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Trump's tariffs and Walmart
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Aug 17, 2018 01:48:09   #
thom w Loc: San Jose, CA
 
Blurryeyed wrote:
Quinn, so far the Trump tariffs are not hurting so much but there is potentiality for the damage that you are describing. What I am not sure that you understand is why Trump is doing this. Since WWII our trade deals with Europe have been a bit lopsided, after the war European economies needed to be rebuilt because they have been devastated by the war, the US made generous trade agreements that became the foundation for the trade agreements that are in place today. As the European economies advanced our trade agreements were never adjusted to insure that balance was established, those agreements have always favored Europe which probably went unnoticed because our economy was so strong, but over the last few decades we have moved much of our production capacities overseas, to China and other markets such as countries like Mexico, S Korea, Twian, Thailand, even Japan and Canada. When we began trade with China they were considered an under developed economy and our agreements again made concessions to China and probably through pressure by large corporations the agreements made with China were grossly in their favor, our large international companies probably didn't care so much because they would be producing their goods there and sending them back here or selling them into the Chinese market which eventually will be much larger than the US market for the same goods. Because of the classification of China as a developing market even the WTO gives China special considerations that often work to our disavantage.

What Trump is trying to do is to bring manufacturing back to the United States, he does not believe that we can simply become a consumer nation, having an economy heavily based on selling products made in other countries, this is a bit over simplied but we are running trade deficits that are approaching a trillion dollars each year, that money is building the economies of other countries while having the opposite effect on ours. We are losing our production capacities at the same time because we are relying on others to produce the goods we consume so even if we wanted to compete in those markets we have lost the trained and developed workforces to do so, a major concern for our country right now. Lastly a portion of the deficits will come back to us either as federal debt purchases of our treasuries as our treasuries are still considered to be good investments, or, they will come back to us assett purchases where we are selling American assets to foreign concerns. No matter how you count it up our trade deficits represent an export of American wealth and jobs and Trump is fighting to stop it

Tariffs are a lousy way to protect a country's industry and trade and long term they are not Trumps goal, he is trying to establish free trade between the US and her trading partners, you are correct in everything you say about Trump hurting the American consumer. Trump's goal is that these tariffs be temporary, he is attempting to limit access to the American market to pressure our trading partners to balance the agreements between our nations. If successful it will be good for the American workers and consumers both, but in the mean time it is going to be a rocky road, you are right, consumers will be hurt, producers will also be hurt, most visibly we have seen concern that soy farmers will be hurt, but there are many other unseen producers in many industries that will be hurt by these tariffs, but the same is happening with our trading partners, in fact the tariffs are hurting them more than they are hurting us, our economy is so much larger than any other economy in the world that access to our market is extremely important for our partners, secondly we are net importers so our partners will face tariffs on more of their products than we will on those we export.


In the end what Trump is trying to do for example is if China only pays an average of 2 1/2 % on goods coming into our markets then he is asking that we pay the same on our products moving into their markets, when he achieves this his tariffs will go away and hopefully our economy will see great growth.
Quinn, so far the Trump tariffs are not hurting so... (show quote)


If the goal is as you say and is wise, a competent president might have started out with diplomacy with a threat of tariffs, and if that didn't work do what was required. Ready fire aim, hardly ever delivers the desired result.

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Aug 17, 2018 01:51:27   #
thom w Loc: San Jose, CA
 
[quote=EyeSawYou]
Bunko.T wrote:
And you are an ignorant bigot. Treating a person of maybe lesser education than you, as a lesser human being.
You criticise the person for their disposition, not what his message.

Lol you fnk hypocrit dumbazz, here is what you said to another member recently, fnk hypocrite.


(The Attic)
Democrat outrage explained
LWW wrote:
You should be outraged that public education left you so ill equipped to deal with reality widdle Fwankie.


Bunko said: It's obvious that if you had private education, it was a waste of money. In fact you write & think like there was no education. Childish crap.
And you are an ignorant bigot. Treating a person o... (show quote)


If possible, it's usually better to have breakdowns in private. Having your breakdown in public probably won't turn out like you hope.

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Aug 17, 2018 01:58:04   #
EyeSawYou
 
thom w wrote:
If possible, it's usually better to have breakdowns in private. Having your breakdown in public probably won't turn out like you hope.


Breakdowns? What the he'll are you talking about?

Reply
 
 
Aug 17, 2018 02:05:50   #
thom w Loc: San Jose, CA
 
EyeSawYou wrote:
Breakdowns? What the he'll are you talking about?


Good, that's better. See if you can keep it up.

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Aug 17, 2018 09:03:56   #
Quinn 4
 
Blurryeyed: History has proving that tariffs do more damage than good. It cause price to go up which will cause the vaule of money to go down. Can cause for people to be out of work.
For you people who h**e Walmark , Trump's tariffs could cause the down fall of Walmark.

Reply
Aug 17, 2018 10:57:08   #
Blurryeyed Loc: NC Mountains.
 
thom w wrote:
If the goal is as you say and is wise, a competent president might have started out with diplomacy with a threat of tariffs, and if that didn't work do what was required. Ready fire aim, hardly ever delivers the desired result.


Thom, people have been complaining about our trade agreements for decades, it has always been a big item for much of the democrat base, Trump watched as administration after administration did nothing to stop the flow of jobs and production capacity leaving our country and ending up overseas. Trump is actually doing something to reverse that trend, it remains to be seen how successful he will be, there will certainly be pain in the short term, and as I have said it is a somewhat dangerous game he is playing, but if successful you will see economic rewards that most had believed that we would never again see in this country.

Kinda like NATO Tom, as much as he stirred to pot and made many uncomfortable in doing so, his actions are producing results.

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Aug 17, 2018 11:04:08   #
Blurryeyed Loc: NC Mountains.
 
Quinn 4 wrote:
Blurryeyed: History has proving that tariffs do more damage than good. It cause price to go up which will cause the vaule of money to go down. Can cause for people to be out of work.
For you people who h**e Walmark , Trump's tariffs could cause the down fall of Walmark.


First off, I don't h**e Walmart, my view of them is rather positive, they employ 100's of thousands of people and they provide a service and value proposition that obviously consumers want.

What is key Quinn, is that Trump does not see the tariffs as being permanent, they are being used as a tool to bring our trading partners to the table and forcing them to make deals that will be more equitable for the United States. Since these deals already seem to favor our trading partners they have little interest in leveling the playing field, so Trump has to be able to exert pressure on them to renegotiate, tariffs are the tool that he is using. Trump has already offered to all of our trading partners a relationship in which no tariffs are charged by either side and of course they declined because they are using tariffs against the US to protect their industries and those tariffs, those of our trading partners, is what is at the core of Trump's efforts.

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Aug 17, 2018 11:35:19   #
thom w Loc: San Jose, CA
 
Blurryeyed wrote:
Thom, people have been complaining about our trade agreements for decades, it has always been a big item for much of the democrat base, Trump watched as administration after administration did nothing to stop the flow of jobs and production capacity leaving our country and ending up overseas. Trump is actually doing something to reverse that trend, it remains to be seen how successful he will be, there will certainly be pain in the short term, and as I have said it is a somewhat dangerous game he is playing, but if successful you will see economic rewards that most had believed that we would never again see in this country.

Kinda like NATO Tom, as much as he stirred to pot and made many uncomfortable in doing so, his actions are producing results.
Thom, people have been complaining about our trade... (show quote)


The agreements for NATO to spend more, predate Trump and he is merely taking credit for another mans work. Not a first for him. I can't believe you don't think talking before applying tariffs wouldn't have been a good idea.
Do you agree with him that "tariffs are good" and "trade wars are easy to win"?

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Aug 17, 2018 12:19:23   #
EyeSawYou
 
Quinn 4 wrote:
Blurryeyed: History has proving that tariffs do more damage than good. It cause price to go up which will cause the vaule of money to go down. Can cause for people to be out of work.
For you people who h**e Walmark , Trump's tariffs could cause the down fall of Walmark.


So you agree that high tariffs imposed on American goods is damaging yet here you are opposing Trumps strategy of ending the tariffs?

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Aug 17, 2018 12:47:59   #
thom w Loc: San Jose, CA
 
EyeSawYou wrote:
So you agree that high tariffs imposed on American goods is damaging yet here you are opposing Trumps strategy of ending the tariffs?


One can be in favor of lowering tariffs and opposed to Trumps strategy (or lack of one) at the same time. Most people probably are.
I'm sure when Trump was a kid he took his football and went home on a regular basis. That only works till no one will play with you or your ball.

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Aug 17, 2018 13:10:07   #
Blurryeyed Loc: NC Mountains.
 
thom w wrote:
The agreements for NATO to spend more, predate Trump and he is merely taking credit for another mans work. Not a first for him. I can't believe you don't think talking before applying tariffs wouldn't have been a good idea.
Do you agree with him that "tariffs are good" and "trade wars are easy to win"?


Wow! Where does one start with you? Are you trying to promote a false narrative or are you really this uninformed? Seriously Thom, this is a legitimate question.

Yes, NATO countries had since the inception agreed to spend 2% of their GDP on defense, but the fact of the matter is that most of the NATO countries stopped doing that a long time ago and relied on the US taxpayers for their defense, this was a complaint that presidents all the way back to Clinton have had and Obama himself lamented about but did nothing about. Trump came in and said the status-quo is no longer acceptable and began his public exposure of how the NATO countries were taking advantage of the United States. Things are beginning to change as a direct result of Trump's efforts, no one else's as you claim.

No, I don't like tariffs and no, trade wars are not easy to win. The United States is better positioned however to win such a war than are her trading partners and that is the angle that Trump is pursuing. I support him in his current efforts.

https://www.politico.eu/article/jens-stoltenberg-donald-trump-nato-chief-thanks-trump-for-leadership-on-military-spending/

http://thehill.com/policy/defense/395966-ex-nato-commander-trump-right-to-demand-nato-members-pay-more-for-defense

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Aug 18, 2018 11:04:28   #
EyeSawYou
 
thom w wrote:
One can be in favor of lowering tariffs and opposed to Trumps strategy (or lack of one) at the same time. Most people probably are.
I'm sure when Trump was a kid he took his football and went home on a regular basis. That only works till no one will play with you or your ball.


Why do you chose to be so illiterate? Re-read what I posted again, carefully this time around.

So you agree that high tariffs imposed on American goods is damaging yet here you are opposing Trumps strategy of ending the tariffs?

Reply
Aug 18, 2018 15:26:25   #
thom w Loc: San Jose, CA
 
Blurryeyed wrote:
Wow! Where does one start with you? Are you trying to promote a false narrative or are you really this uninformed? Seriously Thom, this is a legitimate question.

Yes, NATO countries had since the inception agreed to spend 2% of their GDP on defense, but the fact of the matter is that most of the NATO countries stopped doing that a long time ago and relied on the US taxpayers for their defense, this was a complaint that presidents all the way back to Clinton have had and Obama himself lamented about but did nothing about. Trump came in and said the status-quo is no longer acceptable and began his public exposure of how the NATO countries were taking advantage of the United States. Things are beginning to change as a direct result of Trump's efforts, no one else's as you claim.

No, I don't like tariffs and no, trade wars are not easy to win. The United States is better positioned however to win such a war than are her trading partners and that is the angle that Trump is pursuing. I support him in his current efforts.

https://www.politico.eu/article/jens-stoltenberg-donald-trump-nato-chief-thanks-trump-for-leadership-on-military-spending/

http://thehill.com/policy/defense/395966-ex-nato-commander-trump-right-to-demand-nato-members-pay-more-for-defense
Wow! Where does one start with you? Are you tryin... (show quote)


I'm expecting that no one will win. Losing less than the other guy is still losing.

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Aug 18, 2018 15:45:01   #
LWW Loc: Banana Republic of America
 
EyeSawYou wrote:
Why do you chose to be so illiterate? Re-read what I posted again, carefully this time around.

So you agree that high tariffs imposed on American goods is damaging yet here you are opposing Trumps strategy of ending the tariffs?


With doublethink they can believe wh**ever they are told to believe.

Reply
Aug 18, 2018 16:00:59   #
Blurryeyed Loc: NC Mountains.
 
thom w wrote:
I'm expecting that no one will win. Losing less than the other guy is still losing.


Let's see Thom, tell me who has the most to lose by losing access to the other's market, Mexico with a $1.1 Trillion economy or the US with a $19.5 Trillion economy, Canada with a $1.7 Trillion economy or the US with a $19.5 Trillion economy, China with a $12 Trillion economy or the US with a $19.5 Trillion economy, Germany with a $3.6 Trillion economy or the US with a $19.5 Trillion economy, France with a $2.6 Trillion economy or the US with a $19.5 Trillion economy, and so on and so forth. Access to the US economy is of upmost importance for all of these countries....

Another tidbit for you to consider.....

reprint...

"From a continental perspective, 77.4% of Canadian exports by value were delivered to its North American Free Trade Agreement (NAFTA) partners, United States and Mexico. Asian importers purchased 11.5% worth followed by buyers in Europe at 8.5%. Latin America (excluding Mexico) and the Caribbean consumed 1.3% of Canada’s total exports while just 0.7% of Canadian shipments were destined for Africa."

Now Thom, since North America buys 77% of Canada's exports, and the US has an almost 20 trillion dollar economy and Mexico has a 1 trillion dollar economy just where do you think those exports are headed? The fact of the matter Thom is that for both countries the Trade is near even dollar wise, close to $340 billion, now since our economy is more than 10X larger than theirs which country would be more by a trade war?

I don't think it smart for Trump to take on the entire world all at once, but I am also sure that he is getting advice from people smarter than I, but Trump can win these trade wars on the strength of the US economy and how much our trade means to our trading partners.

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