China Trade Data hits Records that show Tariffs NOT working

Discussion in 'Current Events' started by Quadhole, Jan 14, 2019 at 6:38 AM.

  1. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    933
    Likes Received:
    301
    Trophy Points:
    63
    Gender:
    Male
    https://www.cnbc.com/2019/01/14/chi...mber-trade-exports-imports-trade-balance.html

    Forget all the riles for crating a thread, thus, not sure if this is taken down or not. Guess that should be part of everyone's post. China is WINNING, Trump is Losing...

    Someone else can post the new numbers that came out on Trump's approval rating, which is down yet again. Even with the white male who is finally catching on. High School educated that is... To Those guys, - told ya so...

    How long before Trump just QUITS like the Narcissistic baby that he is.. That is what they do when they finally hit that wall of accountability and Truth. They QUIT ! Comments like "no one appreciates all the work I do, thus, I am done TRYING to help the country"

    Once he knows for a fact he can't win again, that is when he quits.
     
    Hadrian's Hammer likes this.
  2. Pycckia

    Pycckia Well-Known Member

    Joined:
    Sep 2, 2015
    Messages:
    8,484
    Likes Received:
    1,708
    Trophy Points:
    113
    Gender:
    Male
    The trade deficit is up but imports from China are down and the lowest since 2013. The Chinese economy is slowing down significantly, in part because of the tariffs.
     
  3. Pred

    Pred Well-Known Member

    Joined:
    Oct 18, 2011
    Messages:
    14,374
    Likes Received:
    3,853
    Trophy Points:
    113
    Why doesn’t China just want simple free and equal trade? Your answer reveals the truth.
     
  4. MrTLegal

    MrTLegal Well-Known Member

    Joined:
    Feb 25, 2017
    Messages:
    19,677
    Likes Received:
    12,499
    Trophy Points:
    113
    China is definitely losing the trade war. But so are we.

    The only winners in any trade war are the countries which do not participate.
     
  5. Mrlucky

    Mrlucky Well-Known Member

    Joined:
    Feb 7, 2017
    Messages:
    2,235
    Likes Received:
    1,515
    Trophy Points:
    113
    I favor free trade over protectionism or tariffs. China's policy of stealing intellectual property and currency manipulation is the only justification. I'd give it a couple quarters more but am admittedly skeptical.
     
  6. ronv

    ronv Well-Known Member

    Joined:
    Feb 5, 2018
    Messages:
    6,431
    Likes Received:
    2,185
    Trophy Points:
    113
    Gender:
    Male
    I have a confession to make. It was my wife that caused it.
     
    Pycckia and Hadrian's Hammer like this.
  7. Mrlucky

    Mrlucky Well-Known Member

    Joined:
    Feb 7, 2017
    Messages:
    2,235
    Likes Received:
    1,515
    Trophy Points:
    113
    Deleted
     
    Last edited: Jan 14, 2019 at 8:10 AM
  8. ronv

    ronv Well-Known Member

    Joined:
    Feb 5, 2018
    Messages:
    6,431
    Likes Received:
    2,185
    Trophy Points:
    113
    Gender:
    Male
    I'm just curious.
    Does anyone remember thinking that is to expensive I'm not going to buy it and then noticing it was made in China? I can't, but then everything I pick up is made in China or S. Korea.
     
  9. Pycckia

    Pycckia Well-Known Member

    Joined:
    Sep 2, 2015
    Messages:
    8,484
    Likes Received:
    1,708
    Trophy Points:
    113
    Gender:
    Male
    The workers who are hired to manufacture the products that are no longer imported also win.
     
  10. ronv

    ronv Well-Known Member

    Joined:
    Feb 5, 2018
    Messages:
    6,431
    Likes Received:
    2,185
    Trophy Points:
    113
    Gender:
    Male
    Here comes the WW recession. Hang on to your 401K
     
  11. Pred

    Pred Well-Known Member

    Joined:
    Oct 18, 2011
    Messages:
    14,374
    Likes Received:
    3,853
    Trophy Points:
    113
    Unfortunately for us, China's workers don't have much power. The govt do literally do anything they want to them.
     
    AmericanNationalist likes this.
  12. truth and justice

    truth and justice Well-Known Member

    Joined:
    Oct 5, 2011
    Messages:
    13,000
    Likes Received:
    2,615
    Trophy Points:
    113
    "Exports to the U.S. rose 11.3 percent on-year in 2018, while imports from the U.S. to China rose 0.7 percent over the same period."
     
    Cubed likes this.
  13. AmericanNationalist

    AmericanNationalist Well-Known Member

    Joined:
    Aug 28, 2013
    Messages:
    24,117
    Likes Received:
    6,171
    Trophy Points:
    113
    Gender:
    Male
    In the short-term, we're losing. Long-term, if we stay the course? This should hopefully reinvigorate American markets to become self-sufficient for the first time in half a century, as cheap imports are lesser and lesser to come by. Fixing 50 years of selling out American infrastructure was not going to be a one or two term thing, but a philosophy agenda for the United States.

    The true test is going to come when/if we go back to being a major importer of cheap imports. If so, then the Trump years meant nothing and our economy goes back to being subservient to the Chinese and the military will not be able to hold off that reality for too much longer.
     
    MrTLegal and Mrlucky like this.
  14. ronv

    ronv Well-Known Member

    Joined:
    Feb 5, 2018
    Messages:
    6,431
    Likes Received:
    2,185
    Trophy Points:
    113
    Gender:
    Male
    First we have to stop. :)
     
  15. Mrlucky

    Mrlucky Well-Known Member

    Joined:
    Feb 7, 2017
    Messages:
    2,235
    Likes Received:
    1,515
    Trophy Points:
    113
    We will continue to buy low even if we get screwed. It's our nature. The players may change though. Brazil, Viet Nam and India may get a larger piece. Mexico could also benefit if the trade deal with them gets ratified.
     
  16. AmericanNationalist

    AmericanNationalist Well-Known Member

    Joined:
    Aug 28, 2013
    Messages:
    24,117
    Likes Received:
    6,171
    Trophy Points:
    113
    Gender:
    Male
    Would I have used tariffs to address this issue? Not really, because as noted: The pain to our consumer base and thus to the economy in the short term. For all the talks about our gains, if we were without the tariff war and more political confidence in Washington, I think we could've done more.

    That's my biggest regret so far about the Trump Presidency: We could have done more.

    I do think we should've gone through the WTO and made a power play: Either remove China from the WTO, or to more strictly enforce the rules so that the rules are indeed 'fair and balanced'. The WTO is probably as substantial as the NAFTA issues were, and both could've been combined into a single item objective so as to give a olive branch to the EU/Canada side.

    I do think that rather than tariffs, we should've encouraged American businesses to seek imports elsewhere, and government-oriented action elsewhere(IE: Reducing our dependence on the Chinese, but without the financial sticker shock.) If the Chinese retaliated, it would've been financial aggression on their part.
     
    Cubed, MrTLegal and ronv like this.
  17. TCassa89

    TCassa89 Well-Known Member

    Joined:
    Oct 27, 2013
    Messages:
    5,683
    Likes Received:
    1,005
    Trophy Points:
    113
    Free trade isn't about equal trade. If I want to buy some items on amazon.com, the government does not dictate to me how much or how little I need to buy from them, or whether or not amazon must buy something from me in return. I as a consumer I am free to make the decision on my own of how much I choose to buy from which companies. Free trade is this same basic principle, but on an international level

    That's about what raising tariffs is good for, which is exactly why economists generally do not advocate for raising tariffs.
     
    AKS and Mrlucky like this.
  18. MrTLegal

    MrTLegal Well-Known Member

    Joined:
    Feb 25, 2017
    Messages:
    19,677
    Likes Received:
    12,499
    Trophy Points:
    113
    Sure. There are some winners in a trade war. There are just many, many more losers.
     
  19. MrTLegal

    MrTLegal Well-Known Member

    Joined:
    Feb 25, 2017
    Messages:
    19,677
    Likes Received:
    12,499
    Trophy Points:
    113
    One of the many reasons why America is terrible at trade wars.
     
  20. Pred

    Pred Well-Known Member

    Joined:
    Oct 18, 2011
    Messages:
    14,374
    Likes Received:
    3,853
    Trophy Points:
    113
    At a terrible disadvantage with countries that are living in a different century when it comes to human rights;)
     

Share This Page