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Nope...China would just produce those things cheaper still...What is now on our side is that Trump has diminished many of the regulations that prevent business from succeeding here in the US...
originally posted by: carewemust
Friday, April 6, 2018
I don't know how bad this is on a scale of 1 to 10, but the Trade-Tariff threats exchanged between the U.S. and China have ratcheted up another notch today.
China’s commerce ministry on Friday said it would fight the U.S. at “any cost” after President Donald Trump threatened to impose tariffs on an additional $100 billion in Chinese imports.
Trump asked the U.S. Trade Representative (USTR) to consider lobbing additional tariffs against China in light of the country’s “illicit trade practices” that have “destroyed thousands of American factories and millions of American jobs.”
On Tuesday the Trump administration announced a tariff on 1,300 products from China, including medical, aerospace and information technology accounting for nearly $50 billion in annual imports.
Prior to that, additional tariffs were placed on Chinese steel and aluminum.
The Chinese government fired back with $3 billion in tariffs of its own, targeting American goods.
Source: www.foxnews.com...
Here is what I don't understand.. In a free-market society, consumers buy what they want. If it costs less, and gets the job done, that's the product we purchase.
If that more appealing product comes from China, Viet Nam, Canada, or wherever.. we don't care. That's what global free-market capitalism is all about.
So why punish another country because they produce low priced products that consumers, businesses, and factories in America CHOOSE to purchase? The U.S. government charging the Chinese (or anyone) a penalty for supplying what Americans are asking for, will raise the cost of that product for Americans, which is cruel.
Reminds me of the of that horrible ObamaCare fine/tax for not having government-approved health insurance. The U.S. government says, "Do it our way, or pay a big $$$ penalty!"
U.S. companies can do what's necessary internally, to produce the same product at an even lower cost, if they want a larger U.S. market share. Right?
-CareWeMust
originally posted by: carewemust
originally posted by: TerryMcGuire
The U.S. government says, "Do it our way, or pay a big $$$ penalty!"
Isn't that what the president is saying to China?
Yes.. The President is saying to China, raise your prices, or we'll penalize you for sending things here that are too cheap. Is that how you read it?
originally posted by: ufoorbhunter
originally posted by: Mandroid7
Yeah, this really pisses me off.
I'm a little old, but I would gladly enlist and grab some of the best shooters in my state to handle these country wrecking sleeze balls.
I'm old mate and been in engineering in UK all my life. I'd happily press the button to nuke China if I could, they destroyed my countries engineering they don't play it fair. Nuke em, I don't honestly see any benefit around my parts to having China exist at all.
originally posted by: hopenotfeariswhatweneed
originally posted by: UKTruth
originally posted by: carewemust
originally posted by: dragonridr
originally posted by: carewemust
originally posted by: TerryMcGuire
The U.S. government says, "Do it our way, or pay a big $$$ penalty!"
Isn't that what the president is saying to China?
Yes.. The President is saying to China, raise your prices, or we'll penalize you for sending things here that are too cheap. Is that how you read it?
Heres why look at the numbers.
en.m.wikipedia.org...
Thankyou for that comprehensive chart. It looks like China really ramped up their steel production in 2007. A big global demand for their product must have materialized around that time.
A big global demand for their PRICE materialised at that time, from companies who don't care about quality or customers, only profit.
Only care about profits...... Hmm sounds like capitalism to me, when you have unlimited customers you don't care about quality, this is what happens when capitalism goes unchecked, it's a simple case of power corrupts.
originally posted by: UKTruth
a reply to: carewemust
Globalism and free market capitalism can never work.
Why? Because conditions in different countries create an unfair economic advantage. Why should China have a pricing advantage just because they treat their people like slaves?
Add in that tariffs are already uneven. There was no 'free' trade to begin with.
Countries like China have been screwing the world over, stealing ideas, using near slave labour and undercutting markets. Corporations are delighted - they can use near slave labour to make even more money and in the process screw over the countries where they actually built their companies.
originally posted by: RadioRobert
a reply to: OccamsRazor04
Tariffs are just his tool to either slow the trade imbalance or open Chinese markets with fair trade.
Just like threatening to pull out of NAFTA wasn't to raise new tariffs but to negotiate a better deal.
Just like threatening to 86 the trade agreement with South Korea produced massively underreported con cessions from Seoul.
We have enormous leverage with a multi-trillion dollar consumer market. We just never use it because Wall St. only cares about cheap labor and profit margin, not the US industrial base or American workers. And Wall St owns the press (and more than a few politicians).
originally posted by: OccamsRazor04
a reply to: RadioRobert
Exactly, and for as long as I have been alive no one has had the strength to do anything about it, until now. Trump wants a better trade deal, we deserve it.