Tit-for-tat: World responds to Trump's tariffs with levies on US goods

Uh....why....hyuk, hyuk, hyuk, golly gee willikers I must be dumb as fence post not to know this. I shore am glad I got somebody that's so smart like you to explain it.

You might wanna call up these fellers at this here Forbes magazine and let them know the real what's what as they seem to have it all turned around, which was what I had been thinking too

https://www.forbes.com/sites/simonc...res-why-trade-deficits-are-good/#1170b2682b96

(now watch, as Forbes becomes a mouthpiece for the Communist International, who knew?)

 

I said the difference is relative and it's not across the board, some cars are better than others and American cars are generally as good as any in the world. And the majority of "Foreign" cars are being made at American factories by American workers nowadays These tariffs are not only theoretically untenable they're not even really justified by what is actually happening in the world.

I dunno, maybe somebody miffed the God-Emperor about those tiny little hands. (he DOES look like a T-rex though). I just know that every source I read says that tariffs and trade wars are ruinous to everybody and that this was all worked out by hard experience in the 19th and early 20th centuries.

 

You sure are asking stupid questions like.

Dont get butt hurt when you ask a stupid questions. You minus well ask how having our chief rival and enemy funding our debt effects our sovereignty.

The fact that there is a leftist progressive preaching debt based economics isnt a surprise. Balancing a budget is something foreign to them. The article is a joke, and Simon Constable is an idiot. The article is too short and its primarily consists of opinions, with one vague reference to an actual economist.

So the more stuff I buy, the less stuff I sell, and the more indebted I am, the better off I am as a result?

Wow. Thats amazing...

As shown, it only applies to a relationship between an employee and employer. Not equal partner in trade.

If I constantly buy 20 cars but only sell 2 plastic balls, how long before I go bankrupt as a result of that trade deficit? And is it in my best interest to have my chief enemy hold that debt?

But I thought "the more goodies you get rather than give, the better off you are"...


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From article




Please explain to me how having our chief rival and enemy funding us is good for our national security or sovereignty?

Are you more sovereign(in control) when a bank owns you home? Are you going to argue that you have more sovereignty than a bank who owns it?

 

Yeh, right, now you know better than Forbes because you can type in Big letters.
Obviously you know nothing of real banking or wealth creation, and how debt makes you far richer than hoarding money ever can. Christ, I'll bet you own gold too. Ah, well, go on your sovereign way, enjoy all the money you've saved while I will enjoy all the things money can buy. He who dies with the most toys wins

 

This speaks volumes about your ignorance.

The above true is only true when you are BORROWING MONEY. You borrow money and now you have more wealth than you initially had. The main part is that YOU HAVE ACCESS TO THAT MONEY and you reinvest it. That's how debt might create wealth.

Wealth is not created by spending all of your money on Chinese tariffs, loosing equivalent to more than half of your total trade value with them. Thats stupidly

Its not like you have access to that money like you would when borrowing from a bank.

To go to my previous example-

"If I constantly buy 20 cars but only sell 2 plastic balls, how long before I go bankrupt as a result of that trade deficit?"

Does such a trade deficit makes me richer?

Only the truly ignorant conflate dynamics of owing money due to paying taxes that result in trade deficits vs borrowing money to reinvest. And only the truly ignorant would say that you are creating wealth in both cases.

Like I said, in one case you owe money but you dont have access to it(Like interest). The other is that you owe money but you have access to it(Like a loan).

When China charges us 25% on every car sent in, and we charge next to nothing, does that trade deficit it will result in make me magically richer? Even though I am in fact loosing money? In China's case, we loose over half of the total trade valuw with them.

Anyway, can you do nothing but use fallacious arguments? Maybe if you actually knew what you were talking about, you wouldn't have to appeal to authority. You are citing Forbes like its the bible. "But Forbes says..." lol.

 

You're right in that finance isn't really my forte, but I know that some names are big in finance and Forbes is supposedly well among them

I have Forbes, you have...uh...you

I'm going with Forbes for now,

https://www.google.com/search?q=are...&sourceid=chrome&ie=UTF-8&safe=active&ssui=on

 

No, such talks were never tried by Trump Swede ... he never tried to make any negotiation with the EU. And more as that ... all these things claimed here as reason for the BS done by Trump were part of th TTIP and her enot to the disadvantage of the USA. I personally was against this TTIP, because for me to much advantage for the US and including things which are a no go for me to accept ever ... like gene manipulated food and the cancellation of the necessity to declare them clear to be so.

And what did Trump? Put it into the garbage (What make sme happy), but then decalring 100% BS about and then starting to demand things which were still part of TTIP.

 

Cool ... and why did trump then cancel TTIP? Right this was part of it and more as that in advantage of the USA!

 

No ... the idiotic punitive tariffs on steel and aluminum are just the drop that has overflowed the barrel of anger and hatred for this idiot in the White House!

 

ROFL ...
At every BS that somebody from NASA or any university gives out to question the climate change ... is being held, rather than using your own brain on the topic!

Look at the satellites footage of the ice development of Nors- and South Pole since 2000 and be amazed! And then come back with the BS statement from some NASA troll.

Take a look for yourself instead of just reading a BS!

 

Read carefully to every word I write. Trump was hired to change the way America does things. Keep that thought in your mind.
Before Trump came talking with EU and China was the practice of Obama, Bush, Clinton, Bush. Nothing changed. The talks always failed to bring change.
Trump said to the people, "I will not talk with these bastards anymore, I will act".
He got the job.
The day of talking is over.
Its that simple.

 

Apart from the fact that these negotiations had brought something for the USA... is this action ot Trump correct?
Okay, then we just deal with this bastard in the US sameway from now on and maybe talk about it later if they just base their actions on lies, half-truths and twisted facts. Because, why talk to such a lying bastard?

Had Trump not thrown TTIP in the bin, there would be no more annoyance over tariffs!
And instead of ... justified !!! ... attacking Chian in Handelsdingen, he directly attacks all. The enemy of my enemy is my friend ... that will be the result of the whole, because why should the EU, Japan, Canada, Mexico, India, Russia and others be here for the US if they are themselves attacked by the US?
I could now indefinitely show Trump's BS and prove with facts how idiotic that is, what he does ... but that's wasted time I think!

 

Trump is not interested in large multi-lateral trade agreements like TTIP. You will notice that he also withdrew from Trans-Pacific Trade deal too. He has wide support from his base for those moves.
The EU/Germany should reply to Trump in the same way he is dealing with you and may the best man win.

 

Yes, we have been through many. And the only reason Katrina was worse was because our levees were compromised and it had nothing to do with the so called, "global warming". My belief, if the media was so worried about global warming they would promote using less jet fuel in the atmosphere....jmo.

 

Katrina was bad when it crossed Florida.

 

So in other words, you cant speaks for your self because you dont know what you are talking about, and so you take the writings of progressive liberals in blind faith. Its almost like a religion.

What's even funnier is that that Forbes article didn't dispute my claim. It stated virtually no facts and its primarily consists of opinions. The journalist who wrote that shabby article said that trade deficit could be good while not elaborating how, and while fallaciously use an example of being paid by an employer. Except, when you have a trade deficit, you aren't being paid. You are the one playing. Lol.
He went on to talk as if having China(our chief enemy and rival) financing our debt is a good thing.

Whats even funnier still, is that there are multiple economic theories out there. There really isnt a single right theory, as any competent economists would say. Sometimes a keynesian theory does a better job modeling certain things. Sometimes classical theory does a better job modeling certain things. Other economic theories are better in certain cases as well. But none of them are explicitly wrong. Its more philosophical than anything.
Yet you treat an article which has virtually no substantiating facts as if its some gospel.

The funniest of all is that the idiot who wrote the article is not an economist. He is not an authority on that science. Thats why he passively referenced his professor instead of using his own credentials, or more importantly facts.
He is an Author, Broadcaster, Journalist, Commentator, and a Speaker. But he is not an economist. He is as much of an authority on economics as some journalists **** writing a science related article for Gizmodo is on science. Yet you treat his words as gospel. Lol

 

Trade wars are never good

But apparently the euros are willing to fight for the special treatment they have come to be used to from America

We just want a level playing field and they dont

 

I agree

Euros were just itching for an excuse to declare war on trump

 

Pretty funny. I don't know if your just playing the Trump song or are uninformed.
The Us exports more cars to China than any country other than Canada.
While the US imports only 58,000 cars from China.
China is GM's largest customer and that includes the US. Those cars are built in China just like Toyota are made in America.

Growth in China is vital for GM because the company has retrenched in or left several other large markets. In 2017 it ended almost 90 years in Europe, having lost close to $20 billion there since 1999; last year it also left India, where its profit margins were low; it fled Russia in 2015 in response to political and economic instability.
It’s a far different story on the mainland. GM and its partners sold 4 million vehicles in China in 2017, about 1 million more than the automaker sold in the U.S. General Motors China Inc. earned about $2 billion last year, about 18 percent of its parent’s global profit. Annual auto sales in China are expected to increase by 5 million vehicles in five years, to more than 34 million, says researcher LMC Automotive Ltd.

https://www.bloomberg.com/news/articles/2018-05-24/gm-is-building-cheap-cars-for-china-s-masses

 

Excuse for what and who started the war again? Did the Euros suddenly decalre punitatice tariffs on US products because not being amused with the situation and giving a hell of any talks before ... or did Trump do?

It is only Trump who started to fire one broadside against the EU after another and there is time, when EU shots back ... and then you seriously tell we started this BS? Who shots first in this trade war against? Trump!

and the funny idiotic issue is at least that Trumps main target is China and its real unfair behavior in trade etc. You could have strong allies around the globe for it, but Trump preferred to shot on them too and so declaring them as further enemies. And then come some trolls in this forum and don't understand why the EU does not support him here. Rediculous USA!

 

The tariffs are small potatoes for the euros

You yourself said they were just an excuse to confront trump

 

Yes, because, he still did much BS and insulting before that ... and we stood calm.But there is a limit until where you stay calm and this limit is exceeded!
You by your own have also such a limit, isn't it? So everthing correct of EU reaction towards Trump and his impudence!

 

The reason is well known why he does not like it ... because with the complete EU he is not in the stronger position as he prefers to be for his deals since ever.
Anyway ... we still started to deal the same way with him now and if he thinks to fuel the dispute, we will see if he can win against the allied power of 28 EU member countries, the UK, Russia, Japan, India, Canada, Mexico, China and several more ... because against all of them trump started the trade war and how was the old saying again? The enemy of my enemy is my new ally!