a much simpler way to do that is the “Taco Bell Test”
07-11-2018, 12:24 AM
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#111
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Time to start selling that stock in Amazon and Wal mart boys.
07-11-2018, 12:25 AM
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#112
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Originally Posted By XterraRob⏩
You the type of ****** who winning a race but seen the guy in a 2nd place catching up to you so you tackle him down so 3rd and 4th place can take gold and silver.Like I said, it's time to face the music. We kept sleeping on China in order to keep the $$ rolling, now someone not representing globalized trade/corporate interests is standing up for the long term survival of the United States. Multi-Nationals have loyalty to NO Nation, why would you expect them or their lobbying funds to look out for the interest of the American worker? They are two different sides of the spectrum and any "political scientist" can tell you that corporate interests have outweighed the interest of the American citizen for well over 20-30 years. But I'm not trying to get off topic with that. China is very much a threat and anything we can do to slow them down is beneficial, even if the US has to make some sacrifices.
Maybe you'll find this thread interesting:The View Before 9/11: America’s Place in the World
Maybe you'll find this thread interesting:The View Before 9/11: America’s Place in the World
07-11-2018, 12:27 AM
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#113
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Originally Posted By CHARBACK⏩
This is exactly what it is. I don’t get why some Americans think America has to be #1 now and forever even if they are doing a chitty job. This is why the RoW can’t understand why America is so angry and blaming others for their failures like they’ve been wronged. It’s US exceptionalism at it’s worst.You the type of ****** who sees the guy in a 2nd place catching up to you in a race so you tackle him down so 3rd and 4th place can take gold and silver.
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07-11-2018, 12:32 AM
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#114
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Originally Posted By FatalTragedy12⏩
We need to be #1 at all cost to maintain our currency gimmickThis is exactly what it is. I don’t get why some Americans think America has to be #1 now and forever even if they are doing a chitty job. This is why the RoW can’t understand why America is so angry and blaming others for their failures like they’ve been wronged. It’s US exceptionalism at it’s worst.
We get to do what no other nation in the world can with our debt and currency manipulation.
We must maintain ourselves as a superpower military and top economy to do such.
07-11-2018, 12:35 AM
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#115
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Originally Posted By XterraRob⏩
The frame of mind seems to be envy imoSo do you want to live under Chinese hegemony or not? I'm trying to understand your frame of mind in responding to posts in this thread.
07-11-2018, 12:37 AM
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#116
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Originally Posted By gachase21⏩
That’s true and honestly the USD isn’t changing any time soon because of how invested the world is. It’s going to take decades to move over to the Yuan/Euro or whatever else comes along. We should have never gone out of precious metals.We need to be #1 at all cost to maintain our currency gimmick
We get to do what no other nation in the world can with our debt and currency manipulation.
We must maintain ourselves as a superpower military and top economy to do such.
We get to do what no other nation in the world can with our debt and currency manipulation.
We must maintain ourselves as a superpower military and top economy to do such.
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07-11-2018, 12:40 AM
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#117
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Originally Posted By XterraRob⏩
No, I don’t. That doesn’t mean U.S. hegemony is OK or should be maintained through economic or military aggression. Work your way back up. Rebuild the workforce, reindustrialise. Incentivise people to stay without threatening to tariff the bejeezus out of them. That’s how America becomes great again. Not by threatening everyone and their mother that if they leave they’re getting f*cked.So do you want to live under Chinese hegemony or not? I'm trying to understand your frame of mind in responding to posts in this thread.
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07-11-2018, 12:51 AM
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#118
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Originally Posted By FatalTragedy12⏩
Yes playing nice always works, whether on the playground, in the board room or the international arenaNo, I don’t. That doesn’t mean U.S. hegemony is OK or should be maintained through economic or military aggression. Work your way back up. Rebuild the workforce, reindustrialise. Incentivise people to stay without threatening to tariff the bejeezus out of them. That’s how America becomes great again. Not by threatening everyone and their mother that if they leave they’re getting f*cked.
Sig line can't be a novel
07-11-2018, 01:06 AM
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#119
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Originally Posted By FatalTragedy12⏩
So your solution is the status quo? Because that's what you just said... a bunch of buzzwords and catch phrases used by politicians. Sure, words sound good but nothing changes and China continues to take advantage of us.No, I don’t. That doesn’t mean U.S. hegemony is OK or should be maintained through economic or military aggression. Work your way back up. Rebuild the workforce, reindustrialise. Incentivise people to stay without threatening to tariff the bejeezus out of them. That’s how America becomes great again. Not by threatening everyone and their mother that if they leave they’re getting f*cked.
Finally, we get some action and the useful idiots lose their minds.
07-11-2018, 01:14 AM
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#120
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Originally Posted By FatalTragedy12⏩
PS... that's what tax cuts and deregulation were for. And yet all we hear from liberals daily is its unfair tax cuts for the rich, yadda yadda yadda. Ironically, these are the same people ridiculing the tariffs.No, I don’t. That doesn’t mean U.S. hegemony is OK or should be maintained through economic or military aggression. Work your way back up.Rebuild the workforce, reindustrialise. Incentivise people to stay without threatening to tariff the bejeezus out of them.That’s how America becomes great again. Not by threatening everyone and their mother that if they leave they’re getting f*cked.
With tax cuts/deregulation AND tariffs we're coming at this from both angles.
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