Steel and aluminum tariffs... [Archive] - Page 5

RandomGuy

08-30-2018, 01:37 PM

Just thought I’d drop in and give you guys an update on what the steel industry is going through because of these tariffs.....so the big companies like CMC, Nucor, Etc, are just killing it in their mills. They’re making money hand over fist. Smaller downstream companies on the other hand are dying (way more people employed at these smaller places in total than the big guys) quickly. No money is being made because they can’t compete with domestic steel prices and they’re going to start filling the unemployment line very soon. We’ve already laid off two people (only 75 in the company).

But yeah, we should definitely keep it up because .....ummmm....China!?

Interesting. Thanks for the inside info.

boutons_deux

08-30-2018, 06:42 PM

Reagan-era budget director David Stockman viciously shreds ‘Neanderthal’ Trump for trade missteps

https://www.rawstory.com/wp-content/uploads/2018/08/stockman.jpg

... asked what he makes of Trump so far, the former budget hawk smirked and proceeded to dismiss Trump’s moves.

“I don’t think it amounts to a hill of beans,”

he said of the replacement NAFTA deal.

“There was never a problem with NAFTA anyway,

and what he has done, basically, is

remove the name and complicated the machinery,

giving a big wage increase to Mexican workers.”

“This is a sideshow,”

he continued.

“And it is proof that Trump is an absolute Neanderthal on trade, and

has no idea what he is doing,

he is a complete ignoramus on fiscal policy and

the debt which is soaring.”

Stockman went on to say that

Trump’s actions likely will combine to “clobber a ten-year recovery and

is about to be knocked over by this nonsense.”

https://www.rawstory.com/2018/08/watch-reagan-era-budget-director-david-stockman-viciously-shreds-neanderthal-trump-trade-missteps/

... apart from that Mrs. Lincoln, how was the play?

boutons_deux

08-31-2018, 10:32 AM

Trade talks with Canada collapse after off-the-record Trump insults leaked

Trump wanted some of his comments during a Bloomberg interview to be “off the record,” and

admitted that he is not making any compromises at all in the talks with Canada —

but won’t say so in public because “it’s going to be so insulting they’re not going to be able to make a deal.”
“Here’s the problem. If I say no — the answer’s no. If I say no, then you’re going to put that, and it’s going to be so insulting they’re not going to be able to make a deal…I can’t kill these people,”

Trump added, that he was “scaring the Canadians into submission by repeatedly threatening to impose tariffs.”

“Off the record, Canada’s working their ass off. And every time we have a problem with a point, I just put up a picture of a Chevrolet Impala,” Trump said, according to the source.

The report notes that the Impala is produced at the General Motors plant in Oshawa, Ontario.

https://www.rawstory.com/2018/08/trade-talks-canada-collapse-off-record-trump-insults-leaked-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2018/08/trade-talks-canada-collapse-off-record-trump-insults-leaked-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

Bombshell leak to Toronto Star upends NAFTA talks: In secret ‘so insulting’ remarks, Trump says he isn’t compromising at all with Canada

https://www.thestar.com/news/world/2018/08/31/bombshell-leak-to-toronto-star-upends-nafta-talks-in-secret-so-insulting-remarks-trump-says-he-isnt-compromising-at-all-with-canada.html (https://www.thestar.com/news/world/2018/08/31/bombshell-leak-to-toronto-star-upends-nafta-talks-in-secret-so-insulting-remarks-trump-says-he-isnt-compromising-at-all-with-canada.html)

RandomGuy

08-31-2018, 10:59 AM

Winehole23

09-01-2018, 09:20 PM

Trump refuses EU offer to zero out tariffs, including auto tariffs.

"not good enough"

President Donald Trump (https://www.bloomberg.com/billionaires/id/1252249) rejected a European Union offer to scrap tariffs on cars, likening the bloc’s trade policies to those of China.

“It’s not good enough,” Trump said of the offer from Brussels during an Oval Office interview with Bloomberg News. “Their consumer habits are to buy their cars, not to buy our cars.”

Trump’s comments come just hours after Trade Commissioner Cecilia Malmstrom told European Parliament lawmakers that the EU would be “willing to bring down even our car tariffs to zero, all tariffs to zero, if the U.S. does the same.”
https://www.bloomberg.com/news/articles/2018-08-30/trump-says-eu-offer-for-no-auto-tariffs-is-not-good-enough

boutons_deux

09-07-2018, 09:37 PM

Apple says U.S. tariffs on China would hit 'wide range' of products

(Reuters) - A “wide range” of Apple Inc (AAPL.O (https://www.reuters.com/finance/stocks/overview?symbol=AAPL.O)) products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials,

but gave no sign of an impact on its iPhone cash cow.

Apple laid out the impact on its products of the Trump administration’s proposed tariffs on $200 billion worth of Chinese goods

in an unsigned letter it submitted on Wednesday to U.S. officials as part of a public comment period.

https://www.reuters.com/article/us-apple-tariffs/apple-says-u-s-tariffs-on-china-would-hit-wide-range-of-products-idUSKCN1LN2JY?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-apple-tariffs/apple-says-u-s-tariffs-on-china-would-hit-wide-range-of-products-idUSKCN1LN2JY?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

Did someone take the letter off Cook's desk before he could sign it?

TDMVPDPOY

09-08-2018, 12:30 AM

boutons_deux

09-08-2018, 04:15 PM

Trump Is Predictably Backstabbing Apple on Tariffs (https://gizmodo.com/trump-is-predictably-backstabbing-apple-on-tariffs-1828911258)

https://i.kinja-img.com/gawker-media/image/upload/s--U9-FE9ib--/c_scale,f_auto,fl_progressive,q_80,w_800/z3mvxu8521guxkwdnnlh.jpg

Cook has along with other titans of industry sought huge corporate tax cuts (https://gizmodo.com/tim-cook-tech-is-dividing-people-but-also-could-we-sl-1820064739), which Trump was more than happy to sign late last year.

That helped Apple avoid $50 billion in taxes (https://gizmodo.com/apple-successfully-avoids-50-billion-in-american-taxes-1822189738#_ga=2.17433209.1909300303.1535814679-1297333590.1435027060), ... enabling its gluttonous stock buyback (https://gizmodo.com/apple-will-spend-100-billion-of-that-cash-it-stashed-a-1825704742#_ga=2.228288989.1909300303.1535814679-1297333590.1435027060).

Cook also reportedly secured some kind of commitment that iPhones assembled overseas won’t be subject to tariffs (https://gizmodo.com/the-trump-administration-reportedly-promised-tim-cook-t-1826939660) in Trump’s brimming trade war with China.

it looks like Trump is preparing to dig a knife deep into his back on tariffs.

(apple) ... saying that $200 billion in proposed tariffs would hurt the U.S. much more than China.

on Friday Trump threatened an additional $267 billion (https://www.washingtonpost.com/business/2018/09/07/trump-threatens-tariffs-billion-chinese-goods-expanding-trade-war-all-chinese-imports-entering-us/?utm_term=.1c720357aa32) in tariffs that “could cover virtually all Chinese-made goods entering the United States.”

Donald J. Trump
(https://twitter.com/realDonaldTrump)
(https://twitter.com/realDonaldTrump)
✔@realDonaldTrump

Apple prices may increase because of the massive Tariffs we may be imposing on China -

but there is an easy solution where there would be ZERO tax, and indeed a tax incentive.

Make your products in the United States instead of China. Start building new plants now. Exciting!
(https://twitter.com/realDonaldTrump)

#MAGA (https://twitter.com/hashtag/MAGA?src=hash)

10:45 AM - Sep 8, 2018 (https://twitter.com/realDonaldTrump/status/1038453273286664193)

==========

It’s not clear what Trump means by “ZERO tax”—presumably he’s referring to the tariffs, though who knows, really.

Trump is shifting the goalposts again, creating a situation in which Apple (or Trump, for all he cares) cannot win.

And he seems to be laying the groundwork for him to make the company into another of his numberless scapegoats (https://gizmodo.com/move-over-fake-news-media-trump-hates-social-media-too-1828439381) in the future.

But it looks an awful lot like that campaign-trail grudge (https://www.theguardian.com/us-news/2016/feb/19/donald-trump-apple-boycott-fbi-san-bernardino) is firing up again, and

Trump is going to try to leave the Cook and crew with the bag for all those empty (https://gizmodo.com/is-this-foxconn-factory-the-big-big-big-apple-plants-1797281718)promises (https://gizmodo.com/trump-brags-he-got-apple-to-invest-350-billion-in-the-1822576406) that Apple will be shifting production stateside (https://gizmodo.com/trump-says-he-will-force-apple-to-manufacture-in-the-us-1753626111).

https://gizmodo.com/trump-is-predictably-backstabbing-apple-on-tariffs-1828911258?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+gizmodo%2Ffull+%28Gizmodo%29

boutons_deux

09-12-2018, 10:38 AM

The US-Canada fight over dairy exposes an inconvenient truth about free markets

These are some of the many downsides of a regulatory system in which the government tightly controls an industry.

The Canadian government limits the amount of dairy that farmers produce, sets the prices, and blocks most imports.

There’s a big upside to Canada’s cow-based command economy, however:

The stable dairy prices keep the industry consistently profitable and allow small farmers to thrive.

Whereas Canada limits supply, the US encourages a bounty of dairy.

It’s a land of milky excess:

fried butter balls,

$0.99 milkshakes,

four-cheese pizzas, and

iced mocha Frappuccinos.

A place where the people of certain Midwestern states competitively sculpt butter.

Though US consumers clearly relish dairy, for farmers and processors, the dairy surplus has its drawbacks.

For instance, right now, the US makes so much milk (https://www.cnbc.com/2017/09/22/dairy-glut-in-us-leads-to-problem-of-spilled-milk.html) that

farmers have poured forth lakes of the unwanted stuff (https://www.wsj.com/articles/americas-dairy-farmers-dump-43-million-gallons-of-excess-milk-1476284353) (paywall).

Bankruptcies (https://www.jsonline.com/story/money/2018/04/13/dairy-crisis-crushes-farmers-wisconsins-rural-identity-jeopardy/511881002/)—and increasingly, suicides (http://www.harvestpublicmedia.org/post/milk-prices-decline-worries-about-dairy-farmer-suicides-rise)—among dairy farmers are on the rise.

These vastly different systems existed alongside each other in relative harmony for decades. Until recently, that is. Since taking office, Donald Trump has fanned the issue of dairy—and trade with Canada more broadly—into a 10-alarm firestorm.

But the bizarre US-Canada dairy trade spat is about way more than just milk.

The dispute reveals the defining conflict of this new era—the role of governments, markets, and free-trade agreements in creating thriving societies.

Canadian farmers—and, therefore, rural communities—have far less to fear from the market’s violent whims.

They might not get the upside of good times.

But they also don’t get bashed anywhere near as hard by the bad times.

Canadian farmers earn a higher price, on average, than those in the US do.

In 2016, they pocketed around 60% more per liter of milk, reports the Guardian (https://www.theguardian.com/world/commentisfree/2018/jun/09/milk-canada-us-trade-war).

https://qz.com/1385156/the-us-canada-fight-over-nafta-and-dairy-exposes-an-inconvenient-truth-about-free-markets/

Another indication that neoliberal deregulation and economic consolidation benefits Capital/BigCorp, but screws Labor/SME.

so-called free market means financial precarity, instability for 10Ms

CosmicCowboy

09-12-2018, 10:58 AM

Boo wants big government to regulate cows. Mandatory birth control for cows?

RandomGuy

09-12-2018, 11:36 AM

Boo wants big government to regulate cows. Mandatory birth control for cows?

Trump told Gary Cohn to 'print money' to lower the national debt
https://www.cnbc.com/2018/09/11/trump-once-considered-just-printing-money-to-lower-the-national-debt-woodward-reports.html

Your favorite idiot wants to Mugabe the United States.

Let that sink in.

RandomGuy

09-12-2018, 11:37 AM

I will predict this.

Ain't no fucking way in hell that the Canadians agree to anything before November 6. They will not give Trump anything his failing party can campaign on.

RandomGuy

09-12-2018, 11:39 AM

The Canadian negotiator is going to confer with the Prime minister, and I have no doubt she is being told to slow walk the negotiations.

Standing up to Trump is enormously popular move politically for Canadian politicians.

boutons_deux

09-13-2018, 07:31 AM

The economic data don't show it, but many U.S. firms at home and in China are feeling the pain of tariffs

tariffs imposed by the Trump administration and retaliation by U.S. trading partners have begun to cause significant pain for a large and growing swath of U.S. businesses at home and abroad.

Companies and establishments from a broad range of industries — manufacturers, farms, construction firms, retailers, rail yards and airports — report that they are feeling the effects of

higher prices or

supply disruptions and

putting new projects and investments on ice.

“For those firms already impacted,

contacts often cited double-digit price increases;

some typical responses were that

tariffs ‘have put us out of business’ on certain products and

‘are a cloud on every facet of our business planning,’”

More than 60% of the firms surveyed in August and September said that the tariffs, taxes on imports, levied on $50 billion of goods already by the U.S. and China

have cost them business.

One in four firms reported their profits were down more than 10% as a result.

they’ve experienced an increase in other barriers in China in recent months,

including stepped-up inspections and slower customs clearances.

Executives at many U.S. firms fear those sorts of non-tariff barriers will spread

president of the American chamber in Shanghai, where about 6,000 U.S. businesses and investments operate, was

stunned by the widespread nature of the new barriers.

“The tariffs are damaging and we want to avoid more serious damage,” he said.

http://www.latimes.com/business/la-fi-tariff-impact-20180912-story.html#

Brilliant Trash brings so much WINNING! and hiccups that businesses are SICK OF IT

RandomGuy

09-13-2018, 10:47 AM

Boo wants big government to regulate cows. Mandatory birth control for cows?

I note you have not commented on how tariffs are helping your business. Why is that? :lol

CosmicCowboy

09-13-2018, 11:01 AM

I note you have not commented on how tariffs are helping your business. Why is that? :lol

I disagree with the tariff war.

I also didn't vote for Trump and don't particularly like him despite your constant accusations of me being a "Trumper".

I just disagree with your "blame everything on Republicans" "Red team does no wrong" bullshit.

RandomGuy

09-13-2018, 11:10 AM

I disagree with the tariff war.

I also didn't vote for Trump and don't particularly like him despite your constant accusations of me being a "Trumper".

I just disagree with your "blame everything on Republicans" "Red team does no wrong" bullshit.

Your party is responsible for Trump. Period. You can either stand up to him, or shrug and do nothing. Despite the damage he is doing, he gets you a few things you want. A useful idiot.

To sin by silence, when we should protest, makes cowards out of men.
--Ella Wheeler Wilcox.

RandomGuy

09-13-2018, 11:10 AM

The ends do not justify the means.

CosmicCowboy

09-13-2018, 11:12 AM

Your party is responsible for Trump. Period. You can either stand up to him, or shrug and do nothing. Despite the damage he is doing, he gets you a few things you want. A useful idiot.

To sin by silence, when we should protest, makes cowards out of men.
--Ella Wheeler Wilcox.

All thing will pass. I'm not sure how I am supposed to "stand up to Trump" except for voting against him in the 2020 Repblican Primary. That's how politics in the US works.

RandomGuy

09-13-2018, 12:55 PM

All thing will pass. I'm not sure how I am supposed to "stand up to Trump" except for voting against him in the 2020 Repblican Primary. That's how politics in the US works.

Until then your party is actively shielding him, and quietly going along with him. The silence is deafening.

A hell of a lot more you can do other than just voting against him in the primary.

Noticed you didn't say "general". smh

CosmicCowboy

09-13-2018, 12:56 PM

Until then your party is actively shielding him, and quietly going along with him. The silence is deafening.

A hell of a lot more you can do other than just voting against him in the primary.

Noticed you didn't say "general". smh

whining on a sports forum is not a viable solution.

RandomGuy

09-13-2018, 01:34 PM

whining on a sports forum is not a viable solution.

Not by any means. Donating money to candidates, blockwalking, registering new voters, becoming an election judge, phone banking, writing postcards for turn out, putting up signs, marching in parades, and an occasional protest, might do it though.

You have, at this point, known me for over a decade at this point. That you think this is the only thing I do... keep underestimating. Please.

RandomGuy

09-13-2018, 01:35 PM

whining on a sports forum is not a viable solution.

https://vimeo.com/265798976

Short film, worth watching. Low key, and in her own words.

TDMVPDPOY

09-13-2018, 09:43 PM

so why arent the american manufactures who have factories in china, either shift their factory to another thats not on the tariff lists?...chinas already ahead of teh curve shifting most factories to neighboring countries, but the catch is those monkeys only hire or reallocate chinese workers to these new factories, instead of hiring new people....

boutons_deux

09-14-2018, 09:05 AM

Trash is WINNING, SO EASY, to screw your own citizens and companies

China: We won't surrender to US over trade

“The Trump administration should not be mistaken that China will surrender to the U.S. demands. It has enough fuel to drive its economy even if a trade war is prolonged.”

China Daily also warns that Beijing “will not hesitate to take countermeasures”, if Donald Trump decides to unleash fresh tariffs.

Currently, Trump is weighing up whether to impose $200bn of tariffs on Chinese goods, on top of the existing $50bn.

https://www.theguardian.com/business/live/2018/sep/14/china-no-surrender-trade-war-investment-mark-carney-brexit-business-live?page=with:block-5b9b5b01e4b0543ecbf2cac1#block-5b9b5b01e4b0543ecbf2cac1

boutons_deux

09-16-2018, 06:37 PM

TRASH has decided for $200B more on China

https://www.cnn.com/2018/09/15/politics/trump-tariffs-china-trade-war/index.html

boutons_deux

09-17-2018, 06:11 PM

Trump Hits China With Tariffs on $200 Billion in Goods, Escalating Trade War

https://www.nytimes.com/2018/09/17/us/politics/trump-china-tariffs-trade.html

boutons_deux

09-17-2018, 06:33 PM

Twist in the U.S. Tariff Battle: ‘It’s Helping China Be More Competitive’

In the Pearl River Delta, companies are racing even faster toward more advanced manufacturing and products

There is an unintended consequence of the White House’s trade battle with China (https://www.wsj.com/articles/china-weighs-skipping-trade-talks-after-u-s-tariff-threat-1537115334?mod=hp_lead_pos2&mod=article_inline&mod=article_inline): Companies in the Pearl River Delta, the center of China’s manufacturing might, are accelerating toward making higher-quality products to compete against American goods.

In response to tariffs, which make his goods more expensive, Michael Lu of LTS Group plans to trim costs by using more robots at his plants, which make lamps, bulbs and other lighting products sold at American stores. He is also moving low-skilled work elsewhere in Asia.

Left in Shenzhen will be his research and development operations and a team of skilled workers who make his company’s more complex products, such as smart lighting.

“The U.S. tariffs are pushing China toward making the higher-end stuff,”

“It’s helping China be more competitive down the road.”
After building its economy on a mountain of inexpensive exports, from socks to toys to steel, China has been on a mission to upgrade its output (https://www.wsj.com/articles/chinese-manufacturers-once-needed-overseas-suppliersnot-any-more-1476801578?mod=article_inline).

Accelerating that process wasn’t exactly the goal of President Trump’s tariffs. :lol

Meanwhile, the shift to higher-value products is well under way in the Pearl River Delta—one of the world’s largest cluster of urban areas, with nine cities.

Nearly four decades ago, Chinese leader Deng Xiaoping chose the region to be the vanguard for China’s economic liberalization.

In the years since, it has turned to making sophisticated electronics including smartphones and semiconductors.

In 2000, 17% of the region’s industrial output was classified as high-tech products, including electronics, biotech and aerospace components.

That rose to 44% last year,

Many of its clients make products on the $200 billion list of tariffs, which have left them searching for ways to cut costs—including asking Mr. Liao for less expensive chips.

His solution: Buy fewer chips from his chief American chip supplier,Qualcomm (http://quotes.wsj.com/QCOM) Inc., and steer more business to a Chinese supplier, Telink Semiconductor Co.

By 2019, he expects to buy half his chips from China, up from 20% last year.

Those purchases will help support a domestic semiconductor industry China is spending billions of dollars to nurture.

https://www.wsj.com/articles/a-twist-in-the-u-s-tariff-battle-its-helping-china-be-more-competitive-1537194771

boutons_deux

09-18-2018, 11:03 AM

China says it will immediately retaliate when Trump tariffs take effect

Beijing struck back Tuesday against President Trump’s new tariffs on $200 billion in Chinese imports,

vowing it would immediately retaliate when they take effect and

threatening a protracted dispute that could raise the prices of household goods in both countries.

“In order to safeguard our legitimate rights and interests and the global free trade order, China will have to take countermeasures,”

The Chinese government will impose tariffs of up to 10 percent on an additional $60 billion in American goods following Trump’s escalation,

slapping higher border taxes on nearly all U.S. exports to China.

https://www.washingtonpost.com/world/china-could-soon-target-practically-all-us-imports-as-it-retaliates-in-trade-war/2018/09/18/7a12708a-bac9-11e8-adb8-01125416c102_story.html?noredirect=on&utm_term=.ab0eb800792e&wpisrc=nl_most&wpmm=1

'Heckuva job, Trashie"

RandomGuy

09-18-2018, 12:07 PM

Hello inflation.

Instant inflation, just add tariffs.

RandomGuy

09-18-2018, 02:48 PM

whining on a sports forum is not a viable solution.

... and you still couldn't vote for a Democrat over Trump in the general.

I guess you are getting the trade policy you want then.

Trump will slap 10% tariffs on $200 billion in Chinese goods — and they will go to 25% at year-end
https://www.cnbc.com/2018/09/17/trump-puts-new-tariffs-on-china-as-trade-war-escalates.html

It wont' be rich people who pay the largest percentage of their incomes to taxes, it will be the poor.

Fuck the poors though, right? You got yours, and they have only themselves to blame for not being born wealthy.

RandomGuy

09-19-2018, 05:09 PM

China still buys American Soybeans. Third party buyer. It's a shell game. China NEEDS protein. Either from ethanol DDG'S or Soybeans. One of the reason China is pushing hard for ethanol (e-10 mandate coming on next year?) Is the DDGS.

China had a huge tariff on DDG that essentially shut imports down that got lifted last fall/this spring.

Keeping Soybeans off the global market for a few months would be a death sentence to China's trade negotiations IMO.

There isn't going to be lower overall demand for US Soybeans. [bolding mine-RG]It's who is the middle man that's going to change. Soybean exports have not been bad at all, and they will continue to do well.

https://www.dw.com/de/die-sojabohne-als-bumerang-im-handelsstreit/a-45560078
The soybean as a boomerang in the trade war. (lit: trade dispute, but "trade war" is probably closer to authors intent-RG)

(google translation, pretty close)

Many US farmers now fear failures in soybeans. How right they are with their fears was recently seen in Kansas City. The US Soybean Export Council, an industry association of soybean farmers, had invited to a congress and a representative from China showed them what to expect: Mu Yan Kui, from one of the largest Chinese soybean processors, presented a six-point plan with which China's pig farmers want to reduce the feeding with soy.

27 million tons less

If the plan becomes reality and the typical soy ration for a Chinese pig falls from 20 percent of its feed to 12 percent - and a fifth of soybean soybeans are [not purchased/demanded] in other countries - then China needs 27 million fewer tons of soybeans per year , That's more than 80 percent of US imports to China for the feed material.

This is called "demand destruction".

The increased prices are going to change habits for Chinese pig farmers, and that change will reduce their demand for US Soy.

Permanently.

You are wrong here. It will not be a shell game in the long run, and the demand for US soy will not need to be made up by other countries in a shell game.

The demand will simply... go away.

spurraider21

09-19-2018, 05:27 PM

Trump told Gary Cohn to 'print money' to lower the national debt
https://www.cnbc.com/2018/09/11/trump-once-considered-just-printing-money-to-lower-the-national-debt-woodward-reports.htm (https://www.cnbc.com/2018/09/11/trump-once-considered-just-printing-money-to-lower-the-national-debt-woodward-reports.html)

is this what it means to treat the country like a business/corporation?

RandomGuy

09-19-2018, 05:36 PM

is this what it means to treat the country like a business/corporation?

Using other people's money, eyup.

boutons_deux

09-20-2018, 06:31 AM

Alibaba will no longer bring 1 million jobs to the US, citing tariffs

https://www.theverge.com/2018/9/19/17879844/alibaba-us-jobs-tariffs

boutons_deux

09-20-2018, 07:59 AM

Trump doesn't talk as much about trade deficits anymore. Maybe because they're getting worse

President Trump built his trade policy on an obsession with cutting fat U.S. deficits with China, Mexico, Europe and others.

U.S. trade deficits have soared since he took office, driven up by strong consumer spending but also by the blizzard of tariffs he unleashed to lower deficits.

Eager to avoid anticipated higher prices, American businesses have responded to tariffs by ramping up imports from China and elsewhere.

The overall U.S. trade deficit rose 10% last year to $552 billion, after being flat the prior two years. The deficit surged another 7% this year through July.

“There’s no good answer for him; that’s why he’s not talking about it,” :lol

“I watch trade deficits because to me, deficits are very important,” Trump said. But then he added a rare note of skepticism about deficits.

“They're not everything, and they're not exact,” he said. :lol

“Sometimes you can have … a deficit and that's not such a bad thing.” :lol

deficits are likely to keep growing.

Stronger economic growth, boosted in part by tax cuts, has given people more money to buy imported things, and American companies will keep trying to hedge against more and higher tariffs to come.

“Everybody in their right mind is thinking about how they can get products to the U.S. and store them,”

http://www.latimes.com/business/la-fi-trump-trade-deficit-20180919-story.html#

"deficits BAD, I'm the only one to fix them. Believe me"

Huge deficits for Trash's "deficit fixit" policies? "not exact" = fake news

johnsmith

09-20-2018, 10:25 AM

... and you still couldn't vote for a Democrat over Trump in the general.

I guess you are getting the trade policy you want then.

Trump will slap 10% tariffs on $200 billion in Chinese goods — and they will go to 25% at year-end
https://www.cnbc.com/2018/09/17/trump-puts-new-tariffs-on-china-as-trade-war-escalates.html

It wont' be rich people who pay the largest percentage of their incomes to taxes, it will be the poor.

Fuck the poors though, right? You got yours, and they have only themselves to blame for not being born wealthy.

Dude, you ALWAYS correlate wealth with birth rite.....not everyone that has money was born into it but you absolutely refuse to acknowledge that and EVERY time it’s brought up, you comment as though ALL of them were born with a silver spoon. Even the Forbes top 400, only 30% were born into the money. Just pointing it out.

Winehole23

09-24-2018, 05:31 PM

Anatole Kaletsky: China's advantage is demand management

Trump’s surprisingly successful rhetorical technique of “shout loudly and carry a white flag” helps to explain the consistent inconsistency of his foreign policy. The US-China trade war is likely to provide the next example.https://www.project-syndicate.org/commentary/trump-would-lose-trade-war-with-china-by-anatole-kaletsky-2018-09

boutons_deux

09-24-2018, 06:05 PM

Eric Schmidt, ex-Google CEO, is predicting Internet will split in two, one operated from China, and one operated by USA/the West.

USA can't beat China, because USA LIES to itself with many myths that were never true, and/or certainly not true now,

so USA is too flabby, naive to take on China as a serious equal, even as a superior.

China's economy is run by their oligarchy that defines national industrial strategy,

while the USA is run by its (Capitalistic) oligarchy whose strategy is exclusively self-enrichment by amassing Capital

boutons_deux

09-24-2018, 11:20 PM

The Cost of Trump’s Economic Nationalism: A Loss of Foreign Investment in the United States

his policy of economic nationalism has taken a toll in another important sphere:

Net inward investment into the United States by multinational corporations—

both foreign and American—

has fallen almost to zero.

this shift of corporate investment away from the United States will

decrease long-term US income growth,

reduce the number of well-paid jobs available (https://piie.com/bookstore/foreign-direct-investment-united-states-benefits-suspicions-and-risks-special-attention), and

accelerate the shift of global commerce away from the United States.

https://piie.com/blogs/trade-investment-policy-watch/cost-trumps-economic-nationalism-loss-foreign-investment-united

So sick of WINNING!

boutons_deux

09-25-2018, 08:44 PM

It's Friedman, but anyway, he has some facts (not fact checked)...

Trump to China: ‘I Own You.’ Guess Again.

The Chinese are catching up to the U.S. in many ways, and the president grasps only part of the reason.

Early in the movie “Crazy Rich Asians” a Chinese-Singaporean father admonishes his young kids to finish their dinner, saying,

“Think of all the starving children in America.”

rich China today — its luxury homes, cars, restaurants and hotels —

is really rich, rich like most Americans can’t imagine.

who will set the key rules of the global order in the 21st century:

the world’s long-dominant economic and military superpower, America, or its rising rival, China.

And this test is playing out with a blossoming full-scale trade war.

it’s just “too late” for America to tell China what to do anymore on issues like trade,

because China is now too big and powerful.

as one top tech executive pointed out to me:

“China is not a ‘near peer’ anymore. It is a peer.”

five years ago China had only two of the

world’s largest publicly traded tech companies,

while the U.S. had nine.

Today, China has nine of the top 20 — Alibaba, Tencent, Ant Financial, Baidu, Xiaomi, Didi, JD.com, Meituan and Toutiao —

and the U.S. has 11.

Twenty years ago, China had none.

The total value of China’s internet economy is already bigger than America’s.

“If data is the new oil, then China is the new Saudi Arabia,” remarked Kai-Fu Lee

we have three huge assets that China doesn’t have, and is unlikely to acquire them anytime soon.

We should be doubling down on our strengths:

immigration, :lol

allies and :lol

values :lol

Instead, Trump is squandering them.

https://www.nytimes.com/2018/09/25/opinion/trump-china-trade-economy-tech.html?partner=rss&emc=rss

boutons_deux

09-29-2018, 11:16 AM

Trump trade adviser was asked if he’s worried about price increases. His answer wasn’t reassuring.

https://i2.wp.com/thinkprogress.org/wp-content/uploads/2018/09/Cavuto-Live-10_37_10-AM.jpg?w=1280&ssl=1

White House trade adviser Peter Navarro offered a simple message to American concerned about paying higher prices for goods thanks to the president’s trade war — “trust in Trump.” :lol

... if he’s “worried” that “American consumers — who do pay the tariffs, it’s not governments — are going to be looking at a pretty pricey Christmas shopping season.”

“I think, Neil, we need to put this in context,” Navarro said. “I think it’s trust in Trump.”

Cavuto followed up by pressing Navarro for a more substantial answer.

Navarro responded by making a case that

the relatively low prices Americans are used to paying are “the creation of unfair trade practices” and actually “have a high cost.”

https://thinkprogress.org/peter-navarro-price-increases-trade-tariffs-trump-3da0d74dbb5a/

So Navarro/Trash/Mnuchin are removing low prices for Americans, so they can punish China.

China is selling "high cost" shit at a low price (at a loss?) to Americans, so it can maintain for decades an "unAmerican" annual growth rate, including 6% in 2018 while being punished by Trash.

Trust in Trash, he always is upfront and truthful.

CosmicCowboy

10-02-2018, 04:51 PM

Funny, no one has mentioned that it looks like a new US/Mexico/Canada trade deal got done.

Guess salacious gossip is more fun.

Pavlov

10-02-2018, 05:12 PM

Funny, no one has mentioned that it looks like a new US/Mexico/Canada trade deal got done.

Guess salacious gossip is more fun.Of course NAFTA has been mentioned.

Tell us all the differences, head cheerleader.

CosmicCowboy

10-02-2018, 05:15 PM

Of course NAFTA has been mentioned.

Tell us all the differences, head cheerleader.

Nope. Do your own research shithead. Google is pretty easy to use.

boutons_deux

10-02-2018, 05:18 PM

NAFTA2 is only marginally different from NAFTA1

Pavlov

10-02-2018, 05:19 PM

Nope. Do your own research shithead. Google is pretty easy to use.:lmao sorry we already mentioned your big news, scoop. Take your meds.

RandomGuy

10-03-2018, 11:06 AM

Funny, no one has mentioned that it looks like a new US/Mexico/Canada trade deal got done.

Guess salacious gossip is more fun.

The NAFTA rework was mostly done during the TPP negotiations. Good for Trump in that he inched the ball over the goal line, I guess.

I am surprised that Canada gave in before the midterms. I guess that is what government is like when it serves the people over it's leader's ego, kinda hard to wrap one's mind around at this point.

RandomGuy

10-03-2018, 11:10 AM

Dude, you ALWAYS correlate wealth with birth rite.....not everyone that has money was born into it but you absolutely refuse to acknowledge that and EVERY time it’s brought up, you comment as though ALL of them were born with a silver spoon. Even the Forbes top 400, only 30% were born into the money. Just pointing it out.

Mobility in income is a myth for the US. the data show that people born poor, generally stay poor.

The Forbes top 400 is sort of a bad sample though, to draw any conclusions from about how people improve themselves. Neither scientific, nor large enough across income levels.

boutons_deux

10-03-2018, 11:22 AM

Mobility in income is a myth for the US. the data show that people born poor, generally stay poor.

The Forbes top 400 is sort of a bad sample though, to draw any conclusions from about how people improve themselves. Neither scientific, nor large enough across income levels.

socio/economic mobility in USA is now LOWER than in Western Europe.

the demographic stats are clear and long-term

why? universal health care, free or very cheap education, a truly safe safety net, investment in public transport and infrastructure, worker protections, paid maternity leave, etc, etc. aka, FUCKING civilization delivered by social democracy

on all every big check box, USA loses, and USA is getting much worse under the jackboot of Capital.

boutons_deux

10-03-2018, 11:48 AM

here's one for rmt

THE BIGGEST LOSERS IN TRUMP’S TRADE WAR? WOMEN

it looks like American women are going to be the biggest losers.

The third round is different not only because of

its size — five times more punitive (https://www.ozy.com/fast-forward/could-trumps-trade-war-take-a-bite-out-of-apple/88502), financially speaking

— but also because

it directly targets imports of consumer goods.

Experts say the tariffs will hit the consumer in the pocketbook as

manufacturers pass the burden on to consumers through higher costs on items such as clothing, household appliances and even toys.

The National Retail Federation (NRF) estimates that the plan

could cost the average American family $1,700 in the first year alone.

THE TRUMP TAX HITS ITEMS USED PRIMARILY BY WOMEN

Round three includes

many products that are used more by women than men,

including pocketbooks, beauty products and even toilet paper. That’s right.

As a matter of hygiene, women use five times more toilet paper than men,

according to a study funded by the Scott Paper Company.

So you can add the “Trump Tax” to the “Pink Tax” women already pay (7 percent, according to studies like this one (https://www1.nyc.gov/assets/dca/downloads/pdf/partners/Study-of-Gender-Pricing-in-NYC.pdf) from New York City’s Department of Consumer Affairs) for products marketed to girls and women.

She called it “a baby tax … a getting ready in the morning tax … a pet tax… a fruit tax … a school lunch tax [and a] … a backpack tax.”

She pointed out how it’s a “tax on keeping warm,” with parkas, scarves, hats, earmuffs and caps also listed.

“Parents will pay more for school supplies,” says Quach, with paint, glue sticks, binders, plastic rulers, tape measures, fabric, even calculators targeted.

“And teachers too. [It] is a back-to-school teacher tax.”

According to the U.S. Department of Education, a whopping 94 percent of teachers — a profession in which 77 percent in the U.S. are women — spend their own money on school supplies.

https://www.ozy.com/opinion/the-biggest-losers-in-trumps-trade-war-women/89209?utm_source=dd&utm_medium=email&utm_campaign=10032018&variable=992d608214b505003aa04bf10a595031

"Trade Wars Are Easy To Win", says yet another war-making asshole who won't risk himself in the war.

Winehole23

10-05-2018, 10:22 AM

China has stopped buying US oil:

https://www.rt.com/business/440296-us-china-oil-imports/

johnsmith

10-05-2018, 02:51 PM

Winehole23

10-07-2018, 11:50 PM

the US is becoming a commodities exporter. the trend continues under Trump:

https://pbs.twimg.com/media/Do7vnSvXoAACDhu.jpg

boutons_deux

10-09-2018, 04:35 AM

How Badly is Trump’s Trade War Hurting China? (https://www.counterpunch.org/2018/10/09/how-badly-is-trumps-trade-war-hurting-china/)

after seeing numerous stories telling us how bad China’s economy has been hit by Trump’s tariffs (e.g. this NYT piece (https://www.nytimes.com/2018/10/07/business/china-lending-trade-war.html?action=click&module=In%20Other%20News&pgtype=Homepage&action=click&module=Latest&pgtype=Homepage)),

I thought it was worth looking at the numbers.

In the first eight months of 2018, China’s exports to the US were $344.7 billion (https://www.nytimes.com/2018/10/07/business/china-lending-trade-war.html?action=click&module=In%20Other%20News&pgtype=Homepage&action=click&module=Latest&pgtype=Homepage).

This is up by $25.4 billion from $319.3 billion in the first eight months of 2017.

I have a hard time seeing how a $14 trillion economy (https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?pr.x=72&pr.y=5&sy=2016&ey=2023&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924&s=NGDPD%2CPPPGDP&grp=0&a=)

($25 trillion in purchasing power parity terms)

could be sunk by reducing its exports to the US by $60 or even $100 billion.

since we are constantly told that much of the value of these exports actually comes from third countries like Japan or South Korea, the impact would be even less.

Of course, if China’s exports are still rising in spite of Trump’s trade war,

it is even harder to understand how it could be sinking its economy.

https://www.counterpunch.org/2018/10/09/how-badly-is-trumps-trade-war-hurting-china/

So much WINNING, America is sick of it.

boutons_deux

10-09-2018, 05:11 AM

The fraud, the lie is that people are told The American Dream, a complete myth, is that anybody can become wealthy, when in fact

If you're born poor, you will stay poor.

If you are born rich, you will stay rich (eg, a scumbag like Kavanaugh)

Inequality of opportunity keeps the poor in poverty, and the rich in wealth.

That an infinitesimal fraction of non-poor become wealthy is not the lesson. It's the lie, in the sense that effectively nobody poor becomes wealthy, or even middle class.

Yes, a larger portion of the Forbes 400 started out non-wealthy, but that's a few 100 people in a country of 320M, in a country with 50M+ in or very close to poverty.

The lesson is that 99% of people born poor die poor, denied the opportunity of educated, well-off parents, denied quality education in public schools, denied a peaceful childhood with successful adult models, growing up in impoverished, violent neighborhoods.

I can't find it now, but one study showed that (white) people raised in rural areas and then move to urban areas almost never "catch up" with people raised in sub/urban areas.

Western Europe's better-than-USA socio/economic mobility is due to the advantage of social democracy: well funded schools, free or cheap secondary education, universal health care, strong safety net, strong unions.

iow, Western Europeans are provided the platform of social democracies to achieve a respectable level of living, life without fear of poverty and/or bankruptcy from medical/special-needs costs, while America's cruel, ruthless Capitalism continues to deny, even reduce, such a platform. eg, Trash/Repug Congress intend to cut Medicare, Medicaid, SS (to pay for the Capitalists' tax cuts and rigging)

Capitalism is rigged for capitalists, everybody else is fucked by Capitalists.

boutons_deux

10-09-2018, 06:42 AM

Ford Plans Layoffs After $1 Billion Trump Tariff Hit

Some 12 percent of Ford workers worldwide could be out of a job.

The nation’s largest automaker hasn’t yet revealed how many workers will be affected. But a report by Morgan Stanley estimated that as many as 12 percent of the company’s 202,000 workers (https://www.nbcnews.com/business/autos/trump-s-tariffs-have-already-cost-ford-1b-now-it-n917756)worldwide could be cut, NBC reported.

Layoffs will center on Ford’s 70,000-strong white-collar workforce as part of what the company is calling a “redesign” of its staff in an ongoing $22.5 billion reorganization,

Trump’s tariffs and the retaliatory tariffs they triggered are taking a toll on the U.S. auto industry (https://www.cnbc.com/2018/08/12/auto-industry-caught-in-the-trade-war-crosshairs.html).

Ford CEO Jim Hackett told Bloomberg last month that tariffs on imported aluminum and steel alone dealt a blow to company profits (https://www.bloomberg.com/news/articles/2018-09-26/ford-ceo-says-trump-s-metals-tariffs-took-1-billion-in-profits?utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&utm_source=twitter&cmpid=socialflow-twitter-business).

“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” Hackett said.

“The irony of which is we source most of that in the U.S.

If it goes on any longer, it will do more damage.”

The ongoing trade war is expected to continue to hurt the company’s bottom line.

Earlier this year, Trump said that “trade wars are good, and easy to win (https://www.cnbc.com/2018/03/02/trump-trade-wars-are-good-and-easy-to-win.html).”

https://www.huffingtonpost.com/entry/ford-poised-for-layoffs-after-1-billion-trade-war-hit_us_5bbbce51e4b01470d05445e5?utm_medium=email&utm_campaign=__TheMorningEmail__100918&utm_content=__TheMorningEmail__100918+CID_f7cf909b a54e042a3552240d44a7d392&utm_source=Email%20marketing%20software&utm_term=HuffPost&ncid=newsltushpmgnews__TheMorningEmail__100918

boutons_deux

10-12-2018, 07:05 AM

China's September export growth tops forecasts, surplus with U.S. record high

China reported on Friday an unexpected acceleration in export growth in September and a record trade surplus with the United States, which could exacerbate an already-heated dispute between Beijing and Washington.

https://www.reuters.com/article/us-china-economy-trade/chinas-september-export-growth-tops-forecasts-surplus-with-u-s-record-high-idUSKCN1MM080?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

Winehole23

10-13-2018, 10:26 AM

Marshall Auerbach descries a method in the madness.

His discussion of synthetic immigration seems apt.

In essence, the U.S. now has a situation whereby fiscal stimulus is being married to a tariff policy in the U.S., so that the stimulus “leakage” (whereby U.S. spending power is directed toward imports rather than domestic goods) is minimized, and therefore the stimulus absorbed mostly at home. This is more likely to result in inflationary pressures. This is beginning to be intuited by the bond market, where the 10-year Treasury benchmark bond has tumbled to 3.23 percent, the highest yield level since May 2011. Additionally, Financial Advisory reports that (https://www.fa-mag.com/news/bonds-in--916-billion-wipeout-spark-fear-of-worst-run-since-1976-41259.html):

“the value of the Bloomberg Barclays Multiverse Index, which captures investment-grade and high-yield securities around the world, slumped by $916 billion last week, the most since the aftermath of Donald Trump’s election victory in November 2016. American high-grade obligations are down 2.53 percent in 2018—a Bloomberg Barclays index tracking the debt has dropped in just three years since 1976.”

Keep your eyes on that Index. A lot, to put it mildly, is riding on it.
https://www.nakedcapitalism.com/2018/10/marshall-auerback-full-employment-economy-possibly-go-wrong.html
http://www.paecon.net/PAEReview/issue78/Auerback78.pdf

boutons_deux

10-13-2018, 10:42 AM

"stimulus “leakage” (whereby U.S. spending power is directed toward imports rather than domestic goods) is minimized,"

see above, US imports from China are UP! :lol

Winehole23

10-13-2018, 10:45 AM

short term blinders. this to be expected since traders in the last quarter wanted to get in under the wire before tariffs were enacted in earnest.

Winehole23

10-13-2018, 11:09 AM

also to be expected in the short term because a strong economy/dollar makes imports more affordable for US citizens

boutons_deux

10-13-2018, 11:13 AM

also to be expected in the short term because a strong economy/dollar makes imports more affordable for US citizens

China can nuke the USD, and much of the US economy, by dumping its US Treasury bonds.

Winehole23

10-13-2018, 11:38 AM

don't hold your breath

boutons_deux

10-17-2018, 07:13 AM

On NPR, a local politician was told by BMW that BMW Spartanburg would lose over $300M in 2018, and nearly $500M in 2019, due to Trash's winning trade war.

FlAVaK

10-18-2018, 06:30 PM

https://youtu.be/etkd57lPfPU

Winehole23

10-23-2018, 11:50 PM

Industry Week: Ford says it lost $1B in profits.

U.S. steel currently costs about $150 more per metric ton than steel in China, the world’s biggest consumer, which accounts for more than half of global demand.https://www.industryweek.com/companies-executives/ford-says-tariffs-makes-us-steel-costliest-world

boutons_deux

10-24-2018, 03:35 PM

Industry Week: Ford says it lost $1B in profits.

https://www.industryweek.com/companies-executives/ford-says-tariffs-makes-us-steel-costliest-world

https://www.spurstalk.com/forums/showthread.php?t=272551&p=9556942&viewfull=1#post9556942

Winehole23

11-02-2018, 03:21 PM

biggest trade deficit in a decade, Trump is too busy campaigning to follow through on his promises to put American workers first

“Government data released today reveals the highest U.S. goods trade deficit in a decade for the first three-quarters of 2018, contradicting President Donald Trump’s midterm campaign trail triumphalism on trade. During Trump’s presidency, the U.S. trade deficit with China has risen to the highest ever recorded, while the deficits with the world and with North American Free Trade Agreement (NAFTA) nations have steadily grown, reaching nine-month levels in 2018 higher than any year since before the 2008-2009 financial crisis…. The data arrives on the heels of Trump’s Treasury Department failing to label any country a currency manipulator….. As well, Trump has not exercised the authority he has to reverse waivers of “Buy America” procurement policies that outsource U.S. tax revenues to purchase imports for government use. He also has not followed through on his campaign pledges to penalize imports from firms that consistently outsource jobs or limit government contracts to firms that outsource jobs.”https://citizen.typepad.com/eyesontrade/2018/11/third-quarter-data-shows-record-us-trade-deficits-during-trump-presidency.html

RandomGuy

11-07-2018, 12:38 PM

I disagree with the tariff war.

I also didn't vote for Trump and don't particularly like him despite your constant accusations of me being a "Trumper".

I just disagree with your "blame everything on Republicans" "Red team does no wrong" bullshit.

Their Soybeans Piling Up, Farmers Hope Trade War Ends Before Beans Rot
https://www.nytimes.com/2018/11/05/business/soybeans-farmers-trade-war.html

That is pretty easily blamed on a Republican.

Democrats do stupid shit, but it pales in comparison to the fucked up, reckless policies of the Republicans, and your overall servile attitude to the breathtaking corruption and incompetence from the Oval office.

boutons_deux

11-12-2018, 09:05 PM

White House to consider Commerce Department auto tariff recommendations

The U.S. Commerce Department has submitted draft recommendations to the White House on its investigation into whether to impose

tariffs of up to 25 percent on imported cars and parts

on national security grounds, :lol

https://www.reuters.com/article/us-usa-trade-autos/white-house-to-consider-commerce-department-auto-tariff-recommendations-officials-idUSKCN1NH2JP?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

NatSec is the goto catchall to justify anything and everything.

boutons_deux

11-13-2018, 07:34 AM

Stung by trade wars, U.S. farmers hope for quick progress on Farm Bill

Lawmakers have said passing the critical piece of agricultural legislation is their highest priority.

That would provide some comfort to farmers who for the past several months have been crushed by the loss of export markets due to the trade wars and are keen for a legislative backstop if the trade disputes linger.

“It’s our safety net,” Schlosser said. “We could use all the help we can to eliminate any uncertainty in times like this,”

The Farm Bill provides funding for an array of programs important to farmers, including crop subsidies, rural development programs and support accessing export markets.

Trump reiterated his desire for stricter work requirements in the bill.

He noted a new farm bill could help farmers survive the ongoing trade dispute, which

has driven China, traditionally the biggest buyer of U.S. agriculture exports, mostly out of the market.

Amid the trade tariffs, without a farm bill, we would not have access to market development programs, and these are crucial,”

“Given the sustained low prices dairy farmers have faced,

coupled with uncertainty in agricultural trade policy,

it is more important than ever that Congress quickly enact the 2018 Farm Bill before adjourning for the year,”

https://www.reuters.com/article/us-usa-farmbill/stung-by-trade-wars-u-s-farmers-hope-for-quick-progress-on-farm-bill-idUSKCN1NI1EY?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reu ters+Politics+News%29

=================

The dairy industry is really in deep shit

What’s behind the crippling dairy crisis? Family farmers speak out

surging per-cow milk production,

from 540 gallons per year in 1944 (https://academic.oup.com/jas/article/87/6/2160/4731307) to

2,753 gallons in 2017 (http://usda.mannlib.cornell.edu/usda/nass/MilkProd/2010s/2018/MilkProd-02-21-2018.pdf); !!!!!!!!!!! juicing the cows!!

https://www.salon.com/2018/11/11/what-will-behind-the-crippling-dairy-crisis-family-farmers-speak-out_partner/

Winehole23

11-13-2018, 12:25 PM

Trump Adminstration bails out Chinese company (Smithfield) for lost sales to China:

Smithfield is a Chinese-owned pork producer based in the USA that exports a lot of pork back to China; when Trump touched off a trade-war with China, he committed to compensating US-based companies that faced retaliatory sanctions at the Chinese border.

You see where this is going, right?

The US government is buying $240,000 worth of pork from Smithfield to compensate it for its lost Chinese sales.
https://boingboing.net/2018/11/13/jina-jina-jina-oink-oink-oi.html

boutons_deux

11-18-2018, 10:54 PM

China ‘has taken the gloves off’ in its thefts of U.S. technology secrets

It was the great microchip heist — a stunning Chinese-backed effort that pilfered as much as $8.75 billion in patented American technology.

U.S. officials say the theft took a year to pull off and involved commercial spies, a Chinese-backed company, a Taiwanese chipmaker and employees affiliated with Micron Technology, a U.S.-based microchip behemoth.

Yet what Micron called “one of the boldest schemes of commercial espionage in recent times” is most notable because it’s not unusual.

Beijing over the last two years has significantly ramped up its swiping of

commercial technology and intellectual property,

from jet engines to

genetically modified rice,

as U.S. relations with China have grown more acrimonious under President Trump, according to U.S. officials and security experts.

“They want technology by hook or by crook.

They want it now.

The spy game has always been a gentleman’s game,

but China has taken the gloves off,”

said John Bennett, the special agent in charge of the FBI’s San Francisco office, which battles economic spies targeting Silicon Valley.

“They don’t care if they get caught or if people go to jail.

As long as it justifies their ends,

they are not going to stop.”

China long has prioritized stealing U.S. intellectual property to boost its domestic industries and its rise as a global power, according to federal law enforcement officials.

They say Beijing relies on

an army of domestic computer hackers,

traditional spies overseas and

corrupt corporate insiders in U.S. and other companies.

http://www.latimes.com/politics/la-na-pol-china-economic-espionage-20181116-story.html?id=1231

China has joined Pootin in laughing their asses off at feeble, rape-able, foolish, sitting fuck, flabby-assed USA.

China used to fear tariffs, but now that Trash has started a tariff war with China, China is raping America.

Trash knew that was gonna happen, right?

boutons_deux

11-19-2018, 04:24 PM

China ain't takin no shit from USA anymore. Thanks, Trash!

U.S.-China Clash at Asian Summit Was Over More Than Words

The United States wanted to emphasize free trade at the end of a meeting with Asia-Pacific leaders.

China objected.

So Chinese officials barged uninvited into the office of a senior Asian official, demanding changes in the official communiqué.

China’s decision to burst into the office of the host country’s foreign minister marked a striking break with decorum at a meeting that is normally used to promote cooperation among countries that ring the Pacific Ocean.

The dispute meant that the Asia-Pacific Economic Cooperation, or APEC, forum held in Papua New Guinea and attended by Vice President Mike Pence and China’s leader, Xi Jinping,

failed to issue a joint document for the first time (https://www.nytimes.com/2018/11/18/world/asia/apec-us-china-trade-war-joint-statement.html?action=click&module=inline&pgtype=Homepage) since 1989.
More important, it signaled a new phase in relations between the two powers, with

China showing its willingness to cast diplomacy aside

in favor of a more aggressive posture as it challenges the United States’ dominance in the region,

https://www.nytimes.com/2018/11/19/world/asia/apec-us-china-trade.html (https://www.nytimes.com/2018/11/19/world/asia/apec-us-china-trade.html)

Besides investing in Africa, China is going to finance a huge chunk of Philippines infrastructure.

The planet is no longer a uni-polar world under USA's financial hegemony, but USA still is the hated country with military hegemony, run by a childish, mentally ill obese asshole, with makeup and fake hair.

boutons_deux

11-22-2018, 08:56 AM

Tesla cuts China car prices to absorb hit from trade war tariffs

https://uk.reuters.com/article/uk-tesla-china/tesla-says-cuts-price-for-model-x-s-in-china-idUKKCN1NR0A8

boutons_deux

11-25-2018, 11:31 AM

Trump's Trade Wars Hurt Everyone in Farm Country

Iowa’s lost tax revenue from personal income and sales taxes alone may range from $111 million to $146 million (https://www.cals.iastate.edu/news/releases/card-study-reveals-trade-disruptions-impacts-iowas-economy), Iowa State’s Center for Agricultural and Rural Development estimates. Federal offsets could reduce those losses, but not completely.

Those revenue losses can translate into additional lost labor income — anywhere from $245 million to $484 million, enough income to support 9,300 to 12,300 jobs.

Trump’s backers in the state don’t seem to care much.

they “just need to take a deep breath for a moment” and it’ll “all work out fine.”

“Tariffs are even hitting businesses like mine,” said Steve Pelz, who owns a car wash in Cambridge, Iowa. “I need to have repairs done on my water heater and other machinery, but

the companies I would normally use can’t supply the parts any longer due to the steel tariffs.

I have had to go through other vendors and have parts retrofitted, costing me time and money.”

ReShonda Young, owner of Popcorn Heaven in Waterloo, Iowa agrees. “You might wonder how tariffs and trade wars would affect a gourmet popcorn business,” she said, “but it does.

We use decorative tins for our products, particularly around the holidays, and have seen quite a price hike in these items.”

Greg and Jessica Young of Waterloo Bicycle Works recently told us that prices are going up on items they order, and

invoices from suppliers are adding a line detailing the price increase due to tariff costs.

communities are having issues with infrastructure projects because of price increases in necessary materials.

“But the harder question is what happens in two, three, or 10 years if the trade wars continue?”

By then, he warns,

“even if you get rid of the tariffs, the U.S. may be a smaller player.”

in reality it’s just another broadside against a new class of workers and businesses, all to score political points.

And while they’ve cut taxes for billionaires,

those GOP-backed tariffs and trade wars are just another way of taxing the rest of us here in farm country.

https://www.truthdig.com/articles/trumps-trade-wars-hurt-everyone-in-farm-country/

Pavlov

11-26-2018, 11:52 AM

Welp.

1067080522084560922

boutons_deux

11-26-2018, 11:57 AM

" just the beginning as GM

prepares for the next economic downturn,

shifting trade agreements under the Trump administration, and

potential tariffs on imported automobiles."

Pavlov

11-26-2018, 12:13 PM

I said, those jobs have left Ohio. They’re all coming back. They’re all coming back. Don’t move, don’t sell your house. We’re going to fill up those factories or rip them down and build new ones....After years and years of sending our jobs and wealth to other countries, we are finally standing up for our workers and for our companies....We never again will sacrifice Ohio jobs and those in other states to enrich other countries.

LORDSTOWN, Ohio– General Motors will close its plant in Lordstown early next year.

boutons_deux

11-26-2018, 12:20 PM

Watch OH Repugs decline medicaid and provide only minimum, if any, unemployment benefits to GM's fired workers.

SnakeBoy

11-26-2018, 01:44 PM

Welp.

1067080522084560922

Welp what? Is this because of tariffs?

Pavlov

11-26-2018, 01:47 PM

Welp what? Is this because of tariffs?
A person briefed on the matter told The Associated Press that the plant being shuttered in Canada is just the beginning as GM prepares for the next economic downturn, shifting trade agreements under the Trump administration, and potential tariffs on imported automobiles.

The official spoke on condition of anonymity because the announcement hasn’t been made public.

lol spoon feeding

DMC

11-26-2018, 01:50 PM

Trump dragging automotive technology into the future by the hair of its head. :lol

Pavlov

11-26-2018, 01:51 PM

Trump dragging automotive technology into the future by the hair of its head. :lolAre they going to run on beautiful clean coal?

SnakeBoy

11-26-2018, 01:54 PM

lol spoon feeding

lol an anonymous sauce said
lol media narrative

Pavlov

11-26-2018, 01:56 PM

lol an anonymous sauce said
lol media narrativelol straight to conspiracy theories
lol denial

Spurs Homer

11-26-2018, 01:58 PM

Are they going to run on beautiful clean coal?

No silly, they will glide on the beautiful infrastructure new roads!

:clap

SnakeBoy

11-26-2018, 03:07 PM

lol straight to conspiracy theories
lol denial

lol There's no conspiracy theory. GM is just following in the footsteps of Ford who made this same decision a year ago. Nobody buys sedans in the US anymore just look around if you ever leave your house. GM as always is way behind in judging the market, that's why they are so far behind in the race to autonomous vehicles. You can believe it's Trumps fault if it pleases you.

Pavlov

11-26-2018, 03:16 PM

lol There's no conspiracy theory. GM is just following in the footsteps of Ford who made this same decision a year ago. Nobody buys sedans in the US anymore just look around if you ever leave your house. GM as always is way behind in judging the market, that's why they are so far behind in the race to autonomous vehicles. You can believe it's Trumps fault if it pleases you.lol straw man
lol pissy when your question is answered

DMC

11-26-2018, 03:21 PM

Everyone run out and buy a GM product. No? Then you're not really concerned.

RandomGuy

11-26-2018, 04:00 PM

Everyone run out and personally fight fires. No? Then you're not really concerned.

The stupid... it burns.

RandomGuy

11-26-2018, 04:00 PM

Everyone run out and personally arrest criminals. No? Then you're not really concerned.

RandomGuy

11-26-2018, 04:01 PM

Everyone run out and inspect food safety. No? Then you're not really concerned.

RandomGuy

11-26-2018, 04:01 PM

Everyone run out and personally test water for lead contamination. No? Then you're not really concerned.

RandomGuy

11-26-2018, 04:02 PM

Everyone run out and clean up Superfund sites. No? Then you're not really concerned.

RandomGuy

11-26-2018, 04:06 PM

I could go on all day.

That argument is ridiculous. It shocks me that even when shown how stupid it is, DMC will keep parroting some version of it, like someone so convinced that the shit sandwich they made was the best sandwich in the world, and refuses to believe it is a turd even when shown what a turd sandwich looks like.

"but that turd sandwich looks nothing like the one *I* made". :rolleyes

hitmanyr2k

11-26-2018, 04:15 PM

Welp what? Is this because of tariffs?

I'm sure the tariffs had a hand in it along with the other factors.

https://www.cnbc.com/2018/07/25/reuters-america-update-1-trump-tariffs-take-a-bite-out-of-gm-2018-profit-forecast.html

General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs, sending its shares down more than 3 percent in pre-market trading.

The No. 1 U.S. automaker said it would be able to partially offset higher commodity costs and the unfavorable effect of currency fluctuations in Brazil and Argentina, but they would have a net impact of around $1 billion on the company's full-year results. Previously GM had expected those costs would total around $500 million.

"Our operating performance was impacted by significant headwinds from commodity costs and currency devaluations in South America," GM Chief Financial officer Chuck Stevens said in a statement, where he described a "more challenging environment" for the rest of the year.

The automaker buys most of its steel from U.S. producers, who have raised prices in reaction to tariffs on imported steel imposed by the Donald Trump administration earlier this year.

When their bottom line is significantly affected you know they're not just going to eat the loss and call it a bad year. "Re-assessing" and job cuts will happen. Stevie Wonder could have seen this coming. Ford announced something similar not long ago.

http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/

RandomGuy

11-26-2018, 04:21 PM

I'm sure the tariffs had a hand in it along with the other factors.

https://www.cnbc.com/2018/07/25/reuters-america-update-1-trump-tariffs-take-a-bite-out-of-gm-2018-profit-forecast.html

When their bottom line is significantly affected you know they're not just going to eat the loss and call it a bad year. "Re-assessing" and job cuts will happen. Stevie Wonder could have seen this coming. Ford announced something similar not long ago.

http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/

Pretty much. Seen some other analysis of tax-planning.

This was the kind of thing that the GOP was hanging their hats on NOT happening when they passed the Super Rich and Corporate Giveaway Act of 2018.

Looks like we borrowed all that money from China for nothing.

RandomGuy

11-26-2018, 04:24 PM

China still buys American Soybeans. Third party buyer. It's a shell game. China NEEDS protein. Either from ethanol DDG'S or Soybeans. One of the reason China is pushing hard for ethanol (e-10 mandate coming on next year?) Is the DDGS.

China had a huge tariff on DDG that essentially shut imports down that got lifted last fall/this spring.

Keeping Soybeans off the global market for a few months would be a death sentence to China's trade negotiations IMO.

There isn't going to be lower overall demand for US Soybeans. It's who is the middle man that's going to change. Soybean exports have not been bad at all, and they will continue to do well.

https://www.dw.com/de/die-sojabohne-...eit/a-45560078
The soybean as a boomerang in the trade war. (lit: trade dispute, but "trade war" is probably closer to authors intent-RG)

(google translation, pretty close)
Many US farmers now fear failures in soybeans. How right they are with their fears was recently seen in Kansas City. The US Soybean Export Council, an industry association of soybean farmers, had invited to a congress and a representative from China showed them what to expect: Mu Yan Kui, from one of the largest Chinese soybean processors, presented a six-point plan with which China's pig farmers want to reduce the feeding with soy.

27 million tons less

If the plan becomes reality and the typical soy ration for a Chinese pig falls from 20 percent of its feed to 12 percent - and a fifth of soybean soybeans are [not purchased/demanded] in other countries - then China needs 27 million fewer tons of soybeans per year , That's more than 80 percent of US imports to China for the feed material.

This is called "demand destruction".

The increased prices are going to change habits for Chinese pig farmers, and that change will reduce their demand for US Soy.

Permanently.

You are wrong here. It will not be a shell game in the long run, and the demand for US soy will not need to be made up by other countries in a shell game.

The demand will simply... go away.

vy65

11-26-2018, 04:27 PM

https://twitter.com/CNBCnow/status/1067165920479502336

I mean, why?

RandomGuy

11-26-2018, 04:31 PM

https://twitter.com/CNBCnow/status/1067165920479502336

I mean, why?

Trump is, in a word, delusional. If he truly thinks this is easy as he claims. Hard to say given his propensity for lying.

Dude is a shitty businessman whose "core competency" is fraud and money laundering. It takes a real idiot to be handed 400M + in the eighties and not parley that into tens of billions by 2018.

If you like I can explain the fraud and money laundering parts. Been reading up on some of the investigative reporting being done on the Trump business model.

(edit)
His thinking is very 1970-1980. I think his concept of the world sort of stopped there. Given some sort of cognitive decline in his late 50's this isn't too surprising. Guess we are along for the ride, economically. The damage to the rule of law... that is something else entirely.

RandomGuy

11-26-2018, 04:37 PM

https://twitter.com/CNBCnow/status/1067165920479502336

I mean, why?

To answer your question: Trump thinks, rightfully, that the US has the upper hand. We do.

Trump things wrongly: That China can't stand the pressure. It can, and most analysis indicates it will not back down. T

hey play the long game. They know Trump is an idiot, and unlikely to get a second term. Why negotiate with him short term? His party got crushed in the midterms, and will likely lose control of all three branches of government in 2020.

DMC

11-26-2018, 05:01 PM

RandomGay melting down :lol

Cascading strawman arguments :lol

baseline bum

11-26-2018, 05:23 PM

To answer your question: Trump thinks, rightfully, that the US has the upper hand. We do.

Trump things wrongly: That China can't stand the pressure. It can, and most analysis indicates it will not back down. T

hey play the long game. They know Trump is an idiot, and unlikely to get a second term. Why negotiate with him short term? His party got crushed in the midterms, and will likely lose control of all three branches of government in 2020.

The Sinema win in Arizona makes the senate map in 2020 doable, but still far from making the Democrats the favorite to take the senate. They will be down 47-53 after the Mississippi special election, and they'll lose Doug Jones' seat in 2020 also. So they'd have to hold serve in Michigan, Virginia, New Hampshire, and Minnesota. They should have a great chance to take Colorado. Arizona is doable but probably around a coin flip. Then they'd have to take two of North Carolina, Iowa, Georgia, Maine, and Texas if they also won the presidency to get to 50-50. Losing Nelson's seat really hurt their 2020 prospects for flipping the senate.

https://i.ibb.co/sCTxbQm/2020senate.png

RandomGuy

11-26-2018, 06:01 PM

RandomGay melting down :lol

Cascading strawman arguments :lol

Translation: "my turd sandwich is so yummy, see me take another bite, that means it must be good" :lmao

(shrugs)

I will step out your turd sandwich.

Everyone run out and buy a GM product. No? Then you're not really concerned.

Logical form:

Given:
X is a problem.

Thesis of DMC argument:

If person A is not personally involved in solving problem X, they are not really concerned about problem X.

If this were logical, then we should generally be able to substitute anything for X and have the argument hold up.

I presented multiple instances of "problem X" to demonstrate your argument was indeed, a turd sandwich.

Strawman.. LOL

You suck, and that is funny/sad. But hey keep at that sammich. If you think it is good. :lmao

RandomGuy

11-26-2018, 06:11 PM

The Sinema win in Arizona makes the senate map in 2020 doable, but still far from making the Democrats the favorite to take the senate. They will be down 47-53 after the Mississippi special election, and they'll lose Doug Jones' seat in 2020 also. So they'd have to hold serve in Michigan, Virginia, New Hampshire, and Minnesota. They should have a great chance to take Colorado. Arizona is doable but probably around a coin flip. Then they'd have to take two of North Carolina, Iowa, Georgia, Maine, and Texas if they also won the presidency to get to 50-50. Losing Nelson's seat really hurt their 2020 prospects for flipping the senate.

https://i.ibb.co/sCTxbQm/2020senate.png

GOP will have to defend a LOT more ground in 2020 than the Dems, and I don't see the political landscape changing in any way that favors the GOP in next two years.

A bit far out, but I would give it better than even odds the Dems take the Senate, simply given the unfavorable number of seats, and the presidents deep unpopularity.

A bit far to make any sweeping or definite predictions. I would assess Democrats will win both chambers and the White House in 2020, with a low confidence, given the time interval. Unless something big happens to suddenly favor GOP or hurt Dems.

I have seen no drop off in Democratic intensity or interest after the elections. We are planning for 2020 already, and building on what we learned this time around, only now we have established action/money networks, so there will be less time/effort spent building things. My view on this is mostly local, but from what I read that is not unique.

As noted, a bit far out, but I stand by my assessment for now. Trumps legal problems will consume the GOP, who will be unable to cut the Albatross in time.

RandomGuy

11-26-2018, 06:12 PM

RandomGuy

11-26-2018, 06:15 PM

Pavlov

11-26-2018, 06:16 PM

Once coal country figures out that hte GOP isn't doing anything for them, I wonder how much they will turn on the monster they created. THAT will be interesting for me. Sad for the human misery of coal jobs lost, but a huge opportunity for Democrats to step up and do something about it, which the Republicans seem uninterested in working other than to make coal company owners richer.They'll always fear/hate minorities, so jerbs don't matter.

DMC

11-26-2018, 06:31 PM

Translation: "my turd sandwich is so yummy, see me take another bite, that means it must be good" :lmao

(shrugs)

I will step out your turd sandwich.

Logical form:

Given:
X is a problem.

Thesis of DMC argument:

If this were logical, then we should generally be able to substitute anything for X and have the argument hold up.

I presented multiple instances of "problem X" to demonstrate your argument was indeed, a turd sandwich.

Strawman.. LOL

You suck, and that is funny/sad. But hey keep at that sammich. If you think it is good. :lmao

Person A: GM is closing plants
Person B: We should support GM

Person A: I do support them
Person B: Do you like their products?

Person A: Oh god no. I drive only foreign made vehicles
Person B: Maybe that's part of the reason GM is closing some plants

Person A: lol no
Person B: :\

DMC

11-26-2018, 06:32 PM

Once coal country figures out that hte GOP isn't doing anything for them, I wonder how much they will turn on the monster they created. THAT will be interesting for me. Sad for the human misery of coal jobs lost, but a huge opportunity for Democrats to step up and do something about it, which the Republicans seem uninterested in working other than to make coal company owners richer.

Doesn't matter if they lose their jobs as long as you can get lulz.

Pavlov

11-26-2018, 06:38 PM

Doesn't matter if they lose their jobs as long as you can get lulz.But you don't care about their losing their jobs either.

Will Hunting

11-26-2018, 06:42 PM

Once coal country figures out that hte GOP isn't doing anything for them, I wonder how much they will turn on the monster they created. THAT will be interesting for me. Sad for the human misery of coal jobs lost, but a huge opportunity for Democrats to step up and do something about it, which the Republicans seem uninterested in working other than to make coal company owners richer.
You’re even dumber than the people in coal country if you think that after decades of voting against their own interests they’re going to randomly figure out the GOP isn’t doing anything for them.

Th'Pusher

11-27-2018, 12:07 AM

lol There's no conspiracy theory. GM is just following in the footsteps of Ford who made this same decision a year ago. Nobody buys sedans in the US anymore just look around if you ever leave your house. GM as always is way behind in judging the market, that's why they are so far behind in the race to autonomous vehicles. You can believe it's Trumps fault if it pleases you.

So do you take issue with trump exerting a “lot of pressure” on GM for planning to eliminate these jobs?

Federal government attempting to influence the free market good now.

RandomGuy

11-27-2018, 10:50 AM

Person A: GM is closing plants
Person B: We should support GM

Person A: I do support them
Person B: Do you like their products?

Person A: Oh god no. I drive only foreign made vehicles
Person B: Maybe that's part of the reason GM is closing some plants

Person A: lol no
Person B: :\

LOL so you didn't mean that other failed argument, you really meant this strawman argument that no one here has put forth, or anywhere else that I could find.

:lmao

RandomGuy

11-27-2018, 10:53 AM

You’re even dumber than the people in coal country if you think that after decades of voting against their own interests they’re going to randomly figure out the GOP isn’t doing anything for them.

Not randomly (HA), but the losses of their jobs and devastation of their communities are simply an opportunity for the Democratic party to step and help in a meaninful way. Make the case, make the difference. They can still keep deciding to vote for failed Republicans and their failed ideas, but make a good case.

RandomGuy

11-27-2018, 10:55 AM

Everyone run out and personally help opiod addicts. No? Then you're not really concerned.

RandomGuy

11-27-2018, 10:55 AM

Everyone run out and personally retrain laid off workers. No? Then you're not really concerned.

RandomGuy

11-27-2018, 10:56 AM

Everyone run out and personally build GPS satellites to improve navigation. No? Then you're not really concerned.

RandomGuy

11-27-2018, 10:57 AM

Will Hunting

11-27-2018, 11:18 AM

Not randomly (HA), but the losses of their jobs and devastation of their communities are simply an opportunity for the Democratic party to step and help in a meaninful way. Make the case, make the difference. They can still keep deciding to vote for failed Republicans and their failed ideas, but make a good case.
Places like West Virginia (the heart of coal country) have been voting conservative for decades and all it's led to for those communities has been job cuts, stagnant wages & widespread poverty across rural America. If the biggest fucking recession since the Great Depression didn't convince people in places like West Virginia to stop voting for deregulation and trickle down economics I fail to see why anything Trump does would.

The Democrats had the opportunity to win votes in those communities but failed. Rather than get back to being the party that supports the working class voter, the Dems have regularly taken the bait on things like political correctness and transgender bathrooms.

RandomGuy

11-27-2018, 11:29 AM

Places like West Virginia (the heart of coal country) have been voting conservative for decades and all it's led to for those communities has been job cuts, stagnant wages & widespread poverty across rural America. If the biggest fucking recession since the Great Depression didn't convince people in places like West Virginia to stop voting for deregulation and trickle down economics I fail to see why anything Trump does would.

The Democrats had the opportunity to win votes in those communities but failed. Rather than get back to being the party that supports the working class voter, the Dems have regularly taken the bait on things like political correctness and transgender bathrooms.

Then that needs to change. Seems like the firebrand progressives that are coming out of the woodwork to volunteer will have a say in that.

Winning elections is a matter of getting out and listening. Democrats can win in traditionally "red" places by doing just that. There are a few good models, and it is possible. Whether we can collectively get our shit together and do that, is another thing. I do my part locally.

DMC

11-27-2018, 01:01 PM

Translation: "my turd sandwich is so yummy, see me take another bite, that means it must be good" :lmao

(shrugs)

I will step out your turd sandwich.

Logical form:

Given:
X is a problem.

Thesis of DMC argument:

If this were logical, then we should generally be able to substitute anything for X and have the argument hold up.

I presented multiple instances of "problem X" to demonstrate your argument was indeed, a turd sandwich.

Strawman.. LOL

You suck, and that is funny/sad. But hey keep at that sammich. If you think it is good. :lmao
You meltdown so easily. As the forum do-nothing, you would be sensitive to lack of action accusations.

boutons_deux

11-27-2018, 01:08 PM

Winning elections is a matter of getting out and listening.

people used to "vote their pocketbook"

But the Repug base has voted for decades against its own financial interest for decades in order to vote its hate, paranoia, guns. "god guns gays" and abortion, LGBT, iow, emotions over logic and money.

I really don't think that door knocking on that base will switch them to voting for Dems, the party of of everything they hate and fear: LGBT, blacks, browns, women, Muslims

RandomGuy

11-30-2018, 09:10 AM

You meltdown so easily. As the forum do-nothing, you would be sensitive to lack of action accusations.

(shrugs)

Looks like you don't like having your nose rubbed in the shit you left on the floor. Keep calling it a meltdown. :lol

RandomGuy

11-30-2018, 09:12 AM

you would be sensitive to lack of action accusations.

Are you personally running out and fighting fires, DMC?

DMC

11-30-2018, 09:30 AM

Are you personally running out and fighting fires, DMC?
The guilt you feel for your lack of action only generates enough energy to cause you to blog more.

boutons_deux

12-01-2018, 07:31 PM

Economists say GM layoffs are just the start of fallout from Trumponomics: ‘This is the chickens coming home to roost’

“If I’m elected, you won’t lose one plant.

You’ll have plants coming into this country,” he said at a campaign rally in Michigan in October, 2016.

“You’re going to have jobs again, you won’t lose one plant.

I promise you. I promise you.”

these closings are only the beginning as

GM alone has lost $1 billion because of Trump’s tariffs on steel and aluminum.
“They can read the crystal ball and see what’s coming,”

Scott said

Trump’s trade policies make no sense and that his tax cuts have been counterproductive.

“If nothing is done

to address the problems created by Trump’s budget and failed trade policies,

the problem is going to get worse,”

https://www.rawstory.com/2018/12/economists-say-gm-layoffs-just-start-fallout-trumponomics-chickens-coming-home-roost/

boutons_deux

12-04-2018, 07:22 AM

Trump's Advisers Struggle to Explain Deal He Says He Cut With Xi :lol

Treasury Secretary Steven Mnuchin and Trump’s top economic adviser, Larry Kudlow,

dialed back expectations and added qualifiers. :lol

Officials in Beijing did not respond to requests for an explanation and neither did the Chinese embassy in Washington.

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iTR99MzGfgo4/v1/1000x-1.jpg

Trump nevertheless praised himself for the dinner, :lol

https://www.bloomberg.com/news/articles/2018-12-03/trump-s-advisers-struggle-to-explain-deal-he-says-he-cut-with-xi?srnd=premium-asia

Trash didn't eat dinner, paranoid about foreign foods, like any mature, sophisticated, well-travelled billionaire

boutons_deux

12-05-2018, 09:30 AM

tariff man: https://www.youtube.com/watch?v=15_A511X3Ks

boutons_deux

12-05-2018, 09:35 AM

Deep-red state farmers just announced massive losses from Trump’s trade tariffs

The grassroots farmers organization released their estimate of the cost of the president’s trade war on Nebraska’s agricultural industry and came up with an

astonishingly high total of around $1 billion.

“Retaliatory tariffs make our U.S. products more expensive for international customers, meaning they buy less or buy from someplace else,”

Nebraska Farm Bureau President Steve Nelson told the Omaha World-Herald (https://www.omaha.com/money/agriculture/trade-conflicts-have-cost-nebraska-economy-more-than-billion-farm/article_ffdd7816-7fdb-56e4-b6c0-8c48051edf02.html) yesterday.

“This report provides a clear picture of how much we’ve lost due to those tariffs and the need to improve our trade relations,”

he said in what many Nebraska farmers surely saw as the understatement of their lives.

While the study did not offset the estimate of the state’s agricultural sales losses with the amount of emergency federal payments that the Trump administration authorized to farmers who have suffered because of its tariff policies,

it does demonstrate the scale of the damage that those policies have caused, particularly since the Market Facilitation Payments to affected farmers comes from American taxpayers rather than overseas agricultural customers.

https://washingtonpress.com/2018/12/04/deep-red-state-farmers-just-announced-massive-losses-from-trumps-trade-tariffs/?fbclid=IwAR3TKpwVvl2GAnX7rHkXQ3iw7hi-rCZisCwt-HIDmizlwSuiIfCbYc7pvdE (https://washingtonpress.com/2018/12/04/deep-red-state-farmers-just-announced-massive-losses-from-trumps-trade-tariffs/?fbclid=IwAR3TKpwVvl2GAnX7rHkXQ3iw7hi-rCZisCwt-HIDmizlwSuiIfCbYc7pvdE)

====================

Farmers Say Aid Won’t Cover Tariff Damage

USDA has begun making payments to farmers affected by trade conflicts

https://www.wsj.com/articles/farmers-say-aid-wont-cover-tariff-damage-1537974178

boutons_deux

12-06-2018, 01:32 AM

Huawei founder's daughter arrested on U.S. request, puts trade war truce in doubt

The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States,

dealing a blow to hopes of any easing of Sino-U.S. trade tensions and rocking global stock markets.

The shock arrest of Meng Wanzhou, who is also Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, is riling authorities in Beijing and

raises fresh doubts over a 90-day truce on trade struck between Presidents Donald Trump and Xi Jinping on the day she was detained.

The arrest is related to violations of U.S. sanctions, a person familiar with the matter said.

Reuters was unable to determine the precise nature of the violations.

https://www.reuters.com/article/us-usa-china-huawei/huawei-founders-daughter-arrested-on-u-s-request-puts-trade-war-truce-in-doubt-idUSKBN1O42S1?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

Winehole23

12-06-2018, 10:44 AM

DJIA down 500 points this morning

https://markets.money.cnn.com/cgi-bin/upload.dll/file.png?z698f7d0azb878777b230541659fb5fef679ae897 6

Winehole23

12-06-2018, 11:00 AM

has your 401K started to tire of all the winning?

Winehole23

12-06-2018, 11:00 AM

1070671890103107590

vy65

12-06-2018, 11:26 AM

DJIA down 500 points this morning

https://markets.money.cnn.com/cgi-bin/upload.dll/file.png?z698f7d0azb878777b230541659fb5fef679ae897 6

Let's not forget the near 800 point drop on Tuesday.

I'd say lol Tariff Man, but I'm crying ...

Winehole23

12-06-2018, 11:35 AM

down 700 now. index is negative for the year.

Winehole23

12-06-2018, 11:51 AM

S&P death cross is getting close (50 day moving average dropping below the 200 day average)

More than half of the S&P 500’s 11 sectors have seen death crosses, and a chunk of the index’s constituents are in bear markets, having declined at least 20% from a recent peak. Both the S&P 500 and the Nasdaq are in correction, usually defined as a 10% drop from a peak.https://www.marketwatch.com/story/a-looming-death-cross-for-the-sp-500-highlights-a-stock-market-in-tatters-2018-12-06

vy65

12-06-2018, 12:30 PM

The Tariff Man Can!

Winehole23

12-06-2018, 12:56 PM

eh, I don't think tariffs caused this. what the movement of the market shows is its relative immunity to policy in the macro.

boutons_deux

12-06-2018, 01:38 PM

Volvo to slow hiring at new plant, may move some production to China because of Trump's tariffs (https://www.dailykos.com/stories/2018/12/5/1817210/-Volvo-will-slow-hiring-at-new-plant-will-move-some-production-to-China-because-of-Trump-s-tariffs)

Volvo's new South Carolina plant, which opened in June, is gradually ramping up to produce the S60 sedan. In 2021, the plant will begin assembling the Volvo XC90 SUV. Once it's making both models, the plant will ship about half of its vehicles to foreign markets, according to Volvo's original plan.

But if the U.S. dispute with China isn't resolved soon, those plans could be changed, too.

"We ... thought Charleston could build cars for China," Samuelsson said. "That will not work."

Instead, he said, the company is making plans to build the S60 in China for sale to customers there. Volvo is owned by Chinese automaker Geely.

So far, Trump’s tariffs are making Chinese manufacturing stronger. As CNBC notes (https://www.cnbc.com/2018/12/05/no-deal-on-car-tariffs-as-white-house-backpedals-automakers-move-jobs.html?__source=twitter%7Cmain), SUV production had been on the rise, with China being the No. 1 buyer of vehicles assembled in the USA.

https://www.dailykos.com/stories/2018/12/5/1817210/-Volvo-will-slow-hiring-at-new-plant-will-move-some-production-to-China-because-of-Trump-s-tariffs?detail=emaildkre (https://www.dailykos.com/stories/2018/12/5/1817210/-Volvo-will-slow-hiring-at-new-plant-will-move-some-production-to-China-because-of-Trump-s-tariffs?detail=emaildkre)

vy65

12-06-2018, 02:05 PM

eh, I don't think tariffs caused this. what the movement of the market shows is its relative immunity to policy in the macro.

I think these market movements are triggered off of perceptions of trade war/tariffs/idiotic tweets/etc... I do agree that policy and the market can and do pass each other by with little to no interaction.

Winehole23

12-07-2018, 12:02 PM

agreed about perceptions

Winehole23

12-07-2018, 12:03 PM

Trump thinks we're idiots:

1071055493475516416

boutons_deux

12-07-2018, 12:26 PM

Trump thinks we're idiots:

Trash and Repugs KNOW their supporters ARE idiots, and they know how to sucker, dupe, screw them

Winehole23

12-11-2018, 01:26 AM

Close
https://pbs.twimg.com/media/Dt-UngNWkAAMlD9.jpg:large

boutons_deux

12-13-2018, 08:18 AM

Under Trump, the U.S. debt grew by the size of the Brazilian economy in just two years

Total public debt outstanding has jumped by $1.36 trillion, or 6.6%, since the start of 2018, and

by $1.9 trillion since President Trump took office,

https://www.latimes.com/business/la-fi-federal-debt-20181212-story.html#nws=mcnewsletter (https://www.latimes.com/business/la-fi-federal-debt-20181212-story.html#nws=mcnewsletter)

yawn, debt always grows under Repugs, by 2x or 3x compared to the debt at the start of a Repug administration,

since the oligarchy's little bitch St Ronnie switched the US from "tax and spend" to "borrow and spend"

Repugs have announced, while enriching the oligarchy by $Ts, to impose more brutal, suffering-and-death austerity on the non-oligarchy.

Winehole23

12-13-2018, 09:57 AM

Time to cut pensions and benefits, those tax cuts aren't going to pay for themselves.

boutons_deux

12-13-2018, 10:01 AM

Time to cut pensions and benefits..

and Medicaid, Medicare, Social Security, Federal safety net, school lunches, summer meals for school children, etc, etc.

RandomGuy

12-19-2018, 03:54 PM

Trump

983533376421285888

Here's a post that didn't age well. :rollin

Dow closing Apr 9 2018: 23,979

Dow current Dec 19 2018 23,380

Chris

12-19-2018, 06:09 PM

Here's a post that didn't age well. :rollin

Dow closing Apr 9 2018: 23,979

Dow current Dec 19 2018 23,380

https://twitter.com/gatewaypundit/status/1075484675420942336

Federal Reserve runs this shit son, and Trump has been fighting them since his inception.

Winehole23

12-19-2018, 07:11 PM

Too bad Trump fired the most accomodative Fed chief ever in favor of Powell.

Fed chiefs thinking for themselves should be a crime, where's the loyalty to patrons?

Btw, Chris, how long were interest rates supposed to be zero or very close to zero? We had a pretty long run...it's historically unusual, to put it mildly.

CosmicCowboy

12-19-2018, 07:51 PM

Pavlov

12-19-2018, 07:56 PM

https://twitter.com/gatewaypundit/status/1075484675420942336

Federal Reserve runs this shit son, and Trump has been fighting them since his inception.Trump appointed that guy because the woman was too short.

Th'Pusher

12-19-2018, 09:24 PM

I do agree it's time for the fed to slow down. Check out global interest rates. You can get the dollar too strong.

Fed indicated today they weren’t planning on raising rates again at their next session

Winehole23

12-19-2018, 09:42 PM

I do agree it's time for the fed to slow down. Check out global interest rates. You can get the dollar too strong.What are the global interest rates, since you mention it?

How strong a dollar is too strong, and why?

vy65

12-19-2018, 09:56 PM

Who would have thought that starting an unnecessary trade war and declaring yourself the tariff man in an attempt to rejuvanate a dead industry (manufacturing) — which really is nothing more than pandering to your dwindling base//deflection from growing legal exposure — would harm the markets?

Yeah WH23, my portfolio is fucking tired of all this winning.

vy65

12-19-2018, 09:57 PM

I’d be curious to know about the overall value of Chris’ and others’ portfolios before they chime in and defend dear leader

Spurminator

12-19-2018, 10:04 PM

Chris’ and others’ portfolios

:lmao

vy65

12-19-2018, 10:05 PM

Touché motherfucker ... touché

boutons_deux

12-20-2018, 12:42 AM

dead industry (manufacturing)

search "usa manufacturing growth exports"

mfg jobs have been dying, killed by high-tech, highly tuned supply chain, logistics, robotics, automation, but USA mfg is actually strong, growing, exporting.

CosmicCowboy

12-20-2018, 06:47 AM

What are the global interest rates, since you mention it?

How strong a dollar is too strong, and why?

European central bank is still 0. A strong dollar hurts profits at multinational companies because of exchange rate issues and makes American goods overpriced on the world market.

boutons_deux

12-21-2018, 10:44 AM

Justice Department charges Chinese nationals in 'extensive' global hacking campaign

Prosecutors accuse two people of hacking in conjunction with the Chinese government.
They are accused of stealing information from at least 45 U.S. tech companies and government agencies.
The two also allegedly targeted defense industrial companies and managed service providers as a way to gain entry to U.S. corporations and agencies through their suppliers.

charges against two Chinese nationals on charges of participating in a global hacking campaign to steal technology company secrets and intellectual property, as well as the personal data of more than 100,000 members of the U.S. Navy.

Zhu Hua and Zhang Shilong are charged with conspiracy to commit computer intrusions and wire fraud, as well as aggravated identity theft, as part of years-long campaigns to steal from numerous foreign governments and dozens of companies.

They remain at large. :lol

the defendants stole information from at least 45 U.S. tech companies and government agencies, authorities said.

Prosecutors also accused the two of o

perating in conjunction with the Chinese government.

"China will find it difficult to pretend that it is not responsible for this action," Deputy Attorney General Rod Rosenstein said

The indictment says Zhu and Zhang engaged in technology thefts that began in 2006 and a campaign to steal intellectual property and other data from remote-access client-management companies that started in 2014.

that the agencies targeted included

the Department of Energy's National Laboratory and NASA's jet propulsion lab.

hacked into more than 40 computers connected to the U.S. Navy

and stole confidential data, including "the personally identifiable information of more than 100,000 Navy personnel."

accused of hacking three communications technology companies,

three companies "involved in manufacturing advanced electronic systems,"

a maritime technology company,

an oil and gas company, and

at least 25 other technology-related companies.

https://www.cnbc.com/2018/12/20/doj-china-national-security-law-enforcement-action.html

America getting gang-raped and too fucking stupid to outsmart the Chinese, Russians, etc.

RandomGuy

12-24-2018, 02:24 PM

https://twitter.com/gatewaypundit/status/1075484675420942336

Federal Reserve runs this shit son, and Trump has been fighting them since his inception.

21,972 as of today.

Dec 25, 2017 = 24,712

Stupid motherfucker. It was "look at what Trump did for the economy" when the stock market was up.

Now that it's down... it's everybody else's fault.

RandomGuy

12-24-2018, 02:25 PM

Fed indicated today they weren’t planning on raising rates again at their next session

They were leaving the door open. Most think they will stand pat amid signs of a global slowdown.

Winehole23

12-24-2018, 03:26 PM

European central bank is still 0. A strong dollar hurts profits at multinational companies because of exchange rate issues and makes American goods overpriced on the world market.CC wants the Fed put left in place and worries about the the balance sheet of multinationals.

CosmicCowboy

12-24-2018, 09:42 PM

I think the health of American companies should be important to all of us.

ElNono

12-24-2018, 09:47 PM

I think the health of American companies should be important to all of us.

Why? Because some people have everything invested in 401k and the like? American companies don’t really seem to care about the average American, why the reciprocity?

vy65

12-24-2018, 10:24 PM

21,972 as of today.

Dec 25, 2017 = 24,712

Stupid motherfucker. It was "look at what Trump did for the economy" when the stock market was up.

Now that it's down... it's everybody else's fault.

7 points away from a bear market.

I’m tired of winning

boutons_deux

12-24-2018, 10:33 PM

"health of American companies should be important to all of us."

:lol

yeah, right after American companies support the health and well-being of citizens.

Amasssing Capital is totally inhuman, Capital doesn't GAF about anything but more profits.

The less employees are paid, and the fewer employees, the better for profits.

Chris

12-26-2018, 06:32 PM

21,972 as of today.

Dec 25, 2017 = 24,712

Stupid motherfucker. It was "look at what Trump did for the economy" when the stock market was up.

Now that it's down... it's everybody else's fault.

https://twitter.com/realsaavedra/status/1078032050752389122?s=21

:lmao

Winehole23

12-26-2018, 07:08 PM

:lmaoDo you think we're in a bull market now, Chris?

spurraider21

12-26-2018, 07:41 PM

great we're nearly back at last Thursday's levels!

Pavlov

12-26-2018, 08:38 PM

https://twitter.com/realsaavedra/status/1078032050752389122?s=21

:lmaoAre you giving Trump credit for stocks today?

Chris

12-26-2018, 10:06 PM

Are you giving Trump credit for stocks today?

Trump enthusiast CV Payne's interview :tu

You're welcome.

Pavlov

12-26-2018, 10:10 PM

Trump enthusiast CV Payne's interview :tu

You're welcome.You're giving credit to some dude no one's heard of?

:rollin

Pavlov

12-26-2018, 10:11 PM

Trump enthusiast CV Payne's interview :tu

You're welcome.You're giving credit to some dude no one's heard of?

Who told you that was the case?

:rollin

Chris

12-29-2018, 09:05 PM

https://twitter.com/ColumbiaBugle/status/1079163452290027520

Winehole23

01-03-2019, 10:23 AM

Drumpf still doesn't know how tariffs work, or, he thinks you don't.

1080839254656405504

BD24

01-03-2019, 10:25 AM

I wonder how long before all of the farmers that he fucked over with his tariffs turn on him tbh.

Winehole23

01-03-2019, 10:29 AM

I wonder how long before all of the farmers that he fucked over with his tariffs turn on him tbh.For most of them, never, I would guess.

BD24

01-03-2019, 10:33 AM

For most of them, never, I would guess.
Idk about that. My dad is a farmer (didn’t vote for trump) and a lot of his farmer buddies voted for Trump. A lot of them took a huge hit financially and are pretty fed up with it. Another bad year like this one for them and they might turn. They might love Trump, but they can’t ignore the shit crop prices because of him tbh.

Winehole23

01-03-2019, 10:35 AM

that's fair

boutons_deux

01-03-2019, 10:39 AM

Trash fucking farmers with tariff war AND USDA, etc services for farmers shutdown.

Winehole23

01-03-2019, 10:54 AM

why can't these morons keep their mouths shut?

1080850171418816513

CosmicCowboy

01-03-2019, 11:11 AM

Apples biggest problem is longer replacement cycles. People are just keeping their phones longer because they don't see $1000+ value in the latest features.

Winehole23

01-03-2019, 11:14 AM

Apples biggest problem is longer replacement cycles. People are just keeping their phones longer because they don't see $1000+ value in the latest features.There's something to that. Psychological resistance to price point is real.

Do you think softness in the Chinese market and debt overhang is real too?

boutons_deux

01-03-2019, 11:20 AM

Apples biggest problem is longer replacement cycles. People are just keeping their phones longer because they don't see $1000+ value in the latest features.

That, but Apple in China has plummeted

"So what happened?

Cook cites a number of factors, including

the timing of the newest iPhone launches and

supply constraints across some product categories.

The new iPhone XS, XS Max (https://arstechnica.com/gadgets/2018/10/iphone-xs-and-xs-max-review-big-screens-big-performance-big-lenses-big-prices/), and XR (https://arstechnica.com/gadgets/2018/11/iphone-xr-review-keeping-compromises-to-a-minimum/)began shipping in Q4 2018 (https://arstechnica.com/gadgets/2018/11/apple-services-reach-a-whopping-10-billion-in-revenue-in-q4-2018/), leading to fewer sales to be counted in the first quarter of 2019.

As for supply issues, the letter claims that sales of the Apple Watch Series 4 (https://arstechnica.com/gadgets/2018/09/apple-watch-series-4-review-a-bigger-better-watchos-experience/), iPad Pro, AirPods, and the MacBook Air were all constrained during "much or all" of the quarter.

But the biggest problems came from lackluster sales in China and equally disappointing iPhone upgrades.

Cook states that the "magnitude of the economic deceleration" in Greater China took Apple by surprise,

resulting in much of its revenue decline.

"In fact, most of our revenue shortfall to our guidance, and

over 100 percent of our year-over-year worldwide revenue decline,

occurred in Greater China across iPhone, Mac and iPad," Cook writes in the letter.

https://arstechnica.com/gadgets/2019/01/apple-stock-plummets-8-on-news-of-grim-q1-2019-outlook/

I expect China's rulers to push hard for "Buy Chinese" in the economic war with Trash.

https://www.theregister.co.uk/2019/01/03/huawei_ceo_letter/

boutons_deux

01-03-2019, 01:03 PM

Whiskey sour: U.S. craft distillers say Trump trade war with Europe is killing export plans

the fallout continues for many companies around the country that have long targeted Europe as an achievable export market.

Barriers to Europe are especially vexing for small businesses, which often turn to the E.U. as their first export destination.

The reliability of the legal system, the prevalence of English speakers and the high level of consumer income make it an easier market for small U.S. firms to navigate, entrepreneurs say.

The E.U.’s 25 percent tariffs have crimped the sales growth of a variety of U.S. exporters, including apparel companies, boat builders and peanut butter makers.

https://www.washingtonpost.com/business/economy/whiskey-sour-us-craft-distillers-say-trade-war-with-europe-is-killing-exports/2019/01/02/4c8a7b64-054f-11e9-b5df-5d3874f1ac36_story.html?utm_term=.493380e3902e&wpisrc=nl_most&wpmm=1

CosmicCowboy

01-03-2019, 02:28 PM

Trash fucking farmers with tariff war AND USDA, etc services for farmers shutdown.

Soybean prices have been going to shit for years after they burned the South American rain forests and started planting soybeans.

Pavlov

01-03-2019, 02:37 PM

Soybean prices have been going to shit for years after they burned the South American rain forests and started planting soybeans.But when was the last time China bought zero soybeans from the US?

CosmicCowboy

01-03-2019, 02:44 PM

But when was the last time China bought zero soybeans from the US?

That was not the point. Soybean prices have sucked for years. They are no lower today than they were in the summer of 2016 pre-tariffs. If you want to argue that point please proceed.

spurraider21

01-03-2019, 02:48 PM

Apples biggest problem is longer replacement cycles. People are just keeping their phones longer because they don't see $1000+ value in the latest features.
yeah i still have my iphone 6 from 2014. only additional money apple's gotten out of me has been the $29 battery change

CosmicCowboy

01-03-2019, 02:51 PM

yeah i still have my iphone 6 from 2014. only additional money apple's gotten out of me has been the $29 battery change

Yep, getting busted for throttling older phone speed and having to offer cheaper battery replacement(from $79 to $29) hurt sales of new Apple phones.

boutons_deux

01-04-2019, 08:13 AM

As loans and aid dry up, U.S. farmers face fresh challenge from shutdown

the partial government shutdown nears the two-week mark, leaving crucial aid and loan payments in limbo.

The shutdown has blocked assistance for many farmers,

who at this time of year apply for federal loans as they pay bills due from the previous year and begin budgeting for next season’s planting.

It is also affecting aid payments promised to allay the effects of the trade war.
The timing is particularly bad for U.S. farmers, who are already suffering the fallout from the trade war’s raised tariffs and low prices for a top export crop, soybeans, with purchases by China lagging previous years.

“It’s just bad news on top of everything right now,”

The USDA’s Farm Service Agency (FSA) managers and supervisors were instructed to cancel all previously arranged loan closings when the shutdown started,

also growing nervous that the USDA will also push back or possibly cancel a slew of global supply and demand grain reports set for release on Jan. 11.

Banks, too, have relied on the agency to help guarantee the loans they are issuing to farmers – particularly for shorter-term farm operational loans.

“This is the time of year when farmers are talking to their bankers to get operational loans, and the money from the federal government is not coming in,”

The government last year also pledged up to $12 billion in aid, much of it in direct payments to soy, pork and dairy farmers, to help offset some of the losses for crops hit by retaliatory Chinese tariffs imposed in response to Washington’s tariffs on Chinese goods.
The deadline to apply for the aid is Jan. 15, yet

the FSA offices where farmers must submit their applications have been shuttered since Dec. 28. :lol
https://www.politicususa.com/2019/01/03/as-loans-and-aid-dry-up-u-s-farmers-face-fresh-challenge-from-shutdown.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29

So, socialism for farmers, and austerity for the rest of the non-oligarchy.

MultiTroll

01-04-2019, 10:08 AM

Apple is for faggots.

If we party together, check that phaggot phone at the door.

ElNono

01-04-2019, 12:15 PM

How about cat litter, does that stays at the door too? (sorry Fabbs, had to :lol)

BD24

01-04-2019, 01:37 PM

That was not the point. Soybean prices have sucked for years. They are no lower today than they were in the summer of 2016 pre-tariffs. If you want to argue that point please proceed.
Sure, but you aren’t taking into account inflation and the fact that it’s more expensive to grow those beans today than it was in 2016. When comparing apples to apples soybeans today are lower than they were in 2016 tbh

CosmicCowboy

01-04-2019, 04:24 PM

Sure, but you aren’t taking into account inflation and the fact that it’s more expensive to grow those beans today than it was in 2016. When comparing apples to apples soybeans today are lower than they were in 2016 tbh

fuel and fertilizer are cheaper now because oil is cheaper now. That is the biggest recurring cost to farmers.

Chris

01-04-2019, 04:53 PM

https://twitter.com/Cernovich/status/1081303333208354816

Pavlov

01-04-2019, 04:56 PM

CosmicCowboy

01-04-2019, 05:03 PM

But when was the last time China bought zero soybeans from the US?

Can anyone answer that?

apparently not this year either.

Pavlov

01-04-2019, 05:06 PM

apparently not this year either.I believe in December the exports went to zero.

BD24

01-04-2019, 05:10 PM

fuel and fertilizer are cheaper now because oil is cheaper now. That is the biggest recurring cost to farmers.
Equipment and repair cost are both quite a bit more tbh. You do realize how much repairs to equipment and new farm equipment cot right? It’s alot. Not to mention seeds and pearicide prices have both gone up. Inflation is still a thing $5 in 2019 isn’t the same as 5$ in 2016.

CosmicCowboy

01-04-2019, 05:10 PM

I believe in December the exports went to zero.

You said year, not month.

CosmicCowboy

01-04-2019, 05:12 PM

Equipment and repair cost are both quite a bit more tbh. You do realize how much repairs to equipment and new farm equipment cot right? It’s alot. Not to mention seeds and pearicide prices have both gone up. Inflation is still a thing $5 in 2019 isn’t the same as 5$ in 2016.

OK, but the issue is still supply / demand. Too much product chasing finite demand.

Pavlov

01-04-2019, 05:12 PM

You said year, not month.Where did I say year, CC?

CosmicCowboy

01-04-2019, 05:14 PM

Where did I say year, CC?

Correction. I said they bought US soybeans in 2018 and will apparently buy US soybeans in 2019. You moved the goalpost to only the month of December. Are you aware that Brazilian soybeans are harvested and shipped in December, counter cyclical to the US?

BD24

01-04-2019, 05:22 PM

OK, but the issue is still supply / demand. Too much product chasing finite demand.
Correct, so keeping that in mind does it make sense to cut off the biggest buyer?

Pavlov

01-04-2019, 05:24 PM

Correction. I said they bought US soybeans in 2018 and will apparently buy US soybeans in 2019. You moved the goalpost to only the month of December. Are you aware that Brazilian soybeans are harvested and shipped in December, counter cyclical to the US?The US has never shipped soybeans in December?

Ever?

CosmicCowboy

01-04-2019, 05:31 PM

The US has never shipped soybeans in December?

Ever?

Goalpost move again. Nice try, Chump.

CosmicCowboy

01-04-2019, 05:34 PM

Correct, so keeping that in mind does it make sense to cut off the biggest buyer?

I have already said I disagree with the tariffs in this thread. It still doesn't keep soybeans from being a global commodity like oil, copper, iron ore, etc. Global supply vs. global demand determines the global price.

Pavlov

01-04-2019, 05:39 PM

Goalpost move again. Nice try, Chump.You moved the goalposts three times.

My original question still stands unanswered by you.

BD24

01-04-2019, 08:58 PM

I have already said I disagree with the tariffs in this thread. It still doesn't keep soybeans from being a global commodity like oil, copper, iron ore, etc. Global supply vs. global demand determines the global price.
Yes they are a global commodity. The prices were just fine before Trump went and fucked the farmers who voted for him so that he could be a tough guy though.

boutons_deux

01-07-2019, 07:53 AM

Trump Tariffs Threaten U.S. Jobs

As U.S. negotiates with China, some firms look to Mexico

Pat LeBlanc, EBW’s chairman, who voted for Mr. Trump, said

the trade war with China could halve the company’s profit for the year.

“It’s killing us,” he said. “I just feel so betrayed.”

Tariffs as high as 25 percent on Chinese imports have left American companies such as EBW

trying to pass higher costs of foreign components to their customers,

struggling to keep up with competitors abroad and

considering whether to move their plants and jobs outside the country.

https://www.nytimes.com/2019/01/07/business/dealbook/trump-tariffs-jobs-trade.html?partner=rss&emc=rss (https://www.nytimes.com/2019/01/07/business/dealbook/trump-tariffs-jobs-trade.html?partner=rss&emc=rss)

Tariffs and shutdown, hurting Trash's cult base, stressing them, impoverishing them, firing them

CosmicCowboy

01-07-2019, 12:21 PM

Yes they are a global commodity. The prices were just fine before Trump went and fucked the farmers who voted for him so that he could be a tough guy though.

Actually, the soybean price is the same as the summer of 2016.

BD24

01-07-2019, 01:00 PM

Actually, the soybean price is the same as the summer of 2016.
How about the summer of 2017?

Winehole23

01-24-2019, 09:40 PM

Tariffs hit UAW profit sharing. Real people, real consequences.

https://news.yahoo.com/trump-tariffs-reduce-ford-uaw-185503406.html?soc_src=hl-viewer&soc_trk=tw

Chris

01-24-2019, 10:07 PM

Bend over; I'll show you real people, real consequences.

Winehole23

01-24-2019, 10:13 PM

Bend over; I'll show you real people, real consequences.Gay pillow talk?

You be you.

boutons_deux

01-29-2019, 02:00 PM

Trump’s tariffs completely wiped out Harley-Davidson profits last quarter

Bloomberg reports (https://www.bloomberg.com/news/articles/2019-01-29/harley-profit-wiped-out-by-tariffs-as-sales-continue-slumping) that Harley-Davidson “barely broke even” in its fourth-quarter 2018 earnings report, as the president’s trade wars with China and other nations continued to take their toll.

Without the costs of the tariffs, the company would have posted earnings of $0.17 per share, which was a big miss compared to the consensus estimate of $0.29 per share.

This was Harley-Davidson’s biggest miss of the consensus estimate since early 2009, when the entire country was reeling from the impact of the 2008 global financial crisis.

The bad financial report caused Harley-Davidson’s stock to plummet and share prices dropped by as much as 9 percent in the wake of the news.

https://www.rawstory.com/2019/01/trumps-tariffs-completely-wiped-harley-davidson-profits-last-quarter/

So where are the Bikers for Trash now?

CosmicCowboy

01-29-2019, 02:17 PM

The baby boomer Harley craze is over. Harley stock sucks.

boutons_deux

01-31-2019, 02:36 PM

Confused Again: Trump Thinks His Trade War is Responsible for China’s Economic Problems (https://www.counterpunch.org/2019/01/31/confused-again-trump-thinks-his-trade-war-is-responsible-for-chinas-economic-problems/)

the (NYT) piece pointed out Trump’s claim that his trade war is responsible for China’s economic problems,

it didn’t point out that this is almost certainly not true.

it doesn’t make sense that slower than expected growth in exports to the U.S. could be too big a hit to the Chinese economy.

It is also worth noting that China’s exports to the U.S. are actually not that large a share of its economy.

If we just take the reported

value of China’s exports to the U.S. it comes to less than 3.9 percent of its GDP.

the value-added in Chinese exports to the U.S. account for less than 3.0 percent of its GDP.

if Trump’s tariffs reduced its exports by one-third (a huge reduction), it would only imply a loss of less than 1.0 percentage point of GDP.

By contrast, following the collapse of the housing bubble, residential construction in the United States dropped by almost four percentage points of GDP.

that Trump’s tariffs are a major factor in China’s economic problems is absurd on its face,

just like his claim that he had the largest inaugural crowd in history or

that millions of illegal votes were cast in California.

https://www.counterpunch.org/2019/01/31/confused-again-trump-thinks-his-trade-war-is-responsible-for-chinas-economic-problems/

Of course, Trash cult base wouldn't GAF about Trash's lying

In fact, asshole Franklin Graham says Trash doesn't lie.

boutons_deux

02-06-2019, 04:30 PM

Trump’s trade wars put farms on the brink of bankruptcy — and it could be ‘devastating’ for his 2020 campaign

trade war with China is still hammering farmers in the Midwest, and

one political scientist predicts that it will cost him the 2020 election if he doesn’t fix it fast.

“The president’s trade policies have sent U.S. agricultural exports plunging,

exacerbating already difficult economic conditions facing farmers,” Politico reports.

“Average farm income has fallen to near 15-year lows under Trump, and

in some areas of the country, farm bankruptcies are soaring.”

“You’ve had farms that have gone out of business, that have gone bankrupt because of this trade war,”

Brian Kuehl, the executive director of Farmers for Free Trade, tells Politico.

“There’s a lot of farmers going through tough conversations right now with their lenders.”

https://www.rawstory.com/2019/02/trumps-trade-wars-put-farms-brink-bankruptcy-devastating-2020-campaign-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/02/trumps-trade-wars-put-farms-brink-bankruptcy-devastating-2020-campaign-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

rural simpletons' erotomania for Trash is getting de-romanticized.

Winehole23

02-12-2019, 08:53 AM

Farm belt taking it on the chin

1094966862385999874

boutons_deux

02-17-2019, 11:17 PM

U.S. agency submits auto tariff probe report to White House

The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that

could unleash steep tariffs on imported cars and auto parts,

provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed.

Trump has 90 days to decide whether to act upon the recommendations,

which auto industry officials expect to include at least some tariffs on fully assembled vehicles

or on technologies and components related to electric, automated, connected and shared vehicles.

https://www.reuters.com/article/us-usa-trade-autos/u-s-agency-submits-auto-tariff-report-probe-to-white-house-idUSKCN1Q706C?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

Euros say they will retaliate.

Trash pandering to his ignorant, loser base as if they were suffering from no/low tariffs on imported Euro luxury cars.

boutons_deux

02-19-2019, 10:20 AM

Honda Confirms Plan to Leave Britain as Brexit Looms

The Japanese automaker, which employs 3,500 at its Swindon, England, plant, is set to close the site by 2021.

https://www.nytimes.com/2019/02/18/business/brexit-honda.html

RandomGuy

02-24-2019, 01:58 AM

Farm belt taking it on the chin

1094966862385999874

Many said they are willing to bear a bit of the pain for the tariffs if it would help in the long run. Acceptable casualties for Trump as long as he gets a win. That must sting for his voters.

I would note sickdsm has been awfully quiet on this topic as of late.

At this point, I am actually somewhat supportive of the much broader tariffs. I think we have a lot of leverage to get some long-standing intellectual property issues resolved. China is looking rather vulnerable to this pressure and we might actually see some movement on this.

That said, there doesn't seem to be any real aim or goal being expressed or carried out. It is tactics with no overarching strategy, a ship with engines full steam, and no one at the helm. What is the SPECIFIC thing we want? The Chinese are in the dark, and even if they wanted to deal, we don't seem to be able to tell them what we want.

Chris

02-25-2019, 03:36 PM

https://twitter.com/realDonaldTrump/status/1100126391729774592

RandomGuy

02-26-2019, 12:03 AM

RandomGuy

02-26-2019, 12:04 AM

https://twitter.com/realDonaldTrump/status/1100126391729774592

Hail Satan.

You probably haven't seen the cringeworth interaction with Trump, his trade dude, and the Chinese. Trump embarrassed himself and our country.

Again.

boutons_deux

02-26-2019, 10:05 AM

Trash said China was stealing US's IP and had to change.

Any change?

boutons_deux

02-27-2019, 03:29 PM

U.S. farm debt is at highest point since 1980s agriculture crisis (https://theweek.com/speedreads/826198/farm-debt-highest-point-since-1980s-agriculture-crisis)

U.S. farm debt is the highest its been since the 1980s when the agriculture community was last in calamity, reports Reuters (https://www.reuters.com/article/us-usa-farms-perdue/u-s-farm-debt-soars-to-levels-seen-during-1980s-farm-crisis-agriculture-secretary-idUSKCN1QG24Y).

The amount of debt has risen to over $400 billion,

and loan demand is "historically high,"

The current crisis is being caused by weakness in commodity prices,

weather damage to crops and

a loss of profitable export markets like China (https://theweek.com/articles/803852/china-slows-markets-suffer),

https://theweek.com/speedreads/826209/aquaman-2-gets-2022-release-date

What a great year for Trash to stomp on farmers' dicks

RandomGuy

03-01-2019, 11:05 AM

Trash said China was stealing US's IP and had to change.

Any change?

nope

RandomGuy

03-01-2019, 11:06 AM

Chris

03-01-2019, 07:11 PM

https://twitter.com/realDonaldTrump/status/1101620176947236866

jifaNxq7IG8

Winehole23

03-01-2019, 07:31 PM

Oh well, if Trump demands it, then China will ask how high.

boutons_deux

03-05-2019, 09:48 AM

Trump scraps trade privilege for India; Delhi plays down impact

end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

https://www.reuters.com/article/us-usa-trade-india/trump-plans-to-scrap-preferential-trade-treatment-for-india-idUSKCN1QM007?ncid=newsltushpmgnews__TheMorningEma il__030519

Chris

03-05-2019, 07:30 PM

https://twitter.com/mitchellvii/status/1103086118050975746

/thread

Pavlov

03-05-2019, 07:36 PM

https://twitter.com/mitchellvii/status/1103086118050975746

/threadAre you posting on an American phone or computer, Chris?

Yes or no.

boutons_deux

03-06-2019, 06:45 AM

"Because Trump brought back manufacturing and

we don't need these other countries' garbage products. "

:lol

Tariff-Man Trump to Preside Over $100 Billion Jump in Trade Gap

https://www.bloomberg.com/news/articles/2019-03-05/trump-set-to-become-100-billion-man-as-u-s-trade-gap-surges

Mitchell is one typically stupid mofo

boutons_deux

03-06-2019, 10:18 AM

TRUMP’S DUMB TRADE WAR COST AMERICANS $3 BILLION A MONTH LAST YEAR

So good, so easy to win.

He says these things because he doesn’t actually have any idea how tariffs work,

despite having it explained to him numerous times—

which in itself is a great reason to follow the directions on the box of Just for Men,

in reality, U.S. companies and consumers are the ones who’ve paid for his little trade war.

And according to two studies published over the weekend, they’ve paid a lot (https://www.bloomberg.com/news/articles/2019-03-04/evidence-grows-that-trump-s-trade-wars-are-hitting-u-s-economy)!

In a study published on Saturday, economists from the Federal Reserve Bank of New York, Princeton University, and Columbia University found that tariffs imposed last year by Trump on products ranging from washing machines and steel to some $250 billion in Chinese imports were

costing U.S. companies and consumers $3 billion a month in additional tax costs and companies a further $1.4 billion in deadweight losses.

They also were causing

the diversion of $165 billion a year in trade leading to significant costs for companies having to reorganize supply chains.

In a separate paper published on Sunday, four economists including Pinelopi Goldberg, the World Bank’s chief economist and a former editor in chief of the prestigious American Economic Review, put

the annual losses from the higher cost of imports alone for the U.S. economy at $68.8 billion.

“This is kind of the worst-case scenario in terms of consumers,” Columbia University professor David Weinstein told Bloomberg.

“It’s pretty unclear that this trade war is a net win for the economy at this point.”

Moreover, as Paul Krugman points out (https://www.nytimes.com/2019/03/03/opinion/how-goes-the-trade-war.html), the fact that

consumers are paying for the trade war is just one of several reasons why this whole thing ranks somewhere around Trump Airlines (http://time.com/4343030/donald-trump-failures/) on a list of the president’s worst ideas:

By the way, in practice any manufacturing jobs added by the Trump tariffs are probably offset by losses of other manufacturing jobs.

Partly that’s because most of the tariffs are on intermediate goods—inputs into production, so that job gains in, say, steel are offset by losses in autos and other downstream sectors.

Beyond that, the tariffs have probably contributed to a rising dollar, which makes U.S. exports less competitive.

https://www.vanityfair.com/news/2019/03/trumps-trade-war-cost-americans-dollar3-billion-a-month-last-year?mbid=nl_th_5c7f0605ad0a3b2abd03f45d&utm_source=nl&utm_medium=email&utm_brand=vf&utm_mailing=vyf_hive_news_20190306%20(1)&bxid=MzI5MjgzNzg1MjQ4S0&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&spMailingID=15236464&spUserID=MzI5MjgzNzg1MjQ4S0&spJobID=1600445272&spReportId=MTYwMDQ0NTI3MgS2