xenon
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1:35 AM - Jul 12, 2018 #161

And I have no doubt that the US may win some short term concessions here.

They won't move the needle in terms of aggregate national GDP - and we'll have less of a values-based argument to make to developing countries as we try to open up their markets.

We're giving credence to the idea of protectionism now (which has been pretty thoroughly discredited) - instead of dismantling it.
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Copper
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2:03 AM - Jul 12, 2018 #162


Whether it is protectionism or fairness depends on whether you win or lose.

Reporting on whether it is protectionism or fairness depends on whether you support democrats or republicans.

I know you love to talk about the wisdom of the long term solution and somehow the genius long term solution always seems to be the opposite of whatever Mr. Trump does.

It's getting kind of predictable.

Mr. Trump and his advisers are a fairly clever group with a significant amount of experience with everything. And they have the fortunes to back that up.

It's just not possible that everything they do is naive and stupid.

The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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Larry
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2:28 AM - Jul 12, 2018 #163

Xenon, I sure am glad you're not in charge of anything.
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xenon
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5:52 AM - Jul 12, 2018 #164

Glad you're happy
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Klaus
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7:04 AM - Jul 12, 2018 #165

Mikhailoh wrote:Really? You think that European tariffs on American cars being four times what we charge on European cars is just fine?
But you cannot just pick one particular example when you compare tariffs.

For instance, the US charges 25% tariffs on imported light trucks, compared to Europe's 10%.

You have to compare the overall average tariffs. It is true that the average is a little higher for imports to the EU than for imports to the US (I think it's something like 5% vs 3%), and it is reasonable to demand that this is more equal. However, picking examples where it is particularly asymmetric isn't helpful because there's always a counterexample where it is the other way around.

However, I fear that Trump's behaviour leads to higher tariffs everywhere. It would be better for everyone if we'd agree on making them lower everywhere.

Also, Trump seems to have a very strange way of viewing trade. He seems to think: Trade deficit = looser/unfair, trade surplus = winner. I think that's nonsense to a large degree. Even if a country would slash 5000% tariffs on everything, it can still be in the interest of another country to allow imports of their products with low or no tariffs. It is not the country which exports stuff which pays those tariffs. And trade deficits are not necessarily due to unfair conditions. It could just be that the other country makes particularly attractive products.
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11:54 AM - Jul 12, 2018 #166

Nice analysis, but the example I quoted still holds the same point your piece does. Disproportionate tariffs, ergo a condition that should be remedied.

BUT...mine will never get a tl;dr. :lol2:
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Copper
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1:46 PM - Jul 12, 2018 #167

Klaus wrote: It could just be that the other country makes particularly attractive products.
I think that doesn't get enough attention in this debate.

Our ability to manufacture has really diminished. It would be nice to build this back up a little bit.

Of course we still want to take advantage of slave labor and human rights abuses in the cheap labor countries but that is not going to continue forever.
The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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Axtremus
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1:54 PM - Jul 20, 2018 #168

More tariff!

Trump says he's ready to extend tariffs to all $505B worth of Chinese imports:

https://www.bbc.com/news/business-44898629

Trump's interview on CNBC: https://www.cnbc.com/2018/07/19/trump-s ... nese-.html
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Jolly
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2:29 PM - Jul 20, 2018 #169

Yep.

And it's gonna hurt them more than us. In the long run, I think we'll be having some serious talks, especially about stealing corporate secrets and patent infringement.
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Larry
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2:30 PM - Jul 20, 2018 #170

Good. We shouldn't buy a thing from China.
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Axtremus
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2:49 PM - Jul 20, 2018 #171

Larry wrote:We shouldn't buy a thing from China.
What do you think about this idea: Just ban all imports of Chinese made products. Don't bother with tariff or other indirect, complicated regulations. Just impose this one simple rule that says no Chinese-made product can be brought or transported into any US territories, period.

How do you like that idea?
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Larry
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2:50 PM - Jul 20, 2018 #172

I like it a lot.

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Axtremus
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2:56 PM - Jul 20, 2018 #173

See, I understand Larry. :D
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Larry
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3:04 PM - Jul 20, 2018 #174

But you don't understand my reasoning behind it, so you really don't understand mea at all.
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Copper
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3:12 PM - Jul 20, 2018 #175

Axtremus wrote: Trump says he's ready to extend tariffs to all $505B worth of Chinese imports:
Finally.

Let's just stop giving it all away.


The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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John Galt
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10:42 PM - Jul 20, 2018 #176

PSA: The ignore function works on the new platform.
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Jolly
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11:13 PM - Jul 20, 2018 #177

The main obstacle to a stable and just world order is the United States.- George Soros
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Axtremus
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4:30 AM - Aug 02, 2018 #178

Higher tariffs:

Trump considers 25 percent tariff on $200B of Chinese goods
https://www.politico.com/story/2018/08/ ... na-1715000
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Jolly
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5:00 AM - Aug 02, 2018 #179

Axtremus wrote:Higher tariffs:

Trump considers 25 percent tariff on $200B of Chinese goods
https://www.politico.com/story/2018/08/ ... na-1715000
MAGA.
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Copper
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1:14 PM - Aug 02, 2018 #180

Axtremus wrote:Higher tariffs:

Trump considers 25 percent tariff on $200B of Chinese goods
https://www.politico.com/story/2018/08/ ... na-1715000
Win

The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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