Political Forums  

Go Back   Political Forums > Economy

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #21  
Old 03-26-2018, 03:29 PM
ebacon's Avatar
ebacon ebacon is offline
Senior Member
 
Join Date: Aug 2012
Posts: 3,196
Donald Trump advocated for US import tariffs before he ran for public office. I would like to post a fresh link to the interview but now it is buried in search noise on YouTube. An old PC post of mine has a link for the genuinely curious.

IMO trade tariffs have utility. They can nudge nations to use their resources efficiently before they go shopping outside for more.
__________________
People like stories.
Reply With Quote
  #22  
Old 03-27-2018, 03:45 AM
Dondilion's Avatar
Dondilion Dondilion is online now
Jigsawed
 
Join Date: May 2009
Posts: 8,636
Quote:
Originally Posted by ebacon View Post
Donald Trump advocated for US import tariffs before he ran for public office. I would like to post a fresh link to the interview but now it is buried in search noise on YouTube. An old PC post of mine has a link for the genuinely curious.

IMO trade tariffs have utility. They can nudge nations to use their resources efficiently before they go shopping outside for more.
The Chinese have outsmarted the West which initially underestimated them.

In about three decades a massive transfer of Science and Technology from the West has taken place. The West especially US apparently did not expect that and was surprised by the rapidity of the transfer.

Now the Chinese are building infrastructures all over the world to facilitate trade favorable to them. It is called One Belt, One Road (OBOR).

They are using the Chinese diaspora in this project. Said diaspora is sometimes used to disguise somewhat the source of Chinese goods. The Chinese have been on a buying spree of and investment in important Western companies.

Additionally they have invested heavily in STEM education both at home and abroad.

We awoke late to the broad scope of Chinese trade moves.

Trump tariffs are symbols to give his base something. But the Chinese are too far ahead in the game they can placate us with some moves. e.g buying more of our semi conductors.

One Belt, One Road Initiative.

https://en.wikipedia.org/wiki/One_Be...oad_Initiative

Last edited by Dondilion; 03-27-2018 at 03:55 AM.
Reply With Quote
  #23  
Old 03-27-2018, 06:29 AM
Oerets's Avatar
Oerets Oerets is online now
Senior Member
 
Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 5,073
Two reasons as to way IMO.
First, the US only thinks one to two years ahead at best. In reality a six month in general words only approach. Only caring about the next election cycle. Unless it has to do with Tax cuts for the top earners. Where China plays the long game thinking a hundred years into the future.
Second, seeing just how much we rely on the Chinese to finance our lavish governments spending, a blind eye is best used on others practices. One does not argue with the bank over it's business practices when you have an outstretched hand now does one?




Barney

Last edited by Oerets; 03-27-2018 at 07:00 AM.
Reply With Quote
  #24  
Old 03-27-2018, 08:14 AM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 11,281
Quote:
Originally Posted by Chicks View Post
Predictable. Whell “knows better” than a Nobel winning economist. Do you actually pay money for your Limblow newsletter subscription? Lol.
I can't help it if the "nobel winning economist" guy was wrong. LOL!
Reply With Quote
  #25  
Old 03-27-2018, 08:16 AM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 11,281
Quote:
Originally Posted by Rajoo View Post
Faux News!
Stocks trading higher is to do with Dotard backing off on the steel and aluminum tariffs on trade with N. Korea. One word for you, Samsung.
Love your faux response. Did you even read, or even glance at, the article I posted? Doesn't look like it.
Reply With Quote
  #26  
Old 03-27-2018, 08:24 AM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 11,281
Quote:
Originally Posted by Chicks View Post
Predictable. Whell “knows better” than a Nobel winning economist. Do you actually pay money for your Limblow newsletter subscription? Lol.
Looks like another day, and another faux crisis fades further.

https://www.cnbc.com/2018/03/27/us-s...he-agenda.html

International markets received a boost Tuesday after a strong day on Wall Street, with both Asian and European indexes posting gains during their respective trading sessions. Markets have bounced back over the past day, with investors attributing this to an alleviation of concerns over potential trade tariffs.

Last week, President Donald Trump signed an executive memorandum that would inflict tariffs on up to $60 billion in Chinese imports prompting China to retaliate, however news has emerged that the nations are open to discussions that could allay a trade war.


As others have observed, the threat of tariffs is apparently being used as an inducement to accelerate discussion and facilitate agreements on trade.
Reply With Quote
  #27  
Old 03-27-2018, 08:34 AM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 21,961
Quote:
Originally Posted by whell View Post
...As others have observed, the threat of tariffs is apparently being used as an inducement to accelerate discussion and facilitate agreements on trade.
It seems you believe that the Dotard carefully strategized this whole tariff brouhaha, as opposed to it being a frustrated reaction to all the shit blowing up around him in the White House as reported in the OP's link. It seems to me that he lashed out and his staff was forced to again clean up the mess he created with his impulsive and infantile behavior. If you believe he has a thorough understanding of trade policy that manifested itself in new tariff policy via tweet (and without any internal review by government lawyers or his own staff), you're even more gullible than I thought you were.
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #28  
Old 03-27-2018, 08:43 AM
Chicks Chicks is offline
Senior Member
 
Join Date: Mar 2017
Posts: 3,450
We can always count on Whell for a good laugh in the morning.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Reply With Quote
  #29  
Old 03-27-2018, 09:43 AM
Rajoo's Avatar
Rajoo Rajoo is offline
Senior Member
 
Join Date: Mar 2013
Location: SF East Bay
Posts: 11,313
Quote:
Originally Posted by whell View Post
Love your faux response. Did you even read, or even glance at, the article I posted? Doesn't look like it.
Sorry to disappoint you but why should I? It was widely known what flipped the market trend and in fact some GOP'ers were gloating over how Trump's tariff's are already working.
__________________
“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”― George Carlin
Reply With Quote
  #30  
Old 03-27-2018, 03:52 PM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 11,281
Quote:
Originally Posted by finnbow View Post
It seems you believe that the Dotard carefully strategized this whole tariff brouhaha, as opposed to it being a frustrated reaction to all the shit blowing up around him in the White House as reported in the OP's link.
Yeah, I do. There's no question about that. In order to believe that its anything other than that, you have to discount months and months of statements that were made about trade before the November 2016 election.

That said, I think Trump is less about carefully strategizing than he is about making instinctive, sometimes impulsive, decisions. But I'll leave it to you to put credence in a sloppily sourced report that suggests that the decision to move forward with tariffs was nothing more than the result of a temper tantrum.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 01:17 PM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.