The trade war with China is over. China won.

Discussion in 'Economy' started by Vandalshandle, Jul 1, 2019.

  1. Vandalshandle
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    Vandalshandle Gold Member

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    Ok. What you are saying is that nobody in America is paying for the billions of dollars that Trump is collecting on Tariffs. Like some other guy who posted here a couple of weeks ago, you believe that tariffs don't cost us anything. Maybe because the Chinese traders have more than a 30% profit margin with which to absorb the cost of tariff's themselves. Meantime, the demand for automobiles has softened to the point of severe distress of American manufactures, and GM has declared that the cost of tariffs has cost them $1 billion and is responsible for 14,000 layoffs. Just how good is that Kool-Aid that you are drinking?

    After Losing $1 Billion to Tariffs, General Motors Announces 14,000 Layoffs
     
  2. Zorro!
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    Zorro! Gold Member

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    The article you link to points out that GM says its closing these plants because there is little demand for the Chevrolet Cruze, which is built at the Ohio plant, and an overall strategic shift towards more popular crossover and SUV models.

    Consumers aren't paying the tariffs, there is no tariff driven inflation at the consumer level. There are also no signs of inflation at the wholesale level, which leaves our foreign suppliers covering the tariffs by lowering their prices.

    China could have avoided these tariffs by agreeing to quit stealing our technology, but, they chose to go with the tariffs instead. But, Trump's still helping them find their price point, we would like them to stop stealing our technology.

    If they willing to pay 25% in tariffs to steal our intellectual property, why are we obligated to let them steal it for free?
     
  3. Vandalshandle
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    Vandalshandle Gold Member

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    "...consumers are not paying the tariff...

    Stupid can't be fixed, Zorro. "The typical household will pay $831 per year for Trump's tariffs...and will cost 194,000 jobs"

    This map shows how the trade war with China is hitting ‘Trump country’
     
    Last edited: Oct 9, 2019 at 10:55 AM
  4. Zorro!
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    Zorro! Gold Member

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    You are quoting an expectation, and one that has been falsified.
     
  5. Fort Fun Indiana
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    Fort Fun Indiana Platinum Member

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    So, the memtally ill president has gone from "trade warscare very easy to win" to licking China's butt and sending them congratulatory letters on 70 years of brutal communist rule.

    Fucking loser.
     
  6. Vandalshandle
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    Vandalshandle Gold Member

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    Actually, my source has not been "falsified" at all, Z, except in your own mind. The same thing is happening to all industries that use steel, and aluminum, while there has been no change in the production numbers of either, in this country. The retaliation against the farmers is a crushing blow. Walmart is raising prices noticeably. Manufacturers are moving more production out of the country to avoid paying the tariffs. The DOW is sinking a little more every week, and has a big drop every time the China trade talks fall apart, which is going to continue to happen, because China is not going to agree to anything while Trump is in office.
     
  7. Zorro!
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    Zorro! Gold Member

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    It most certainly has. Just as you are currently parroting, we were assured by "experts" that tariffs would lead to sharp rises in consumer inflation rates. The exact opposite has occurred.
    The DOW's up a 141 points today. It's up over 2,000 points since Trump ramped up up tariffs in mid 2018.
    If they won't agree to quit stealing from us and flooding our country with dangerous and deadly drugs, they are going to have pay increased tariffs, so far, they would rather pay the tariffs, but, Trump is helping them search for their price point.

    If they are willing to pay 25% tariffs in order to flood our streets with fentanyl and steal our intellectual property, why should Trump let them do it for free?
     
  8. Vandalshandle
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    Vandalshandle Gold Member

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    Market Watch is a not a reliable economic news site? Says who, Trump? And you actually believe anything that Trump says?Trump is suddenly a "stable economic genus" who lost $10 billion in 9 years? Tariff's aren't taxes? Most of our prescription drugs are manufactured in China, and they should stop sending drugs to us?

    Keep tilting at windmills. Z. Trump's unequaled "wisdom" is going to change the world economic order, any day now. Hell, he has already dramatically increases Brazil's agricultural GDP, at the expense of our own.
     
  9. MisterBeale
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    MisterBeale Gold Member

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  10. MisterBeale
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    MisterBeale Gold Member

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    Due Process Clause - Wikipedia
     

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