Slump in China's Yuan will offset US tariffs

Yeah, none of that remotely addresses what I said.

 

What do we have to show for it?

Not only have they made not one single concession, but they have retaliated very strategically.

Make it worth their while to invest in the US, the way we got the Japanese to back in the 1980's. That was the beginning of the industrial boom that spread across the New South.

 

If they sell goods here that are tariffed, they are sending the duties to the US treasury. You seem fine with Americans paying lots of taxes, but you are all butt-hurt that now the Chinese are? The Federal Government's operating expenses aren't going to pay themselves, you know!

 

You don't seem to know what a tariff is or who pays them.

 

I most certainly do, it's an external tax paid by the importer.

 

I agree that quislings in this country conspired with or at least turned a blind eye to chinese am itions

But trump isnot going along with the plot

 

China did not get where they are overnight and we wont turn the situation around instantly either

 

Trade deficit up 10%. Winning.

 

I'm curious, what do you think was those politicians ambitions? This wasn't some secret plot by a few, this was a sustained policy to deindustrialize and liberalize the economy and liberalize and industrialize foreign markets in order to develop the world. I don't agree it was the right way to do things, but you make it seem like some nefarious plot to screw over people like you. Do we not care about China at all? Do 1.5 billion people matter? I think China is dangerous and potentially our biggest foe, but that we need to build a better relationship for the sake of the stability of the world. What Trump is doing is putting us more on adversarial footing, which is not so much of a bad thing for Xi Jinping who is wanting to transition China to a consumer led economy by 2029 and be their own America that exports production and uses trade to create a massive consumer based economy. Whether that will be achieved is one thing, but their influence in the world is increasingly being juxtaposed to our own, and that needs to be addressed through robust diplomacy, not strong man posturing and trade wars.

 

And the importer is... ha ha . You won't answer that honestly.

 

If the nation under Tariff wants to keep its market share it has to compress its margins in order to pay the taxes, Silly!

 

Answer the question. Who pays the tariff?

 

If the Chinese don't compress their margin in order to preserve market share, no one.

 

We can not enforce your idealistic perspectives on the world to make it more fair for the regulations imposed here.

 

I'm aware of smaller businesses who is about to go dead due to the tariff issue. You can feel free to cheer on Trump until it starts to impact your livelihood.

 

The reason Walmart can outsell its competitors is not because they have greeters at the door and cool cart collection devices. They succeed due to leverage. They can buy more, and thus buy it cheaper. If a manufacturer doesn't accept their lower price point, they simply find another supplier.

The United States is the largest consumer in the world. We have leverage.

 

Large corporations and businesses will pass the cost on to consumers. It's the small businesses who will be dead because they don't have cash on hand to deal with the situation. I'm glad you are happy about their impending death.

 

Sure it does.

You want a free and open global market, all while ignoring the fact that the global economy is not free nor open.

 

Not if makes the goods more expensive than domestic products.

 

When was the last time an American car are made from 100% American parts?
When was the last time a computer were made by parts made in America?
When was the last time a cell phone were made by parts made in America?
What about shoes, etc.

Domestic products are far and few in between because America haven't been a producer for years, but you seem to think that we can become that again overnight. Note it isn't just the Donkeys that are to blame, but the dumb Elephants are complicit as well. I note you did not address the fact that small business who survive already on tiny margins will be the one's who suffer the most. I've already heard grumbling from quite a few.

 

Small businesses seem to be doing fine. Perhaps those relying on Chinese imports should start buying American, Mexican or Canadian. https://thehill.com/opinion/finance/393803-trump-boom-ignites-small-business

 

I was unclear in my last post

The ambitions I referred to were china’s desire to be the dominent world power and the number one economy

Americans who went along with the globalist movement had various motivations - some noble and some very selfish

There are globalists who are do-gooders and globalists who were merely selling out to china for personal or political gain

You ask if we care about china and some people do

Those Americans believe in helping and sharing even if comes at their own countries expense

But a better question is do the chinese dictators in beijing care about Americans?

And the answer is a resounding NO!

They dont even care about their own people and care even less about non-chinese

 

. . . I don't think you understand what you just said. If we make the goods more expensive than domestic goods, the costs to producers still rises. They are paying more money to do business now. They will still, on the whole, forward that costs onto end consumers.

 

No, it doesn't. I'm not arguing that market anarchy exists. No one is arguing that. I'm arguing that we shouldn't raise costs on our own businesses and make the market even less free than it was before.

 

Debt will come down as our economy booms and tax revenue increases