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

Trump is blunt but truthful

Now you are letting your emotions dictate policy

 

That doesn't obviate the fact that tariffs consistently hurt the tariiffer more than the tariffee. Tariff's. Don't. Work. They were tried over and over in the 1800's and right up into and during the Great Depression, which many say they caused or at least exacerbated. They NEVER accomplished anything and may have caused WWII, or at least made it worse.

if the EU countries are charging us tariffs the best thing we can do is let them, the tariffs will hurt their own industries more than ours in the long run, just like these tariffs will hurt us. It is expensive to support industries that will not meet the competition, but rely upon government aid and, more importantly, it makes the country backward. As the inferior goods they produce become more and more shoddy and outdated the tariffs have to become higher and higher to protect them until consumers will finally not buy them in any case, and neither will anybody else. They now have a reputation as inferior and may never live it down.

These tariffs are almost totally for the immediate and short term benefit of Trump and Trump's cronies like everything Trump has done, **** the country

 

Why should they always hurt the country imposing the tariffs more?

That does not make any sense

The US has a trade deficit with the world as awhole and reducing that defecit is good for America

 

And he will deal with them one by one. Japan and the US will make a new trade deal that is more favorable to the US and all will be good again. The same thing will happen with Canada. Then will come the turn India. Then will come the turn of the UK. There is no need to treat them all the same. A custom deal for each one. They will like it very much. With all of them president will make new unilateral trade deals that are fair and free. Eventually only the one hard case will be left. That one is China.

 

No matter how you slice and deceit the only ones who wind up paying are the consuming public.We have been paying high tariff on Chinese tires,sneakers,leather shoes and a multitude of other products for years already.

 

Quit looking for an argument. The thing that you copied and passed does nothing to address the point of our enormous trade deficit with China. You missed the point entirely.
You obviously

 

I just said, they allow that country to keep making shoddy and outdated goods until they get a reputation for making same. The tariff imposing country also loses foreign markets.

Are you quite sure you understand what a trade deficit is? It's a subtle concept, one even the President may not fully grasp

https://www.forbes.com/sites/simonc...res-why-trade-deficits-are-good/#4a5cbef82b96

https://www.cato.org/publications/commentary/are-trade-deficits-really-bad-news

https://www.nytimes.com/2018/03/05/us/politics/trade-deficit-tariffs-economists-trump.html

 

Americans do not make shoddy or outdated products

But China often does

What liberals like you want is cheap products made in another country where polution and worker safety laws do not exist or ignored

 

I do understand

But that old liberal pirate warren buffett may understand it even better

And he also thinks its bad for America

http://fortune.com/2016/04/29/warren-buffett-foreign-trade/

 

No, I want cheap products made here to meet competition from those foreign products. There are other ways to offset your increased costs than asking the government to tax your competitor's products

And you're right, Americans don't make shoddy or outdated products.....yet. They have had to meet foreign competition and not hide behind tariffs up until now

 

You cannot pay Americans pennies an hour

I say no tariffs on euro and S Korean and Japanese goods if they do not charge us tariffs

But very high tariffs on countries like china and india

 

Did you forget the post?

Fallen said: ↑
Sigh..I thought that you would be at least smart enough to rationalize it. I guess you really don't know anything about economics

Lets use China as an example.

China was charging a tax of 25% for every car sent into their country. Practices like this create massive trade deficits, which acts as a leakage on our economy. Due to our trade deficits, we have a leakage of ~600 billion per year. Its going down the drain.

Learn about the subject you are talking about before you form opinions about them and ask stupid questions.

 

You are still at it?

We were talking about using tariffs to offset our massive trade deficits.

Whether china sells more cars to us, or the other way around, is inconsequential. Nor was it the subject. You missed the point entirely. If you knew how to read, then you would know I was talking about the 25% tariff that China charged us rather the amount of cars traded. No one was arguing about who sells more cars to whom. You are dishonestly moving the goal post. But I guess you dont know how to read. Nor do you understand the meaning of context. Maybe you should read up on the discussion leading up to that. Or maybe you are ignoring context on purpose in a dishonest attempt to derail the conversation?

China charging us 25% for every car sent in, while we are charging virtually nothing, was an example used in the main topic. We have massive trade deficits with China that is more than half of our total trade with them. Who sells more cars to whom is irrelevant to that point. Nor does it contradict it. Nice try.

Like I said-
Quit looking for an argument. The thing that you copied and passed does nothing to address the point of our enormous trade deficit with China. You missed the point entirely.

 

Your mad at China because GM sells more cars there than they sell in the US? WTF.
Do you really think the US companies would sell anymore cars in China without any tariffs?
Do you think there is a market in the US for $6,000 Chevy's that would justify a plant in the US.
Sheesh!
What did Stormy say? Get real.

 

That is true but you can stop paying CEO's multiple millions as a reward for running the company into the ground.

 

You must have some sort of reading disability.

Im mad at China because we have a trade deficit with them that is worth more than half of the value of our total trade with them

And who's to says if we would sell more if we didn't have to pay 25% tax for every car exported to them. But I know that if we didn't pay the extra 25% for every car exported to them, our trade deficit would be less

 

There is some truth to that

It happens in public life also

Public school superintendents making millions of dollars also get golden parachutes even when they are forced out for bad performance

Why the public puts up with that in either case is a mystery to me

 

If your mad at them over the deficit, you should pick on something that would make it better instead of something with no basis in fact. But then Spanky hasn't given you any facts yet.
Would you trade them our 25% tariff on trucks for their 25% tariff?
Oh, you don't pay anything to ship them a car they pay the tariff on their end.

 

Harley-Davidson has announced it will relocate some of it's manufacturing to an EU country to combat the heavy retaliatory tariffs the EU is imposing to combat the Dirty Donald tariffs he has imposed.The tariffs have added as much as $2,200 to the cost of high end Harley's.The EU is the second largest market for Harley sales.

 

With comparable tariffs on BMW motorcycles maybe they will be forced to move production here

 

Those Germans are pretty smart.
They import about $390 million in Harleys, while we import $350 million in BMWs.
A lot of the BMWs are made in India. I don't know how many of those are in the $350 million.

 

Yeah, and he was opposed to the Keystone Pipeline too. Why? Because he owns Burlington Northern Railroad that transports lots of the oil the Keystone pipeline will now be transporting. I don't think I will worry about what Warren Buffett thinks is bad for America. Too often what he means is that it is bad for Warren Buffett.

 

I didnt know that BMW was producing motorcycles in India

Are they top of the line or some utility job for the farmers to ride?

 

I think you should give buffett credit where its due

And in the case of our trade deficit he is right

 

deficit is not an issue, the IP protection is. more deficit only mean consumer confident here is high and purchase more, thus higher deficit. Consumer benefit low cost product especially those lower income bracket, they can spend those saving in other place such as mortgage which is majority of ppls spending.
Sure we can force company to make stuff here, but we already at less than 4% unemployment, we wont able to find enough workers to make ALL those products, Tariff are tax on consumer, pure and simple.

Also 90% GM/Ford car sold in china are made in China anyway, so china 25% duty import on auto has minimum affect on US auto, but it benefit brand such as BMW/Benz tremendously.

if we want reduce trade deficit with them, the simple way is sell them more our stuff. but we don't want to sell them military weapon/tech or high tech, we only willing to sell them agriculture and energy product, there are only so much they can buy from those two category + auto/medical etc.