Trade War begins: US and China exchange $34 billion in tariffs

Is that the one with a brownie for desert or is it cobbler?

 

Col. Sanders Kentucky Fried Chicken (when the fried chicken was the best)
did not offer any deserts that I remember.
Biscuits and honey were the closest thing.
And always the best mashed potatoes and gravy.

 

I'm sure it would have temporary effect on economies but sharper effect on owners of equities.

 

Thanks for proving my point.

 

ROFL ...
You know, the fast food chains ... you forget Burger King ... buy and produce food locally?
On an American Cheesburger is Amrican Neef and American cheese in an American bun ...
It's all from Germany on a German cheeseburger, on a Japanese burger from Japan, on an Australian burger from Australia and in China from China!

Or did you seriously think that the "Eat Yourselves to Death Stations" from the US who have many thousands of branches worldwide, have their stuff imported from the US?

 

You are half right

The goal is to crush America through trump and replace it with china

 

They are franchises. They are already run by Chinese companies.

 

Yep, they try to source locally which is why a Big Mac in Germany or Great Britain doesn't taste quite right to Americans. A little bit off or in the case of the fries, a lot off.

 

The tastes are different worldwide, as everyone knows ...

But I once saw a reportage on TV, where the MacDonalds core products should all taste the same everywhere and this is regularly tested on an international level. I know people who confirm this, others who do not and for my part I can only say that MacDonald's crap in Europe does not taste the same in my eyes ...

 

If you want to have an industrial base, make what you consume, you have to protect your nation from slave labor. Which is what our Founders did. And what the Founders put into place allowed us to win ww2 by outproducing not one but two enemies.

No nation ever became GREAT and powerful with a service sector based economy. A very inconvenient fact. And it goes without saying. No long views here, just short views and the love of the cheapest widget you can buy, to fill your homes.

The cheapest widget may not always be the way to go. Unless your nation is filled with working poor people. Which is what america is becoming. Because of what is called free trade but is based upon offshoring our economy. A nation's economy is what feeds its own people and allows for optimum prosperity...and not just the top 1 percent. We seemed to have forgotten this very important fact. You want a nation filled with mostly low wage service sector, walmart, fast food jobs for americans? That is what so called free trade gave americans. Wake the hell up!

 

time change, so does everything else, today US job and economy growth need export market to continue.
its the opposite, our nation is fill with mid -high tech industry more so than other developing nation. China and other developing nation are fill with low wage sector.

NK is the best example of shut off, so does iran. without global trade, that's where your economy model goes. protectionism cause the great depression.

 

The goal is noble and I agree with it, since China's economical treatment of foreign entreprises is indeed unfair, not just to the US but to the world in general.

However, by entering commerce war with his allies as well, Trump effectively shoots himself in the foot in its war with China.

 

But basic sound principles do not change. Nothing has changed that would negate the principles used by our founders. For there has always been cheap, slave labor in this world. A change in technology does not negate basic principles based upon intelligence.

Offshoring our economy is treason upon the People. It creates even a greater disparity in income in favor of the top, and therefore is just another scheme. This cannot be refuted, and the disparity income now exceeds that of the Gilded Age. We didn't create history's largest middle class with slave labor globalism, leaving us with a service sector based economy. In fact, you can see what this is doing to the middle class and will continue to do. Ignore it at your own peril if you are an average american...which is, BTW, most americans. Wake the hell up!

 

Not sure if he shoots himself in the foot but it might have been better to take on China first and the other guys later. So far every time I think Trump has bit off more than he-we can chew though it ends well so time will tell.

 

Sometimes it was said that it took about 90 years after the founding of the US, until in the US no official slave labor was available and many view the industrialization worldwide as modern slavery ... After all, socialism and then communism came into being in all countries, including the United States, just at the time of the workers' movement and the emerging / rising unions!

The big problem is that the US is a victim of its own economic philosophy and politics as far as the whole thing is concerned. It was the US, which demanded free world trade without limits and restrictions, where purely the competition and market decided ... so roughly capitalism!
That was and is just as much a misconception as Communism was and is, simply because the reality on this planet does not allow it! The whole thing with free world trade only works if everyone agrees to the same conditions and does not think selfishly, but that's where the reality stands in opposition to the theory ... as in communism.

 

The trouble arose as soon as capitalism was not used to enrich a nation, and her people, but only a few at the top. When capitalism became the form of gov't. Which it has. Instead of an economic system that serves a nation and her own people. For it is a nation's economic model that either allows an optimum number of people to prosper, using capitalism, within national borders, and feeds the people, or it doesn't. Capitalism, trans-capitalism, seeking out slave labor is the problem, in that it destroys what nationalistic capitalism created. A large middle class. What is important is the question? Huge corporations and banks that only seek their own profits, or the People of a nation. Well, we decided, our gov't decided, that the former is the only thing that is important. Not that hard to see. It is rather obvious. And this is 180 from what our wise founders put into place, and which allowed us to prevail in ww2, as well as creating history's largest middle class here. The principles of the founders did that, and not neoliberal slave labor globalism. A scheme of the elites.

 

@One Mind:

This guy does not know what an industrial base is so how can he understand the need to have one?

 

economic principle change ALOT since 18th century, back then the only thing are cotton, farm etc, now the stuff we make are so complicate, it require things from all over the world. Every bod has offshore economy, company expand where demand are. In US if they have skill, they can find work. don't expect competing skill of making socks. China and other are not slave labor, its cheaper, but so does the cost of living in those countries. I consider avg America has college degree, in which case most can find jobs. currently we have record low unemployment rate, so whats your point? protectnism will turn this country into NK.

 

I do know industrial base, you are competing making sock and low end product, leave those to country such as Vietnam. US should compete in mid-high tech. apple make billions, you know how much profit Foxconn make by making apple product 2%. majority of share goto apple which design the product.

unemployment is lowest ever, so whats your point? we are doing fine, only those without skill or high school drop out are not doing ok, cause guess what company hire those with unique talent and they get pay more.

 

What has not changed is how you build an industrial base, and keep it, for national security reasons. China is doing that, with tariffs and non tariff trade barriers. Nothing has changed, if you want to do this, since the Founders were intelligent enough to realize it. That some americans don't have that ability is a huge problem. The basic principle for maintaining industry and jobs, has never changed. And will never change, even when most jobs are done by AI and robots. The jobs that will not be done by AI and robots will need protecting, or you lose the ability of your own people, to feed themselves. Not rocket science although it does seem that some think it is.

 

Eventually the country that makes the Apple will design them too and name it the Mao Phone

That is chinas plan

But as a foreigner why do you presume to tell Americans what our trade policy should be? the country that is making the Apple will design it too

 

what industry you talking about? steel we have it, before tariff we make most our steel. Chips, jet, auto, semiconductor, we have designer + manufacture base for those, just not 100%. like I said, the fact IS unemployment our record low, you can't argue with that.

 

I dont think foreigners care very much about Americas national security

Thats why they are telling us to relax and dont worry about it

 

yes, which is why we compete at high and mid tech not at low tech stuff such as textile. in mid-high tech which require college degree in STEM, they have no problem to find a job, in fact we are short on those talent right now.

 

Since Liberal and lefty are the "bad guys", I'll let them go, because the righties could do it perfectly when they were in power.
Since 1929, there was no significant crisis in the US economy ... but in the 1980's, of course, you had to make the whole thing more free of rules ... until today.

The whole problem goes even deeper than you describe it.
In the past, the CEOs were actually the owners and they had a personal interest in their own company ... as is often the case in many countries today, at least in the SME sector.
And how is it today? It has taken over the manager culture and that harms companies and employees in the end too often!
An appointed CEO is the boss for a few years and he is judged by success ... and this success is the benefit to the shareholders and nothing else!
We have a huge insurance with us - Allianz - which is also active in the US. Many years ago she had recorded a record profit in the over 100-year-old company history .... that is, the result of the employees and the decisions at the end. What was the CEO's thanks? 5,000 layoffs to consolidate and increase profits.
Since no one understands capitalism anymore, or not?