Trump Can Get a Massive Double Win On Trade
- Thread starter West Dundee Hawkeye
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hawkeyetraveler
HB Heisman
I doubt anyone disagrees that China is a major threat that must be addressed. But instead of rallying our international allies to fight the bully Trump pissed off every the other country, sending some of them straight into China’s embrace. Now we are the ones isolated and have far less leverage to address the many threats from China. This weakens our security and our economy.
Trump napalmed free trade globally when we needed a targeted strike to address the issue.
You recognize that is different, no? I have no problem if the US pulls out of those talks and Europe steps in.
Some industries have been able to do this to their equipment for many years. As long as the module has internet or cellular coverage it can easily be done, however it is the first I’ve heard of it applying to medical equipment.
I’ve seen it set up so they can disable individually, by account, by state, and by country.
Sitting around waiting for our allies to do something is not the answer. How did it work for Biden??? Many of our allies are screwing us as much as China.
Similar to the U.S., many of their leaders are bought and paid for by the Chinese.
hawkeyetraveler
HB Heisman
You aren’t entirely wrong. A UN style consensus would never work. Nothing works in the UN.
But we could have gotten a few large allies (say Japan, Korea, the UK and Germany) who collectively control a much larger percentage of Chinese exports than we do alone and forced the issue, that much is actually manageable and probably could work.
Instead we said f*ck it, let’s get into a trade war with all of them at the same time. It was the dumbest option of any option available.
There were advantages of doing it either way. I have no problem with the way we handled it. Most of the large allies are screwing us with trade and tariffs too.
Those large allies weren't even wiling to increase their NATO contribution until Trump simultaneously kicked all of their asses.
hawkeyetraveler
HB Heisman
I have many posts in the past few days to explain why you are not thinking clearly so I won’t reiterate them here. It is of course your right to think as you do, I just wish the rest of us didn’t have to go down with the ship your hero Trump drove into the iceberg.
Don't worry. The world isn't coming to an end.
The sun will rise tomorrow, and Trump will still be our President.
hawkeyetraveler
HB Heisman
Oh I’m well aware just how many more months I have to wait out until that clown is out of the oval. I know for some strange reason that brings you joy. It’s honestly kind of weird.
You will soon see the exact implications of this trade war. If tariffs continue like this we are looking at recession and a massive market impact. A lot of long term damage has already been done. Even if Trump caves and finds some meaningless win to trumpet we have lost our standing as the leader of the free world. This means American business will have a tougher time accessing markets.
Everything just became slower and more expensive for US business interests at home and abroad.
And I have no idea why you want Trump to cave with these tariffs, and allow the other countries to continue to screw the U.S.
There is obviously a problem. Up until now, no President has been willing to step up and do something about it.
hawkeyetraveler
HB Heisman
I have answered why I think Trump’s economic policy is a disaster in many many other posts. I don’t expect you to read them, but since you asked why I think the way I do here are two posts that sum it up for you.
Are trade imbalances inherently bad?
This is what I don’t get. It seems to me trade should be a country by country analysis. Are countries levying high tariffs on US goods? Which goods? Are they impeding access to US goods or engaging in other shenanigans? Otherwise, why is it inherently a bad thing if there’s a trade deficit with...
iowa.forums.rivals.com
Bananas, coffee and tariffs...
Saw a lot of talk about bananas and coffee in one of the tariffs thread, and I thought this is a perfect example of WHY we might want tariffs, without junking up the already junked-up other thread. But to be clear: We are perfectly capable of producing our own coffee and bananas! Absolutely...
iowa.forums.rivals.com
I have answered why I think Trump’s economic policy is a disaster in many many other posts. I don’t expect you to read them, but since you asked why I think the way I do here are two posts that sum it up for you.
Are trade imbalances inherently bad?
This is what I don’t get. It seems to me trade should be a country by country analysis. Are countries levying high tariffs on US goods? Which goods? Are they impeding access to US goods or engaging in other shenanigans? Otherwise, why is it inherently a bad thing if there’s a trade deficit with...iowa.forums.rivals.com
Bananas, coffee and tariffs...
Saw a lot of talk about bananas and coffee in one of the tariffs thread, and I thought this is a perfect example of WHY we might want tariffs, without junking up the already junked-up other thread. But to be clear: We are perfectly capable of producing our own coffee and bananas! Absolutely...iowa.forums.rivals.com
I read both posts. Your TDS gets the best of you. You can't overcome your hate for Trump and think rationally.
Again, if other countries open their markets and balance their trade deficits, they won't be tariffed. They need motivation to open their markets and balance trade, which is where the tariffs come into play.
Oh, stop. I just asked for a link because I wanted to read more. People do that all the time.
Turns out it wasn’t what you said, but maybe the local news blew it out of proportion.
hawkeyetraveler
HB Heisman
Well I don’t believe we need balanced trade to have a thriving economy. In fact I believe having balanced trade with some countries hurts America.
I think you must be confusing a trade deficit with our fiscal deficit. Those are two entirely separate things. If I go to the store to buy groceries I have a trade deficit with the grocery store. I bought more from them than they bought from me. But hey, I now have groceries and the fact they didn’t buy anything from me is perfectly natural. Same with the US and many other nations. I can be very wealthy and have a trade deficit provided I don’t spend money irresponsibly and have a good way of making money. We should have free trade, smaller government and somewhat higher taxes to balance the budget. That is the magic cocktail to a thriving economy.
At the heart of the issue is that tariffs encourage inefficiency. If I set a tariff then I am directly saying it is ok that those American businesses are inefficient. The business loses the incentive to innovate. I prefer letting the free market decide and only in highly select instances where we need that industry should we ever consider a tariff. Tariffs are a horrible blunt force instrument when used broadly.
The last time we did this was called: THE GREAT DEPRESSION. This is not hard and it’s not like I’m on thin ice. Market protections have been implemented in many countries over the past 100 years. It always plays out the same way. It played out that way in the US in the depression, it played out that way in Japan more recently, it played out that way in Argentina pre-Milei. It always plays out this way.
You will soon see, because if Trump keeps his tariff regime we will have recession, inflation and we still won’t have all those factories you think can magically be built here quickly.
Trump will cave soon enough. He doesn’t have the patience or courage. He will make a crappy deal and call it beautiful. His propaganda machine will feed the magat base their positive opinion of the deal.
Its what he does enjoy the show
Its what he does enjoy the show
hawkeyetraveler
HB Heisman
Well then you just don’t understand how economics works. That’s ok, you aren’t alone. Neither does anyone in the White House.
Once again, your TDS gets the best of you. You just can't help yourself.
You're the one with the problem. Get help.
We need to face facts about Trump and his policies or gut which he makes all decisions by. Reason , logic, facts, etc do not apply. Trump is petty, simplistic, and vindictive. There is no 4 D Chess.
All of that is fluff. We can do business like that as a luxury once our budget is balanced, we've cut all the waste, and we're running at a surplus annually.
For now, we have to prioritize tangible financial outcomes over social niceties.
What if China doesn’t capitulate? What if they gamble on the ~10% of goods the U.S. purchases, and just looks to grow markets elsewhere?
Is this a plausible scenario?
Is this a plausible scenario?
Or what they do is pull a bail and switch. Promise to build a bunch of factories. Ala Foxcom. Get the tariffs lifted. By breaking some ground and forcing communities to upend some municipalities. Then walk away under a new administration.
WOW. In your wildest dreams. Balanced budget. Surplus. Let's see what the deficit looks like at the end of each year of the Orange Kwueen's reign.
Hope so. Hoping in two weeks
. Best case scenario make a deal with everyone but China. But he wouldn’t think about that.
The dow is plus 1000 on the day so far. Inverse kramer is in full effect. Take a deep breath, it'll all be okay
You should probably take econ 101 before you hurt your head trying to understand the higher courses. Blind allegiance to what's happening isn't smart.
Exactly...that stuff is WAY down the list of what we should be worried about economically.
See, we're not so far apart.
You're correct. Unless someone steps in and takes control the gwad awful mess this Orange clown has created will make everything moot.
I don't do LoL's but this is worth one. Balanced budget, all waste cut. MAGA noise. This Republican party is totally incapable of recovering what they've taken from the American society over the past 3 decades.
