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Post by jimstc on Apr 5, 2018 12:37:36 GMT -5
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Post by bill9068 on Apr 5, 2018 13:03:42 GMT -5
MSNBC is the only thing I had to read in this article. The Rhino strategist is no conservative.
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Post by jimstc on Apr 5, 2018 13:20:23 GMT -5
Bill, I was not attesting to the veracity of Schmidt, but pointing out that trade wars and busting NAFTA are a fool's errand. American consumers and businesses end up paying the cost.
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Post by greyhair on Apr 8, 2018 22:24:21 GMT -5
Putting these new tariffs on is nuts. Farmers will get absolutely killed, and a lot of American business will suffer. It is an impulsive, reactionary and dangerous move, and one that no one with a basic understanding of global economics would undertake.
Trump does not know what he is starting.
Or maybe he does, and we are really in trouble
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Post by Russ Koon on Apr 9, 2018 9:16:16 GMT -5
I've listened to both sides of that argument over the years, and have come to the conclusion that my understanding of global economics may be terminally deficient.
I have looked at labels and looked up "country of origin" info on purchases before making decisions for many years.
Yes, I have bought foreign made products during that time, but always when the price difference was extreme enough to justify that purchase in my estimation, or when the product in question had no US-made equivalent.
I haven't seen any comparisons of the effects of the tariffs on the projected buying decisions of Americans as yet, but I would have to asume that more folks would feel the patriotic urge to buy domestic products if the prices were more competitive, which would help domestic businesses in general. I feel even more certain that domestic businesses would source their materials even more in line with the price differences than the average consumer does, which should benefit domestic suppliers.
Sometimes, the answer to a complex problem is the simplest and most direct one available, until proven otherwise.
I'm definitely not on Trump's bandwagon and never have been, but I definitely agree with those who point out that he was the better choice by far of the two who could actually win in 2016. IMO, that was kinda like being chosen as the prettiest frog in that pond, but it's still true. And I suspect that despite his obvious failings as a great speaker or personal role model, that he has a better understanding of global economics than most of us.
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Post by greyhair on Apr 9, 2018 10:25:17 GMT -5
Fair points Russ - here is the dilemma. American made goods are generally more expensive because our workers actually get paid real wages to make them. To make American stuff more in line with import prices, we would have to pay our workers like the importers do, which is shockingly little, or in some cases next to nothing.
I don't know how to deal with that. I try to buy American too, but US stuff is getting harder to find.
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Post by jimstc on Apr 9, 2018 10:44:21 GMT -5
And I suspect that despite his obvious failings as a great speaker or personal role model, that he has a better understanding of global economics than most of us. Russ, Perhaps you are right when referencing the general membership of this forum. But ,and this is a big but, the vast majority of economists who have addressed the issue of tariffs disagree with Trump's policy. Why do you think Gary Cohn, his chief economic adviser resigned? Because the only advice that Trumps follows is that which agrees with his very limited worldview. As Greyhair pointed out earlier, farmers are going to be severely hurt and a multitude of other businesses too. Tariffs stifle economic growth and we as Americans suffer in many ways. Primarily with more expensive prices of products we buy and the resulting inflation |
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Post by Deleted on Apr 9, 2018 10:59:26 GMT -5
Don't forget, China started the tariffs. 25% on all goods and no foreign company can be majority owner. Trump was just leveling the field in a few small areas. China will loss this battle. China economy is in very bad shape. North Korea is de-arming because China can't support them. Need to look at the big picture. Tariff is just one tool to win good over evil.
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Post by jimstc on Apr 9, 2018 11:07:57 GMT -5
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Post by Woody Williams on Apr 9, 2018 12:18:40 GMT -5
I see these as bargaining chips when we sit down with China for some serious trade negotiations for a change. I worked in the aluminum industry and China about killed us by dumping government subsidized aluminum on the open market.
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Post by jimstc on Apr 9, 2018 12:33:49 GMT -5
I see these as bargaining chips when we sit down with China for some serious trade negotiations for a change. I worked in the aluminum industry and China about killed us by dumping government subsidized aluminum on the open market. Absolutely agree!! On both points. My greatest concern is that Trump doesn't stop at the negotiating table and follows his impulses instead of his advisors and proven economic theory |
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Post by Deleted on Apr 10, 2018 7:08:27 GMT -5
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