The Foreign Trade Thread

#1,507
#1,507
Love him or hate him, I'm very pleased that we have an administration that's putting our interests first. I hope that the next POTUS continues to turn over rocks and exposing any country (or politician) that is taking advantage of the existing systems. Many of what's been happening may take years to generate benefits after some initial short term pain.

I wish all of our political leaders could learn to all pull in the same direction. Trump has disrupted many cozy arrangements and I hope that his successors don't revert back to giving away our collective wealth to benefit a few.
 
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#1,509
#1,509
Velo Vol said:
That's a nice way of saying Trump has disrupted trade and we've had no benefit to show for it.

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Good grief man, we have had these one sided trade policies for decades. It will take time to turn the ship. I am willing to give him another 6 years. Biden and Pelosi have had 50 years each for example, and the left trashes the one guy that has done nothing but try to turn things around rather than the status quo. Of course maybe it IS better to just keep doing the same old thing. Something is bound to change, right?
 
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#1,510
#1,510
Velo Vol said:
That's a nice way of saying Trump has disrupted trade and we've had no benefit to show for it.

Click to expand...


Trump is pushing for fair and equitable trade. Those that have had unfair advantages will be disrupted. Trump is just scratching the surface. We still have a lot of dry powder if trading partners fail to acknowledge how generous the US has been.
 
#1,511
#1,511
It's ignorant to see no economic benefit from telling China that enough is enough. It's ignorant to not see how evil Iran's leadership is, that sanctions will bring change, and that passively sitting back while trading "partners" circumventing sanctions diminish their effectiveness. It's ignorant to do nothing while entire industries like steel and automobile production leave the US along with those jobs. So yes, being a tough negotiator while result in a few quarters or years of lesser growth, but in the long haul the rewards will be far more significant. New production facilities don't pop up overnight. Public investments in infrastructure take years to begin paying back... but the government spending doesn't get put on the balance sheet (like the IRS loves to force businesses to do) and instead hits the bottom line right away.
 
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#1,513
#1,513
Thunder Good-Oil said:
It's ignorant to see no economic benefit from telling China that enough is enough. It's ignorant to not see how evil Iran's leadership is, that sanctions will bring change, and that passively sitting back while trading "partners" circumventing sanctions diminish their effectiveness. It's ignorant to do nothing while entire industries like steel and automobile production leave the US along with those jobs. So yes, being a tough negotiator while result in a few quarters or years of lesser growth, but in the long haul the rewards will be far more significant. New production facilities don't pop up overnight. Public investments in infrastructure take years to begin paying back... but the government spending doesn't get put on the balance sheet (like the IRS loves to force businesses to do) and instead hits the bottom line right away.
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This entire post is ignorant. Sanctions rarely work. We've not yet seen any benefit from Chinese trade war and Trump has 18 months left. I'm guessing China will just wait it out. We were manufacturing more than ever before Trump took over. Counting jobs and specific industries is an ignorant metric.
 
#1,514
#1,514
n_huffhines said:
American farmer: Trump 'took away all of our markets'
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The Wall Street Journal reported in February that farm bankruptcies in three major farm regions reached their highest level in at least 10 years. Much of this is because crop prices have been dragged down dramatically due to a decrease in consumers. Overall, U.S. farm debt soared over $409 billion in 2017, which is “the largest sum in nearly four decades and a level not seen since the 1980s,” WSJ wrote.
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#Winning

Prediction: If economic growth stays in its current range (~2%) we'll likely just keep kicking the can down the road with China. The markets are OK with that.

If growth slows, however, and a recession is threatening, then perhaps we'll see an agreement with China. But a limited one, essentially returning things back to the way they were before Trump started the trade war (China buys more stuff).

China is not going to make major concessions.
 
#1,519
#1,519
China playing all of their cards. Devaluing their currency AND boycotting US farm products.

Good thing they don't have a lot of people to feed.
 
#1,520
#1,520
I'd love to see our farmers shifting to massive production of hemp and bamboo and growing manufacturing that uses those raw materials. Big oil would disrupt that concept as much as they could.
 
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