The Foreign Trade Thread

#801
#801
lawgator1 said:
No one is saying there should not be trade reform. But how you go about it matters.

And lol, at the idiotic line -- spouted by Trump himself earlier today -- that there have been tariffs in place for some time. Of course there have -- but not 10 then 25 percent. And not escalating like this. Really kind of a dumbass thing to say.
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It’s always been an unfair advantage to us, it was like 10% to our 4%
 
#804
#804
Velo Vol said:
Buy American.
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FLVOL69 said:
Possibly your best post ever
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No, what happens is that US manufacturers buy products from other countries at slightly higher prices, then hike the price of the finished product in the US. Example, and this is real, bicycle gears. Manufacturers of the finished product buy a lot of those from China. Because they are cheaper than Germany.

Boom, with tariffs, German companies are suddenly more competitive. US manufacturers buy from them. Then, to offset their new cost, they increase the prices here. Its not the full amount of the tariff (though it can be). Its often a percentage reflecting the cost from the new supplier.

Trump Wants to Make Your Bike More Expensive

Treated as a zero sum game, the winner is the German company. The losers are the Chinese, the US manufacturer, and the US consumer. The hope is that in the long term the Chinese agree to broader more favorable terms. Not impossible, but history does not typically reflect that the trade war was worth the cost.
 
#805
#805
lawgator1 said:
No, what happens is that US manufacturers buy products from other countries at slightly higher prices, then hike the price of the finished product in the US. Example, and this is real, bicycle gears. Manufacturers of the finished product buy a lot of those from China. Because they are cheaper than Germany.

Boom, with tariffs, German companies are suddenly more competitive. US manufacturers buy from them. Then, to offset their new cost, they increase the prices here. Its not the full amount of the tariff (though it can be). Its often a percentage reflecting the cost from the new supplier.

Trump Wants to Make Your Bike More Expensive

Treated as a zero sum game, the winner is the German company. The losers are the Chinese, the US manufacturer, and the US consumer. The hope is that in the long term the Chinese agree to broader more favorable terms. Not impossible, but history does not typically reflect that the trade war was worth the cost.
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Look Sparky we can’t continue to run a 500 billion dollar deficit to China. I’d much rather pay a little more for quality as opposed to some cheap ass Chinese produced garbage. It appears to me this is a great opportunity for companies to come home and manufacture or go to a friendlier country. Intellectual theft is a huge issue as well we can’t afford to capitulate to these cork suckers any longer. We purchase around 600 billion with of goods as opposed to their 100 billion with huge tariffs to boot. If you owe the bank a million dollars and default who’s in worse shape? I’ve read numerous articles that the Chinese are worried to death about Trump and I for one support the tariffs. Like I said they’re nothing new..
 
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#806
#806
lawgator1 said:
No one is saying there should not be trade reform. But how you go about it matters.

And lol, at the idiotic line -- spouted by Trump himself earlier today -- that there have been tariffs in place for some time. Of course there have -- but not 10 then 25 percent. And not escalating like this. Really kind of a dumbass thing to say.
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Yeah, the carrot worked so well since 1972. Time to try the stick. You're scared.
 
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#821
#821
FLVOL69 said:
What do you have against manufacturing coming back to the United States? Do you prefer Italy big Gucci ?
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It’s kind of like gun control. If it was realistic I would be for it but it’s not. USA mfg is and has been dead. Tariffs won’t make it come back. Only clueless people would think that.
 
#822
#822
Big Gucci Sosa said:
It’s kind of like gun control. If it was realistic I would be for it but it’s not. USA mfg is and has been dead. Tariffs won’t make it come back. Only clueless people would think that.
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How many mfg jobs have already come back in two years ? Everybody wants to ****ing manufacture in this country, you keep the ****ing corporate tax rate low and they’ll stay you raise taxes they leave it’s as simple as that, I’m not saying we’re going to return to the golden era of mfg however China is no friend of ours. Vietnam, Mexico ect are far better options. Your cynicism is duly noted but Mfg is already coming back without tariffs.We sumply cannot sustain a 500 billion deficit with the Chinese every year.
 
#824
#824
FLVOL69 said:
How many mfg jobs have already come back in two years ? Everybody wants to ****ing manufacture in this country, you keep the ****ing corporate tax rate low and they’ll stay you raise taxes they leave it’s as simple as that, I’m not saying we’re going to return to the golden era of mfg however China is no friend of ours. Vietnam, Mexico ect are far better options. Your cynicism is duly noted but Mfg is already coming back without tariffs.We sumply cannot sustain a 500 billion deficit with the Chinese every year.
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We'll lose more jobs than we gain. It's already happened in solar.

A report from the U.S. Department of Energy at the time showed that solar energy was responsible for a much larger share of employment in the electric power sector (43%) than the whole of the fossil fuel industry combined (22%). With such robust numbers, it seemed as though solar energy, and renewables more broadly, were about to revolutionize the energy sector in the United States and lead the push towards cleaner energy and lower carbon emissions.

However, solar energy jobs have stagnated and dipped for two consecutive years since the Department of Energy’s initial report, with a loss of 10,000 jobs in 2017 followed by a further 8,000 in 2018.
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Stop fiddling with it. Average Americans choosing what's best for them are better at directing this economy than Trump's socialist policies.

Under Trump's Tariffs, The US Lost 20,000 Solar Energy Jobs
 
#825
#825
n_huffhines said:
Why? Why do you oppose freedom and progress? Let the market sort it out and let people control their own lives instead of relying on the nanny state to decide what's best.
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Because I want what’s best for my country and my children and their children and so on and so on. How is the desire for manufacturing to be done here in our country opposing freedom? I’m all for free market economics. Keep the taxes low and they’ll stay here. I don’t want sub standard steel and electronic components manufactured in a country that doesn’t have our best interest at heart. That kind of of **** will come back to bite us in the ass.
 
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