The Foreign Trade Thread

#203
#203
n_huffhines said:
Trump can wait anything out, economically. The aristocracy will be fine in both countries. The American economy will suffer and so will China's. The question is who can bear the political consequences the longest? Do you think the authoritarian Chinese government or the American government is more likely to buckle under public pressure?

This is not a left/right thing, this an economics question that has a consensus answer.
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It should be the Chinese that buckle first. But since the Democrat agenda is to obstruct and divide for party gains rather than putting America first, the US will have to deal with those pesky elections. The US's left/ride divide is China's best chance of holding out and getting a favorable deal that doesn't fix the cheating and stealing issues.
 
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#205
#205
Thunder Good-Oil said:
It should be the Chinese that buckle first. But since the Democrat agenda is to obstruct and divide for party gains rather than putting America first, the US will have to deal with those pesky elections. The US's left/ride divide is China's best chance of holding out and getting a favorable deal that doesn't fix the cheating and stealing issues.
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It's not just democrats opposing the trade war. This is not a partisan issue. 72% of Americans polled said they expect the trade war to affect their area. We haven't even seen the effects yet. Feelings are going to get even more sour once consumer prices go up
 
#206
#206
n_huffhines said:
It's not just democrats opposing the trade war. This is not a partisan issue. 72% of Americans polled said they expect the trade war to affect their area. We haven't even seen the effects yet. Feelings are going to get even more sour once consumer prices go up
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Which party is threatening to not ratify the USMCA?
 
#211
#211
Thunder Good-Oil said:
Which party is threatening to not ratify the USMCA?
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What does that have to do with our trade war with China?

99.9999999% of Americans won't notice a difference between NAFTA and the USMCA. Trump isn't going to win/lose his trade war with China because of the USMCA. If he's going to lose, it'll be because of consumer prices.
 
#213
#213
Velo Vol said:
This thread is about trade with all countries.
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But going back to NAFTA would only be a loss for Trump politically. It's not a lost trade war for America. It's essentially the same deal.

The trade wars in general are what I'm talking about. He's pointing to one aspect of it and saying that it is partisan. Sure, but that's not a representation of the big picture.
 
#214
#214
n_huffhines said:
But going back to NAFTA would only be a loss for Trump politically. It's not a lost trade war for America. It's essentially the same deal.
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If Trump were to try to revoke existing NAFTA as a way to pressure Congress to pass NAFTA 1.1, that would be a problem for all of us.
 
#215
#215
Trump and Xi at the G-20: Why bilateralism won’t work

DtWTMMdUwAA4EDe.jpg:large
 
#216
#216
Here's 41 at his best, talking about trade at a conference in 1999.

Refreshing to hear a trade speech without the claptrap on trading partners "stealing" from us.

 
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#218
#218
n_huffhines said:
What does that have to do with our trade war with China?

99.9999999% of Americans won't notice a difference between NAFTA and the USMCA. Trump isn't going to win/lose his trade war with China because of the USMCA. If he's going to lose, it'll be because of consumer prices.
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Mexico's exports to the US compete with China's.
 
#221
#221
Velo Vol said:
Trump and Xi at the G-20: Why bilateralism won’t work

DtWTMMdUwAA4EDe.jpg:large
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Bilateral agreements leverage the US's economic dominance. Multilateral agreements reverse the flow of influence. Does the rest of the free world always look to exploit the US or do they have our backs even if siding with the US in disputes has an adverse economic impact on their own economies? Do those partners care when China dumps steel and nearly drives US producers into extinction as long as they are able to sell their oil, gas, coal, and agriculture to China? Should the US just be a single vote of many or should they have more influence as the world's dominant economy?
 
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#223
#223
Thunder Good-Oil said:
Should the US just be a single vote of many or should they have more influence as the world's dominant economy?
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I'm pretty sure each country goes into negotiations looking to protect their own backs. And yes, they know the US is the biggest market.
 
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