Trump will raise tariff rates on Chinese goods in response to trade war retaliation

I certainly think so. Increasing production without increasing population for labor is a recipe for prosperity.

 

It is never about how many jobs they can fill, it is ALWAYS about profits, and operating expense is a large part of the equation. If a robot costs less to operate than keeping an employee, then the employee goes out the door.

 

The mystery is why libs prefer to see china’s economy grow instead of ours

 

Because they have been co-opted by the globalists for whom nations are a nuisance.

 

You are totally lost on this subject

Just recently you wrote:

The Trump argument is that everyone who wants to work today already has a job, or can easily find a job, so who is going to sit at an assembly lines? Illegal aliens?

Either you think we have a worker surplus or a worker shortage

Which is it?

 

And in this case the employee is likely an illegal alien whom we can send out of the country, not merely out of the door.

 

That thought strikes fear in the heart of every globalist lib

 

And capitalism has been inherently globalist for that entire time. I'm not sure where I'm losing you.

 

The tariffs in early US had only one purpose, and it was to generate revenue.

Huh? Now you are not making any sense whatsoever.

I stand by what I said about robots. It is factually 100% correct, as are my past comments.

 

99.9% of able-bodied working age US citizens working and paying payroll taxes to the US Treasury.

Cut all US Treasury expenditures for illegal aliens to zero. An empty cupboard for illegal aliens.

 

So.......bringing the jobs back from China would initially benefit only illegal aliens, until robots replace them.......never the American worker.

Seems like you have trouble sticking to your earlier points.

I'll bet the robots will all have a "Made In China" stamped on their side.

 

He is trying to defend Trump policies which is a mission impossible when critical thinkers expose the idiocy.

 

Trump needs to step up the pace, because 95 million people (as he parroted during the campaign) are out of the workforce. The trade war is likely to increase that number.

 

China's currency fell to a 11-year low today. Three of China's largest banks have failed in the last three months. Capital flight from Hong Kong has reached over $1billion per day.

Trump is winning the trade war with China.

Tariffs work.

 

Continued accommodation of China with unfair trade and business as usual, as it has been for decades, is the road to serfdom.

 

Sure....it is 0.06 lower than it was Nov 2018, or 2017, so it is practically unchanged.

 

my guess is it goes back to almost what it was pre-Trump, but we will see - if trump gets a great deal I will give him credit on this, but no way I give him credit for anything before a deal ever again

I did that when he banned 5g, then changed his mind... never know with Trump what his "deal" will be, look at the "deal" with Mexico or North Korea

it will be sad if America went through so much pain and Trump doesn't get a deal that makes it worth it

 

Will that be a first

 

I don't think tariffs on China is going to be much help with that.

 

That is the point.

Until now, it was expected that America's middle class would always grow and that every generation of Americans could expect to enjoy a better standard of living than their parents did. That was before illegal (not legal) immigrants started to flood over the border 30 years ago to steal jobs for low wages and crush those dreams.

I don't know your age, so I don't know what your parents told you to expect in life? I doubt it was a life of low wages and living in a garage.

As for my generation, I worked and bought my first home at age 26. Forty years later, I own two that are paid for and I didn't inherit either one. I hope my generation is not the last to accomplish this.

Don't you?

 

China's exports to the US are about 3 percent of the US economy. President Trump wants them to play fair, or kick them off the field. I see nothing wrong in that.

The current trade deficit is about $450 billion. $150 billion is cell phones and computers. A handful of billionaires in Silicon Valley can erase that imbalance by themselves if they see it is to their benefit and the benefit of American workers.

$50 billion is in clothing which is of poor quality to begin with--jeans that wear out, socks that get holes too fast.

Past ceo's and politicians have taken the lazy man's way to riches while screwing the American worker. President Trump wants to reverse that.

Exactly where is he wrong?

 

I can think of quite a few things. Just a few on phones.
Apple has 300,000 people building phones. Where are you going to build the city and find the workers to staff the new plant that pays it's workers $7.50 an hour.
The supply chain for phones is in East Asia. Shipping alone would be a killer.
Other cell phone suppliers have much lower opportunity costs than US companies would have, thus causing loss of market share.
China would stop buying US made phones vs Chinese made iPhones cutting revenue in half.
I'm sure I can come up with a few more, but you can start with those.

 

You are just making stuff up

America has aways had a protectionist trade policy up until the 1990s

 

US started to do away with tariffs and replacing them with income tax before WW-1, but the real pro-business boost came with Reagan and Bush Sr who wanted to free up corporations ability to trade with other countries. The imports from China skyrocketed as soon as Bush "W" Jr took office. Now we are entering a new high-tax / high-regulation era with Trump, and so far it is not looking too good. Average American is paying an additional $1000 every year to pay for his taxes.

 

Ultimately the US has the most to lose but, listen to what you are arguing. Either way - both sides lose. This is not "winning" .. this is "Losing".

If it were just China - I might be convinced to see some light at the end of the tunnel .. but its not. Trump is at war with almost every nation that matters on either the basis of trade or sanctions.

The value add to China on an Iphone is something like 2%.. Most of the cost of manufacture is from things like the screen from Korea or the chips from Japan. So on $1000 dollars in trade value - China will lose $20 .

When we sell a soybean to China - the value add is higher than 90%. So on 1000 dollars in trade we lose $900. That is a 45 times differential. The trade imbalance equation does not go negative for us on the basis of a 2 x ratio never mind 45 x.