Trump's new tariff threat could make iPhones, toys and shoes more expensive

They hate trump so much they are turning on America for electing him

 

So long as China holds $1.2T in US debt this solution would be disastrous for America as I already explained in an earlier post.

 

Another reason to curse the swamp rats in both parties rinning washington

They are stupid

 

And a trade war isn't?

 

A trade war hurts both countries

But in the long run it hurts china more

So they have the most incentive to deal

 

It seems to me that there are many other nations who could gear up and fill the consumer product void. India comes to mind.

 

I prefer made in America

But any friendly country is better than china

 

This is beyond the pale: The trade wars hurt China more? Only in the world of Bizarro. So we buy 5 times as many goods from them as they do from us. Which means we are going to pay, generally speaking, 5 times as much as they pay.

For example: As an exercise in math, let's just say we get 100 million dollars worth of HD TVs from China, and they get 20 million dollars of packs of gum from us. Now, we are going to add a 25% tax to the 100 million dollars for the TVs we buy, and they are going to tax their 20 million dollars of gum from us at 25%. But they have more to lose? What kind of math is that?

Both China and America are mixed economies, both China and America regulate the activities of their citizens in the name of the nation's welfare, and both China and America are heading toward an even more tyrannical existence, and your solution, and Trump's solution, is to start a trade war. Because? It will make China more capitalistic and free? And set American capitalism and individualism free from an overbearing nanny state? BS. I ain't buy this delusional vision of how to make man's existence on earth better. Trade wars are a path to economic and moral hell. And you want to fight for that? God, save us from the blind, and for Man's sake, give us a vision that doesn't require human sacrifice for the good of all. (He won't, but Ayn Rand has.)

 

No, it means just the opposite actually.

Countries usually want to be the one to maintain a trade surplus with other countries. It means they get more money.

(China then uses that money to collect interest or buy up assets in the US)

 

In the short run the price of many consumer goods that are made in china will increase

But manufacturers will be forced to move production back to the US and many will

 

I agree. I was thinking inexpensive.

 

Unfortunately for U.S. farmers India has been ramping up production for quite a while now and just as happened with other third world industrialization our industries will have to compete with them in a world market. That is why it's essential to level the trade playing field with these other countries so we stop that "giant sucking sound" of U.S. Jobs going overseas. It's also why we need to protect certain vital to national security industries like agriculture and steel so we can never be held hostage to some other country as we once were by OPEC.

 

Only those who don't understand economic principles--the wealth of a nation is not the government's treasury, but the citizens' balance sheets.

 

BS, to the Nth degree. Whining about a trade deficit is bogus drivel. For example, my neighbor trades me one carton of cigarettes for my one cigarette. Damn. There's a trade deficit. Yeah, he's an idiot, and that's bad for me, how? Because he's employing more people to make his carton than I do to make my one? And this is the new mission of humans, to create jobs for others? I thought it was an individual's right to exist for his own sake and to pursue his own happiness. You know, "life, liberty, and the pursuit of happiness." How fast we forget the little we know.

It is not my responsibility to give farmers, and steelworkers, and soybean producers, a living. My responsibility is my life.

I don't eat to give farmers something to do, and I sure as hell don't buy a car to give an auto union worker a paycheck. I eat to live, I live to love my life, and I buy a car to enjoy and use as I live my life.

Tariffs are immoral because they are irrational. They don't produce economic growth, they don't protect the individual's right to free trade, and they don't produce anything but war... if followed to their logical conclusion.

 

You don't understand how cheaper prices in the short term can mean impoverishment in the long term.

Paying $6 to your own country is better than $5 to some other country.

Especially another country you are having to spend military budget to defend against.

 

whos working for $6 now, no one, manufacture job start at $14.

 

It was just an example.

 

Economics is not a zero-sum game. If the $5 spent in another country buys me what would cost me $6 in my country. I win and have an extra $1 to spend on my granddaughter's desire for cotton candy. Good deal for me, her...and the cotton candy maker, though really, when it comes to the cotton candy maker, I only care that his cotton candy is good, his life is his own adventure, as mine is mine.

 

Fortunately many of us can think beyond our own self interest and see the big picture.

 

If that were true, you would see that "life, liberty, and the pursuit of happiness" is the big picture, and that it is in your self-interest to practice it religiously, instead of demanding others live it for you.

 

I'm not against science or technology. I'm against narrow-minded conservatives who think it's OK to deprive workers of their jobs thru automation, but show no concern or willingness to help displaced workers find alternative work. I agree that new science & technology will provide many new opportunities not now dreamed of, but there's a path from where we are, to that promised land, that involves dedicated, concerned political operatives helping create the road displaced workers can take to arrive there. This is an area that stands as a prime example of Pro-Life supporters not really interested or caring about any life already born. For them, it's all up to the victims to raise themselves above the fray & become successful. That kind of narrow, self-serving, uncaring, dismissive attitude is harmful for both the individuals afflicted by automation & our society as a whole, because it treats us as a society of members without ties to each other.

 

It is unfathomable to me that there are Americans who believe that the common good outweighs the rights of the individual. I can think of no belief that has slaughter more humans, and cause more human tragedy and misery that this blatantly evil ide--your life is to live to serve others.

Nonsense. My life is mine, not Trump's to tax, nor my neighbors to demand that I be taxed so he can have a job. Sick. Sick. Sick. I don't exist to serve mankind, nor the welfare of others. I am not a slave.

What right does Trump have that morally justifies his taking from me that which is mine so that he can bribe the farmers for their votes? Or the steelworkers for theirs? Horribly collectivist, terribly unjust, horrendously immoral, economically tragic, and politically fascist.

 

There is no right to a job, there is no right to charity, and there is no right to compel anyone to help you, be it the government's gun by vote or by the dictates of a tyrannical despot, like Maduro, Castro, Putin, Kim, and way too many more for the well being of the human being.

The only right the individual possesses is the right to live their own life by their own effort, for their own sake, and without a gun pointed at their neighbor's head demanding tribute. And that's all these tariffs are, a tribute to Trump's nationalism at the cost of the rights of the individual. Makes one want to smack him upside the head. He thinks he's an Ayn Rand hero? He's lying to himself, badly.

A Society will rot if it requires human sacrifices; and as Venezuela and North Korea show, that's exactly what happens.

As a member of a free society, I'd rather be a Prometheus unbounded, then a Mother Teresa tending to the pus, blood, and sores of the poor and diseased, and hating them for their awful wretchedness.

 

You think China is the only place with cheap labor?

 

Of course not. Nearly every country has cheaper labor than the US which is why manufacturing will never return to the US hence this tariff war is pointless and costly to the US population