The Foreign Trade Thread

[Thunder Good-Oil]

You said:



Which defies the concept of comparative advantage. I asked what new field of economics is disputing comparative advantage.

You then said:



Which is almost an exact quote from a Trump adviser
“Navarro shot back at GM on Saturday in an interview on CNN, saying the auto company was using "smoke and mirrors" to deceive the public” and what does Hillary Clinton have to do with it?

Contrarily from Forbes:

“GM Cuts Jobs And Plants To Deal With Changing Tastes And Trump Tariffs. GM is closing five plants and thousands of workers to cope with declining industry auto sales, higher costs from Trump tariffs and diminishing interest in sedans like this Buick LaCrosse.”

GM Cuts Jobs And Plants To Deal With Changing Tastes And Trump Tariffs

You then stated it was about “fair trade”. You are the one changing the narrative when it suits your defense of Trump.



I’m sure the steel manufacturers find the tariffs “fair”. Car manufacturers and consumers, not so much. “ Fair trade” is a bs crony catch phrase used by those in an attempt to legislate their economic preferences.

GM/Chinese cars dumped in the US should be taxed like a mofo. They're criminals. Punishing them for their tactics isn't economic theory. It's not bending over and taking their **** any more.

 

[Thunder Good-Oil]

Also, don't ignore that the counter to China's 40% tariff is a 27.5% tariff. Is reducing the 27.5% going to help with the overall imbalance?

 

[midnight orange]

GM/Chinese cars dumped in the US should be taxed like a mofo.

Assumes facts not in evidence.

They're criminals. Punishing them for their tactics isn't economic theory. It's not bending over and taking their **** any more.

I know we have laws against theft. We should now have laws against getting a product at a cheaper price because getting something cheaper is “bending over and taking it”.

 

[midnight orange]

Also, don't ignore that the counter to China's 40% tariff is a 27.5% tariff. Is reducing the 27.5% going to help with the overall imbalance?

Since the Chinese govt is kicking their citizens in the shins with tariffs, our government should kick us in the shins in retaliation. What imbalance do you speak of?

 

[Velo Vol]

There's your carrot. Those Canadian tariffs incentivize the individual provinces of that confederation to not use their vetos to knock the agreement off course.

Canadian parliament does not vote by province. It's like the US House.

 

[Velo Vol]

The bailouts were terrible policy, GM and Chrysler should have been allowed to go through bankruptcy. They would be much stronger companies today if they had.

Not a lot of difference between the government giving a company money and the government taxing that company's competition so it can charge more.

 

[Velo Vol]

Since the Chinese govt is kicking their citizens in the shins with tariffs, our government should kick us in the shins in retaliation.

But we'll like it because the pain is making us great.

 

[hog88]

Not a lot of difference between the government giving a company money and the government taxing that company's competition so it can charge more.

There is a tremendous difference in the bailouts and taxes. They're not even comparable. I'd suggest that you research them.

 

[Velo Vol]

Editorial: Trump shares blame for GM's cutback

 

[Thunder Good-Oil]

Since the Chinese govt is kicking their citizens in the shins with tariffs, our government should kick us in the shins in retaliation. What imbalance do you speak of?

Maybe you've missed that China exports 4x as many goods to the US than they import.

 

[midnight orange]

Maybe you've missed that China exports 4x as many goods to the US than they import.

They send us goods, we send them paper. O’ the horror.

 

[SpaceCoastVol]

Since the Chinese govt is kicking their citizens in the shins with tariffs, our government should kick us in the shins in retaliation. What imbalance do you speak of?

The entire Chinese economy is a sham. They are the ultimate in haves vs have nots.

 

[SpaceCoastVol]

They send us goods, we send them paper. O’ the horror.

Not very socialistic for a socialist

 

[Thunder Good-Oil]

Assumes facts not in evidence.



I know we have laws against theft. We should now have laws against getting a product at a cheaper price because getting something cheaper is “bending over and taking it”.

The Chinese have been stealing our IP and tech without repercussions. Until Trump. How many licensed copies of Microsoft operating systems do you think they've paid for? It's something like 10%.

 

[Thunder Good-Oil]

Canadian parliament does not vote by province. It's like the US House.

Any one of the provinces can veto the trade agreement that Trump's administration has negotiated. It's not like the US House.

 

[midnight orange]

The entire Chinese economy is a sham. They are the ultimate in haves vs have nots.

I don’t disagree. I occasionally take the train between Guangzhou and Hong Kong. It’s amazing how many areas there are with groups of buildings that compromise the size of downtown Atlanta that are empty and/ or rundown.

 

[midnight orange]

Not very socialistic for a socialist

If you’re referring to me I’m on the total opposite spectrum from socialist. I would challenge you to find one socialist position I’ve ever taken.

 

[Thunder Good-Oil]

Editorial: Trump shares blame for GM's cutback

Maybe GM should figure out how Toyota, Hyundai, Mercedes, and BMW are managing to build them here.

Also, the last paragraph. Which is it? The new agreements are no different than NAFTA or are they oppressive to car manufacturing in US factories?

 

[NorthDallas40]

Editorial: Trump shares blame for GM's cutback

I am finding it very difficult to feel sorry for a business segment that was completely spared a well deserved death for incompetence a decade ago and then two years after setting record profits is crying and pining away about “headwinds”.

Lehman Bros is speaking thru a clairvoyant from the grave. They say hello.

 

[Velo Vol]

They send us goods, we send them paper. O’ the horror.

It happens every day and stores and no one calls it stealing. Weird.

 

[midnight orange]

The Chinese have been stealing our IP and tech without repercussions. Until Trump. How many licensed copies of Microsoft operating systems of you think they've paid for? It's something like 10%.

Until Trump? Go to the Science and Technology center in Shanghai and you will see that the counterfeit trade market is alive and thriving.
We’re not debating that it’s ok to steal intellectual property, we’re debating tariffs. You’re changing the narrative again.

 

[Thunder Good-Oil]

Until Trump? Go to the Science and Technology center in Shanghai and you will see that the counterfeit trade market is alive and thriving.
We’re not debating that it’s ok to steal intellectual property, we’re debating tariffs. You’re changing the narrative again.

"Until Trump" fighting back.

 

[SpaceCoastVol]

Until Trump? Go to the Science and Technology center in Shanghai and you will see that the counterfeit trade market is alive and thriving.
We’re not debating that it’s ok to steal intellectual property, we’re debating tariffs. You’re changing the narrative again.

Isn't the purpose of the tariffs to induce economic pain to bring the Chinese to the table to stop the theft? I know it is like sweeping back the ocean, but is not that the intent?

 

[SpaceCoastVol]

It happens every day and stores and no one calls it stealing. Weird.

Totally the same thing.

 

[midnight orange]

[VIDEO=] [/VIDEO]

"Until Trump" fighting back.

By kicking U.S. citizens in the shins.