Trade Wars and Tariffs

#128
#128
volbound1700 said:
Good post but there is even more to it.

Even the Keynesian/Austrian thought was more centric towards there society and, if you study theories behind it, wasn't designed for all situations. Cost-cutting by companies has caused this (the Walmart effect). They wanted to cut costs to increase profit and so went to "low cost" countries. This has happened globally. Well no manufacturing in higher cost countries collapsed and you had layoffs. Well if people are not employed and not making $$$, they stop spending and stop buying your products in effect creating a vicious cycle for more cost cutting. Meanwhile, entire industries are now being monopolized in China and other low-cost countries.

I think about the 1950s and even times before that was that businesses focused on high pay of employees and hiring a lot of employees which create significantly more spending in the market. We all won.

Honestly, if rich people would start investing and buying more, the economy probably flips. USA will NEVER be as good as 1950s/1960 boon though because that was partly based off USA being one of the few manufacturing societies still intact after WW2.
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I'm assuming the grave accent between Keynesian/Austrian is not to confer similarity.

Yes, I think there are some things we don't need to be in the business of producing but some produce (literally) such as an agricultural base are essential to security. Pharmaceuticals are another. Immigrants have historically played a sizable role in agriculture, hospitality, construction, etc. but a lot of that has been exacerbated by the colossal expansion of welfare/subsidy of able-bodied people we lack the willpower and creative thought to move off the rolls.

I think until we economically empower the citizen to determine their amount of taxation by their consumption - and reduction of the federal encumbrance upon them - we have no basis for the larger conversation of changing the world order in which we are corporatist subjects with the smiling approval of elected rulers.
 
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#133
#133
gcbvol said:
Its a great thing. Sounds like the US agreed to stop the flow of assault weapons into Mexico, so they can claim a win, too. It's how negotiations work.
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That's why I'm tuning out hyperventilating analysts and experts. Trump told these countries we want fast action but I think they expected - as the analysts/experts did - this would be some slothful negotiating process spanning months. Everyone knows now that's not the case.
 
#136
#136
NCFisher said:
That's why I'm tuning out hyperventilating analysts and experts. Trump told these countries we want fast action but I think they expected - as the analysts/experts did - this would be some slothful negotiating process spanning months. Everyone knows now that's not the case.
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Yeah, I have a feeling Canada will be resolved pretty quickly, too. Mexico is the meaningful one anyway.
 
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#148
#148
DinkinFlicka said:
Carl, take a break from VN today and go read about what analysts have to say about how these tariffs are going to affect US consumers.
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The media reports on what "could happen" when it comes to Trump. But they refused to report on what was actually happening under Biden. That should be enough to wake people up but it isn't unfortunately.
 
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#149
#149
n_huffhines said:
Not that we're gonna go to actual war with Canada or Mexico, but I think people forget that trade makes us friendlier and trading partners friendlier for self-interested reasons. Wanna ensure no war with China? Openly trade with China.

“When goods don’t cross borders, soldiers will" - Bastiat

I thought the USMCA was the greatest trade deal of all time? Is Trump admitting it was a colossal failure by throwing it out the window 5 short years later?

Trump is a fkn joke and he thinks the economy is a toy to be played with.
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Free trade with China has greatly increased the capabilities of one of our biggest foreign adversaries.

I agree free trade economically is always the right answer. But reality involves more than one variable. Economic interests are of great importance, but not the sole interest of our nation.
 
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