Trade Wars and Tariffs

#155
#155
Seems the tariffs threats against Mexico and Columbia have already had a positive impact in terms of border security without any real economic impact given they were never truly implemented.

Are the anti tariff people in this thread willing to admit that?
 
#157
#157
Vol8188 said:
Seems the tariffs threats against Mexico and Columbia have already had a positive impact in terms of border security without any real economic impact given they were never truly implemented.

Are the anti tariff people in this thread willing to admit that?
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One could argue that the lion's share of drugs coming into the US are likely through legally used gateways.

A parade of soldiers isn't going to put a dent in the drug trafficking.
 
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#165
#165
Thunder Good-Oil said:
Simply establishing a tariff is different than treating allies and adversaries equally.

How many partners impose tariffs on our exports? With friends it’s a lot about recipriocity of free trade and fulfilling commitments. FAIR trade. Not unfettered access to the US consumers without something in exchange.

It shouldn’t be difficult for the true “friends” to act on our concerns. Adversaries like the CCP - they can’t be trusted and need the iron fist. Their economy, society, and party likely collapses without exploitation of US markets.
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Yes but normally we try diplomacy first. We seem to be skipping that step now.
 
#168
#168
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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Maybe we don't want no war with China.
Our trade with them helps fund their military expansion. Seems like GHWB and WJC would have seen that coming. Then again they probably did.
Fair trade is better than open trade.
 
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#170
#170
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 think the focus on hiring and paying good wages in the 50's and 60's was out of necessity to get and retain workers. It depended on the industry also. We did indeed all benefit from it though. As they say a rising tide lifts all boats.
Your last sentence is a very true and often overlooked point.
 
#172
#172
@Grand Vol Should I get a lawn chair and a cooler and resume my watch by the mailbox for the Mexico border wall check?

NM, way too hot. I'm going down to the Home Depot at 7:30am and get a day labor guy to stand watch for me.
 
#174
#174
Canada responds to rasing the tariff on the US...I've heard no call for the impact on their citizens with increased cost..I wonder why
 
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