If China doesn't agree to fair trade, what should Trump do?

Discussion in 'Economics & Trade' started by KJohnson, Aug 5, 2018.

?

Should Trump phase out dealing with China altogether and get those items elsewhere?

  1. Yes because we can't have them constantly stealing our intellectual property

  2. No it doesn't matter if they don't trade fairly and steal from us..we need them regardless

  3. I think Trump should wait Xi out no matter how long it takes

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  1. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    The items China tariffed will sell better in their country when they come to an agreement.

    We sell different products to them than they sell to us.

    No that's funny, the mean GDP only grew during Obama's 8 year administration at 1.8%.

    The EU caved on the tariffs and cut a deal with the Trump administration, why wouldn't China? Especially since we could easily move our manufacturing from China to Vietnam od African countries.
     
    Last edited: Oct 30, 2018
  2. Reiver

    Reiver Well-Known Member

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    The concessions made by the EU were illusionary (either meaningless or changes already agreed). The only debate is who knows least: Trump thinking he achieved something, or the nationalists who ignorantly believe tariffs generate trade liberalisation.
     
  3. james M

    james M Banned

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    higher wages, obviously!!!
     
  4. james M

    james M Banned

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    nobody said they generate free trade just that they give China a choice between free trade or tariffs. Now do you have it clearly? If the world would join us the world could enjoy free trade with China. Still, liberal budget deficits have to go since they drive up price of dollar making Chinese goods cheaper, and give China a way to store their dollars without buying stuff in America.
     
  5. james M

    james M Banned

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    right! a immediate descent into 3rd rate status and poverty. Ever hear of East/West Germany!
     
  6. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Provide a link to as reliable news source please.
     
  7. james M

    james M Banned

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    pretty hard to move from China but if EU and USA got together with same tariffs on China they have to respond. Don't know why Trump didn't do that.
     
  8. OldManOnFire

    OldManOnFire Well-Known Member

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    Most of the stuff Chinese companies sell into the US will never be manufactured in the US.

    No matter tariffs, it will be difficult for the US to greatly increase exports on existing products due to market competition.

    Not going to talk about Obama...the economy has been steadily rebounding since the 2008 recession.

    Manufacturing in foreign nations IS NOT, or IS NEVER, easy to relocate!
     
  9. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    You must not have read my post.
     
  10. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Stealing our intellectual property is a matter of existing international law.

    WIPO (World International Property Organization) manages international patent property rights. This is where international court cases are settled.

    Why American companies have not taken China to court there is bewildering, because China is a member of WIPO.

    There are two aspects of international protection, the foremost being patents but also trademarks and copyrights*. Both are limitless for as long as the ownership is renewed according to the legal stipulations in place.

    The problem lies with China that does not seem to want to pursue companies or persons who are illicitly selling goods with trademarks that they do not own.

    *A copyright is a bundle of rights granted to authors of creative works such as books, websites, computer software, music, architecture, paintings and many other creative works. A copyright owner has the exclusive right to copy and sell the work and additionally has the right to perform it and make variations on it.
     
  11. ibobbrob

    ibobbrob Well-Known Member

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    No, we would only be hurting ourselves with higher prices for the working middle class due to the lack of competition. My view is that Trump should exchange his threatening, bullying tactics for a more pragmatic approach to negotiations. Leaders of other countries do not respond well to bullying as it leaves a bad taste that may come back to bite us even if successful.The stealing of our intellectual property is of great concern and also needs to be addressed.
     
  12. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Then I will.

    A bit of America's real political/economic recent history:
    *Obama upon entering office in 2008 passed (with a Dem HofR) the ARRA-bill that was close to $800M in stimulus-spending..
    *ARRA stopped dead the Employment-to-population ratio (EPR) that was falling drastically in the period 2008/2010. (See Bureau of Labor Data here.)
    *But the HofR had changed hands in 2010 and came under Replicant control after the midterms. (The turnout vote for that election was one of the worst in recent American history. So, boyz-'n-girlz; let's not blame the politicians!)
    *And we, the sheeple, paid the price in job-creation stagnation due to Replicant control of the HofR by an EPR that remained constant at 58.5% for four longgggg years. The Congressional Replicants refused all further stimulus-spending.
    *The high unemployment finally crested in early 2010 and started its long-but-slow run downward under a Democrat PotUS (see that figure here) because no further stimulus-spending was passed by Congress.
    *In 2014 (still with an Obama Presidency), American consumers finally got fed-up and started spending once again.
    *It was THEN that hirings started to diminish unemployment, a factor that was supposed to favor a Democrat candidate to obtain the presidency.
    *But no. Though a Dem-candidate DID WIN THE POPULAR VOTE, the Electoral College wrongly elected Donald Dork.
    *Who tries still to take the credit for the low-unemployment under his reign as PotUS.

    Duhhhhhhhhhh ...
     
    Last edited: Nov 2, 2018
  13. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    The options are plentiful and of a global order.

    The international agency that is equipped to pursue China (which is a member) is called WIPO. For, World Intellectual Property Organization. Or perhaps just copyright laws for artists.

    If it can protect the Michael Jackson's family selling his songs around the world, it can protect any advantages a country may have in technical innovation ...
     
  14. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Or the Americans who foolishly buy Cheap Chinese products, not having realized the prime-reason why those products are no longer produced in America?

    Or the fact that, given modern production techniques applying Artificial Intelligence, it is entirely possible that some product-manufacturing will be returning to the US? Or Europe?

    This issue is not yet settled, and I suspect the US is going to go a longgggg way in recuperating some production that left the US because of higher manpower costs ...
     
    Last edited: Nov 2, 2018
  15. jay runner

    jay runner Banned

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    Elect republicans. That's the best possible way to get more US citizens working and less people sucking the government teat, and to cut spending for an additional force to reduce the debt, plus, have controlled borders. These are the best policies in the last 70 years. Vote for these policies.

    Don't vote to become like the three stooges of socialism: Cuba, Venezuela, and Nicaragua.

    You'll hate it real soon.
     
  16. Reiver

    Reiver Well-Known Member

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    Here's a diplomatic piece: https://euobserver.com/foreign/142475

    The FT tweet was less so: "Some of the deal can easily be achieved as they are meaningless - the soybean and LNG parts, which the EU is already doing. If Trump continues to believe these are concessions he is v gullible indeed, and hats off to the Commission for fooling him. Let's no-one tell him, eh".
     
  17. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Raw Whois Data
    Domain Name: euobserver.com

    Registry Registrant ID: REDACTED FOR PRIVACY
    Registrant Name: REDACTED FOR PRIVACY

    https://www.whois.com/whois/euobserver.com


    The effort to save face by the EU has now spread to their kook blogs. You should have read the whole thing.

    "The Trump-Juncker meeting has yielded no commitment from the US to abolish the illegal tariffs on steel and aluminum," Bernd Lange, the chairman of the European Parliament international trade committee, said in a statement.

    Noting that that the threat of tariffs on cars remained, he added that "this is not a good basis for negotiations".


    It's a very good basis for negotiations for the US but not the EU. There were about 1.35 million German cars sold in the US in 2017. That's powerful leverage.
     
  18. Reiver

    Reiver Well-Known Member

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    I can only try and educate. As mentioned, there's only one issue for debate. Is Trump gullible or, which might be more likely, does he think his supporters are?
     
  19. grapeape

    grapeape Well-Known Member Past Donor

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    They may get some back. I would welcome that. But for the most part, American workers cannot compete against third world countries who pay pennies per day
     
  20. Reiver

    Reiver Well-Known Member

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    Compete? If a country is trying to compete over wages then they've lost the plot. You compete with productivity. That actually leads to higher wage (e.g. upskilling investments)
     
  21. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Blah, blah, blah.

    You'd do better on a Hate Message Board ...
     
  22. Reiver

    Reiver Well-Known Member

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    There's irony in this post! Fake social democracy hates most things. Rational comment, inconsistent with their insistence of monism, is deemed bobbins and akin to Trotskyism
     
  23. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Pennies a day are paid for rudimentary work in the Far East. We are well beyond that in developed countries.

    But to think that the product-line of 20/30 years ago will do today is not on either. Far too expensive.

    Meaning, given the salary-levels of today, those products are now too expensive. So, only the Far East can produce those basic products at really inexpensive prices. A great many of the Japanese cars are designed in Japan but made in India!

    Which is why I keep saying, "We must move on and upwards. By providing postsecondary education (to those who want to take the necessary courses) free, gratis and for nothing.

    JUST AS WE DO FOR HIGH SCHOOL TODAY SINCE A CENTURY ... !

    PS: The smart car producers in Europe have long since moved car production of their cheaper models to the North Africa or Spain. And the US will continue to do the same with Mexico.
     
  24. grapeape

    grapeape Well-Known Member Past Donor

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    If a company can get labor at 10cents on the dollar for what they pay american workers, they will go with the cheaper labor. Productivity plays no role in that equation.
     
  25. grapeape

    grapeape Well-Known Member Past Donor

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    I agree COMPLETELY with your assessment on providing post secondary education. That has to be fixed or America will continue to decline.
     
    LafayetteBis likes this.

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